Renminbi to shake up the reserves management status quo

Gary Smith

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Many central banks worldwide are changing their existing investment rules to facilitate the inclusion of the Chinese renminbi in the management of their foreign exchange reserves. Beijing’s decision to promote the use of the renminbi as an international currency has involved the promotion of the offshore renminbi capital market in Hong Kong, known as the CNH market. This is often viewed as an entry point to renminbi investments for central bank reserves

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