Chinese law doubts holding back RMB internationalisation – paper

Bank of Italy occasional paper looks at recent history of renminbi trading in Europe

2015-renminbi-side-b-web

Worries about the protection offered to foreign investors by China's legal system are holding back the internationalisation of the country's currency, an occasional paper published by the Bank of Italy argues.

In Offshore RMB markets in Europe: prospects for greater financial integration between Europe and China, Daniela Marconi et al analyse the recent growth of trading in the renminbi in European financial sectors.

London is Europe's leading centre for trading the currency, the paper says

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 copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.