Clifford Chance
An Update on RMB Internationalisation and Hong Kong's Position as the Major Offshore RMB Centre
31 March 2011
Four months since our last briefing on the Internationalisation of the RMB, China has taken further steps to enhance both the sources of, and domestic investment channels for, offshore RMB funds, while Hong Kong is also actively bolstering its position as the major offshore RMB centre.
This briefing is the latest update on legal developments in both China and Hong Kong on the road to the internationalisation of the RMB, which discusses, among other issues, the sources of offshore RMB funds, existing and potential investment channels into China, and prospects for the future.
