In the early stage of RMB internationalisation, RMB transactions occurred mostly in trade settlement between China and neighbouring economies.
As China liberalises its capital account and rolls out the Belt & Road scheme, RMB’s investment & financing functions have soared. To thrive in the next stage of Internationalisation, we believe there are three areas (the new commanding heights) in which Beijing has genuine interests to drive ahead: 1 ) Pursue a higher level of opening of financial markets, 2) Promote the anchor role of the RMB for Belt & Road and Asian economies, 3)Build nextgeneration infrastructure.
You can now read the full whitepaper at the link below
