ANBOUND: Advancement of RMB Internationalization
ANBOUND
With the expansion of RMB internationalization in overseas market, the renminbi clearing bank network spreads to global main offshore market. In the view of ANBOUND research team, on the basis of initial results we have gained, Chinese government should give consideration to both the overseas market and domestic market for the advancement of RMB internationalization. That is to say, while continuing to expand overseas market, Chinese government should promote reform and innovation of domestic currency market to lay a solid foundation for RMB internationalization and give more opportunities for its further development.