The Lagged Financial Reform Holds Back RMB's Internationalization Process
ANBOUND
Since the lagged financial reform has held back the RMB's internationalization process, Anbound’s research team is of the view that the only way forward for China to unify the financial market and effectively mobilize the currency reserves lies in the promotion of financial derivatives’ innovation and fair financial market access procedures. These measures would in turn, further support the RMB’s share and position in the international trade financing and foreign exchange transactions.