The renminbi's slow move towards becoming a global currency has gathered momentum in the past 12 months, and with China's new premier signalling his intention to smoothen this process even further, the currency appears destined to achieve reserve status in the not-too-distant future.
Renminbi on the move
The two sides to China's banking story
October 1, 2013Despite posting record profits and healthy loan books, China's banks continue to attract criticism from speculators, financial commentators and wary investors, who believe that the country's banking industry is a ticking time bomb.
Addressing the imbalance in the Chinese bond market
October 1, 2013The Chinese bond market must achieve greater diversity – of issuers and investors – if it is to facilitate the successful internationalisation of the renminbi, which requires the government to relax its rules on foreign participants, something it is already starting to do.
The renminbi keeps on moving
October 1, 2013The extending of the QFII and the RQFII quotas in recent months demonstrate how the renminbi's liberalisation is developing at an impressive pace. However, authorities in the country appear keen to move things along even faster.