Wednesday, March 23, 2016
Setback in RMB Trade Settlement, A Warning
ANBOUND
In order to stabilize RMB exchange rate, China's central bank has introduced a series of intervening and regulatory measures for some time and the study made by ANBOUND’s research team shows that these measures have negative impacts on the enterprises and lowered their willingness to use RMB.
The attractiveness of RMB for cross-border trade settlement has decreased worldwide.
Since RMB exchanges have stabilized as expected, in order to create conditions for the restoration of market confidence, the regulatory departments should consider relaxing some of the regulatory requirements.