There seems to be something of an inevitability about the renminbi's rise to reserve currency and global dominance. However, there are mutterings that this ascents will be curtailed by China's development model, corporate governance and financial system.
Asia-Pacific
Latest articles from China
Banks race to compete in renminbi
November 1, 2011The renminbi is on a path to becoming an international currency, and the first step of the journey is for the Chinese currency to be used to settle trade payments. As businesses begin to see the benefits of using renminbi for trade settlement, banks are competing to make their mark on this growing business.
Taiwan banks make slow progress in China
October 3, 2011Political uncertainty and regulation has blighted the progress on the Economic Co-Operation Framework Agreement between Taiwan and China. Now, slowly but surely, agreements are finally being reached that should benefit Taiwan's banks and businesses.
UBS pulls off niobium deal for Chinese consortium
October 3, 2011When Chinese investors sought to secure a supply of niobium metal, UBS had the unique challenge of coordinating five state-owned enterprises to a punishing timetable, all the while taking on board the differing needs of each enterprise.
China's banking success story spreads across the country
September 1, 2011The growth of China's banking sector continues unabated, with banks the length and breadth of the country, small and large, turning in impressive performances in The Banker's Top 100 Chinese Banks ranking.
What can the West offer Chinese banks?
August 1, 2011Will China's cash-rich banks want to enter the West's stagnant, mature market when there are so many growth opportunities domestically and within Asia as a whole?
Chinese banks respond to tighter regulation
June 30, 2011Determined to avoid the pitfalls of their Western counterparts, Chinese banks have entered a phase of tightening, as regulators put the squeeze on credit and raise interest rates repetitively.
China's leading bankers set on an upward trajectory
June 30, 2011How do the leaders of China’s leading banks view the banking sector, their own performances and their aims and ambitions? The Banker talks to the chairmen of China’s top institutions.
Grand designs transform Chengdu and its banks
June 30, 2011With massive government support, Chengdu has emerged as the financial centre of western China. Important banking institutions have already moved into the new Chengdu Financial City – which is still under construction – while other economic initiatives look set to transform the region's landscape.
Tianjin's banks take advantage of area's rapid growth
June 30, 2011Tianjin is now one of the fastest-growing banking regions in China and, as a result, its financial institutions are experiencing phenomenal growth as they continue to fund the metropolis's booming industrial development and satisfy increasing demand from foreign investors.