Liquidity issues may prevent RMB's entry to SDR

Say conference panellists and Allen & Overy report

renminbi-sky-fly-bird-china

Inadequate liquidity in Chinese renminbi derivatives is putting participants off hedging the currency and this is one of the biggest obstacles to the country joining the International Monetary Fund's special drawing rights basket (SDR), according to panellists at a Securities Industry and Financial Markets Association (Sifma) conference in New York.

Concerns over liquidity were highlighted in a report from law firm Allen & Overy. Two-thirds of the 150 respondents – all senior executives at

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: