rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    non sort: The
    title: offshore renminbi
    sub title: the rise of the Chinese currency and its global future
  name:
    name part: Minikin, Robert.
    role:
      role term: creator
  name:
    name part: Lau, Kelvin.
  type of resource: text
  genre: bibliography
  genre: Electronic books.
  origin info:
    place:
      place term: si
    place:
      place term: Singapore
    publisher: John Wiley & Sons Singapore Pte. Ltd.
    date issued: 2013
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: remote
    extent: 1 online resource (xxii, 245 pages) : illustrations
  abstract: The rise of the renminbi and what it means for forex markets. Chinese authorities have ambitious plans to "internationalize" the renminbi, transforming it from a tightly controlled domestic legal tender into a global currency for international trade, held by both private and public sector asset managers. The Offshore Renminbi examines this impending currency revolution, outlining why the emergence of China as a major economic power will likely soon be matched by a transformation of the renminbi's role in the global financial system. It explains how new markets for "offshore" renminbi are developing outside mainland China since the country is not yet ready to fully open up its economy to international capital flows, and the regulations that govern them. The potential growth for the renminbi market is vast, thanks to China's role in the global trading community. The early stages of the internationalization effort were small-scale, but momentum has greatly increased over the past 18 months, making this book more relevant than ever. These developments offer new opportunities (and challenges) for corporate treasurers and investors, as China's profound economic success and growing prominence in global trade may transform offshore renminbi into a new global reserve currency and a legitimate competitor to the U.S. dollar. * Explores how the "internationalization" of the renminbi is likely to yield a new global currency to rival the U.S. dollar * Examines "offshore" renminbi and the host of new financial markets they have created, from a spot FX market to Dim Sum bonds in Hong Kong * Covers broad themes of interest to general readers and policymakers, as well as more detailed issues of practical and direct importance to corporate treasurers and investors. The Chinese government has ambitious plans to make the renminbi a global currency. The Offshore Renminbi explains the complexities of this strategy and the dramatic implications for the global FX markets
  table of contents: Foreword Preface List of Acronyms and Key Terms Chapter 1: The New Global Role for the Renminbi A Long-Standing -- but Failing -- Path Allowing Renminbi Markets to Flourish Political Tailwinds for Internationalisation Challenges and Consolidation Risks The Renminbi in a Multipolar World Chapter 2: Linking the Offshore and the Onshore Renminbi Markets International Transactions in a Domestic Currency The Starting Point for Renminbi Internationalisation Investability; Opportunities and Challenges Timing Convertibility PBoC and Exchange Rate Policy The Advantages of the Offshore Renminbi Chapter 3: The Birth and Evolution of the Offshore Renminbi Market in Hong Kong A Chronological Look at Key Policy Liberalizations More on Renminbi Trade Settlement in the Post-Big Bang Era From Renminbi Trade Settlement to Offshore Renminbi Deposits Chapter 4: New Markets -- New Jargon, New Opportunities The Chinese Yuan in FX Spot A New Diversity of Forward Markets Opportunities in the CNH Markets Tracking Returns in CNH Deposits The Dim Sum Bond Market Matures Chapter 5: Geographical Expansion of the Offshore Renminbi Universe From 'Hong Kong' to Haiwai through Trade Renminbi in London and the 'Hub-And-Spoke' Model Direct Renminbi Cooperation with Mainland China Shanghai's Aspiration and Infrastructure Overhaul Hong Kong Is Still in Pole Position Chapter 6: Drivers for internationalization Public Policy; Replacing USD Economics; China's Role in the Global Economy For Investors; Appreciation -- But, More Importantly, Diversification For Corporate; Fairer and More Transparent Pricing For Official Reserve Managers; a New Route to Stability? Chapter 7: The Rise of the Renminbi and its Policy Implications The Renminbi's Rise: a Threat to the Hong Kong Dollar? The Renminbi's Rise: a Regional FX Anchor The Renminbi Rise: the SDR and the IMF The Reminbi's Rise : the US Dollar in a Multipolar World Appendix: The CNH Timeline Bibliography About the Authors Index.
  note: Robert Minikin, Kelvin Lau.
  note: Includes bibliographical references (pages 229-230) and index.
  subject:
    geographic code: a-cc---
  subject:
    topic: Renminbi
  subject:
    topic: Currency question
    geographic: China
  subject:
    topic: Monetary policy
    geographic: China
  subject:
    topic: Foreign exchange rates
    geographic: China
  classification: HG1285 .M56 2013eb
  classification: 332.4951
  related item:
    title info:
      title: Offshore Renminbi
    name:
      name part: Minikin, Robert.
    origin info:
      publisher: Singapore : Wiley, 2013
  identifier: 9781119199038
  identifier: 1119199034
  identifier: 9781118339268
  identifier: 1118339266
  identifier: 1283735539
  identifier: 9781283735537
  identifier: 9781118339282
  identifier: 1118339282
  identifier: 1118339258
  identifier: 9781118339251
  identifier: 9781118339275
  identifier: 1118339274
  identifier: 8F5E1FE8-627F-42C1-8D28-C8728439DA4B OverDrive, Inc.
  identifier: http://proxy.library.tamu.edu/login
  record info:
    record content source: NhCcYBP
    record creation date: 121119
    record change date: 20260215000651.6
    record identifier: in00005690080
    language of cataloging:
      language term: eng