000			02862cam a22002897i 4500
008			130424s2013 si a b 001 0 eng
020			_a9781118339251
020			_a1118339258
040			_aSDU
050	0	0	_aHG1285 _bM665 O 2013
100	1		_aMinikin, Robert. _9203157
245	1	4	_aThe offshore Renminbi : _bthe rise of the Chinese currency and its global future / _cRobert Minikin, Kelvin Lau.
260			_aSingapore : _bJohn Wiley & Sons Singapore Pte. Ltd., _c2013
300			_a245 p. : _bill.
505	0		_aHKBU Library
520			_aThe rise of the renminbi and what it means for forex markets Chinese authorities have ambitious plans to "internationalize" the renminbi, transforming it from a tightly controlled domestic legal tender into a global currency for international trade, held by both private and public sector asset managers. The Offshore Renminbi examines this impending currency revolution, outlining why the emergence of China as a major economic power will likely soon be matched by a transformation of the renminbi's role in the global financial system. It explains how new markets for "offshore" renminbi are developing outside mainland China since the country is not yet ready to fully open up its economy to international capital flows, and the regulations that govern them. The potential growth for the renminbi market is vast, thanks to China's role in the global trading community. The early stages of the internationalization effort were small-scale, but momentum has greatly increased over the past 18 months, making this book more relevant than ever. These developments offer new opportunities (and challenges) for corporate treasurers and investors, as China's profound economic success and growing prominence in global trade may transform offshore renminbi into a new global reserve currency and a legitimate competitor to the U.S. dollar. Explores how the "internationalization" of the renminbi is likely to yield a new global currency to rival the U.S. dollar Examines "offshore" renminbi and the host of new financial markets they have created, from a spot FX market to Dim Sum bonds in Hong Kong Covers broad themes of interest to general readers and policymakers, as well as more detailed issues of practical and direct importance to corporate treasurers and investors The Chinese government has ambitious plans to make the renminbi a global currency. The Offshore Renminbi explains the complexities of this strategy and the dramatic implications for the global FX markets.
650		0	_aRenminbi. _9203158
650		0	_aMonetary policy _zChina. _9203159
650		0	_aCurrency question _zChina. _9203160
650		7	_aCurrency question.
650		7	_aMonetary policy.
650		7	_aRenminbi. _9203158
651		7	_aChina.
700	1		_aLau, Kelvin. _9203161
900			_a = C.1 SDU
942			_cGBE _2lcc
999			_c106741 _d106741