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.

While you might understand the implications of renminbi reform as it stands today, you should anticipate further reforms from the mainland Chinese authorities. The introduction of onshore FX options this April, for example, is...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222