Industrial and Commercial Bank of China - RMB internationalisation and cross border RMB business
As economic globalization continues, the beginning of the 21st Century has witnessed the deepening integration of the Chinese economy into the global economy, with the Renminbi becoming a new member of the international currency community. During the last six years, the Renminbi has traded as a reliable currency with common acceptance. The participants of onshore and offshore Renminbi have quickly increased, with the business scope widely broadened and trading volume greatly increasing. More than 220 economies have already had cross-border transactions settled in Renminbi, and almost 30 central banks have signed the Renminbi-based currency swap agreements with China. With the Renminbi becoming a new driving force in major financial centers, this presentation will give you a full view of the RMB policy evolution, market development, and your RMB opportunities.