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PwC Luxembourg has released today a comparative study of cross-border RMB centres, entitled Where do you Renminbi?, during the Renminbi Forum, hosted by Luxembourg for Finance in partnership with Clearstream at Philharmonie. This report, preceded by a statement of Mr. Pierre Gramegna, Minister of Finance, aims to present the main financial centres which are positioning themselves to assist China in the internationalisation of its currency.
Internationalisation of Renminbi: Financial centres to play a complementary role
While Hong Kong is by far the most developed RMB offshore centre with sufficient liquidity and a broad range of RMB products, other RMB international centres have developed individual areas of expertise. For example,...
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