FX Focus Q&A - Francois Masquelier

francois-masquelier
Francois Masquelier, chairman of ATEL, Luxembourg’s association of corporate treasurers, and vice-chairman of the European Association of Corporate Treasurers

Q: According to some estimates, the Chinese economy has already overtaken the US to become the world’s largest. The presence of the renminbi in global markets continues to grow, and corporates are doing more business in China than ever, but corporate participation in renminbi hedging is relatively low. Why is that? 

Francois Masquelier: I think it is mostly a cultural thing. Historically, China was a tough market to access and the cost of trading its currency was high. There is always a healthy

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