RMB convertibility will be catalyst to offshore trading, say bankers
Corporates and investors are impatient for Chinese authorities to move forward in making renminbi a fully convertible currency, a development that is expected to be more significant than any other in bolstering its international use, according to industry officials involved in the development of offshore renminbi trading in London.
Speaking at a media briefing in London yesterday, bankers and public sector officials welcomed the progress that has been made over the past year to increase offshore
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