As many developed countries started to raise interest rates, some of the lustre may have come off China’s fixed-income market during the past year. However, it is impossible to ignore the significance of the renminbi as a strategic asset class for many central banks – although it is not always easy to service. The World Bank has helped to shift these dynamics by laying the foundation for quick and easy execution of dual-renminbi mandates, covering both onshore and offshore trading.

“The World