China focus: Deutsche Bank’s expectations for the renminbi

Kaushik Shaparia, Deutsche Bank’s managing director and Asia-Pacific regional head of trade finance and cash management corporate, identifies China and the renminbi as positive cash and trade stories for 2011.

China focus: Deutsche Bank’s expectations for the renminbi

Recent estimations for total offshore renminbi in Hong Kong place it at over Rmb300 billion. What expectations do you have for the currency this year

We have seen a lot of interest from both financial institution and corporate clients in offshore renminbi, both from a trade finance perspective and a cash management angle. Offshore companies are generally looking to gain access to renminbi liquidity and pricing onshore companies want more transparency in their FX management.

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