Key Developments In The Offshore RMB Market In 2014

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The author is ANZ Greater China chief economist Li-Gang Liu

In 2013, the internationalization of the RMB has continued to gain speed. Geographically, the offshore RMB market has expanded rapidly. Not only did we see the launch of official clearing services in Singapore and Taiwan, but also more bilateral currency swap agreements signed between China and other central banks.

China Money Network

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