Renminbi Rising: Onshore and Offshore Perspectives on Chinese Financial Liberalization (State Street)

February 2014

KEYWORDS: renminbi assets, China, Survey, financial institutions, currencies, risk management, Economist Intelligence Unit

Authors:

State Street

Organizations:
  • State Street

Summary:

Since introducing renminbi trade settlement in 2009, China has seen its currency rise to become the world’s second-most used trade financing currency and ninth-most used currency for payments. Much of that growth has taken place in offshore markets, where institutional investors are pushing for continued reforms. But investors’ opinions on the risks and timing of financial liberalization vary sharply among those headquartered in mainland China and those based elsewhere.

To better understand these differing opinions, State Street commissioned the Economist Intelligence Unit to conduct a survey of 200 global institutional investors with exposure to renminbi assets. Renminbi Rising: Onshore and Offshore Perspectives on Chinese Financial Liberalization is our report detailing the results of this survey.

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