The number of renminbi trading hubs is growing fast. More sovereign names are set to enter the issuance market, and bankers expect another banner year in RMB debt volumes. This year the currency could be added to the IMF’s Special Drawing Rights basket, while the Hong Kong/Shanghai Stock Connect initiative is now up and running. China’s leaders believe further opening of the capital account while boosting the flow of RMB in global trade is vital to the country’s long-term economic performance and credibility.
June 09, 2015