China focus: Renminbi internationalisation

It might be the most important financial development of the century, but for company CFOs and treasurers, the implications of renminbi internationalisation are not yet clear.

If you are a treasurer or financial controller, you should be taking a step back from all of the hullabaloo surrounding the rapid development of offshore Hong Kong renminbi, or CNH in bankers’ parlance, and you should be asking yourself what does it mean for my company

That is because for financial officers who operate in the unforgiving world of numbers and the bottom line, the currency represents a step into the unknown.

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