Fate of renminbi market contingent on Chinese authorities’ resolve
BoE 'thought experiment' could result in sixfold increase in RMB usage
China's international investment position as a proportion of world GDP could see a six-fold increase over the next decade, if the country's financial liberalisation process continues and economic growth remains strong, the Bank of England's (BoE) chief cashier, Chris Salmon, said yesterday at the National Asset-Liability Management conference in London.
While Salmon underscored that such figures were the result of a BoE research 'thought experiment', rather than the bank's official forecast, it
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com