New developments in the RMB’s road to internationalisation
The growing importance of the RMB currency and its role in financial markets is evident. The rapid growth of Hong Kong’s renminbi (RMB) market (the CNH market) since its inception has been one of the most significant developments for investors and risk managers with RMB exposure. As the internationalisation of the RMB accelerates, the demand to hedge currency risk in the CNH market is increasing. This session will cover renminbi’s road to internationalisation and the growing importance of RMB as a trading currency and how Hong Kong is in a premier position to offer cross-border risk management.