Tapping growing renminbi worldwide

European corporates should consider issuing renminbi bonds to build a name in China, despite plentiful euro and dollar financing elsewhere

Tapping growing renminbi worldwide

European companies that ignore the renminbi are at risk of losing out especially given the rapid pace of the currency’s growth in the world.

The spotlight in March was on new offshore renminbi hubs. Just before the trip to Europe by president Xi Jingping, China signed agreements with Germany and the UK for clearing and settlement of the Chinese currency. In February 2014, the renminbi stood in eighth position as the most used currency in...

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