The Offshore Renminbi Review: RMB gains momentum
2 Dec 2013
This fourth Offshore Renminbi Review surveyed senior treasury professionals from Asia, Europe and the United States on their current and planned offshore renminbi (RMB) activity.
Key themes in this review
- More companies are using offshore RMB today, and this trend is set to continue
- More companies are using more RMB products
- 40% of companies see RMB taking over from USD as the dominant currency for China trade and investment
- Regulatory factors have the largest impact on companies’ use of RMB in the next 12 months
- FX, Trade Settlement and Deposits remain the most widely used products.
The Offshore Renminbi Review
The Offshore Renminbi Review is part of our Renminbi Research series, and is a quarterly survey of corporate opinion, conducted by Asset Benchmark Research.