RMB Internationalization Needs to Diversify Offshore Financial Products
ANBOUND
Development of offshore RMB investment instruments have increasingly accounted for a major part in RMB's internationalization. ANBOUND think tank scholars hold that besides its effort to establish 10 clearing centers and institutions across the globe, China should also actively develop offshore RMB’s bond market and establish offshore RMB’s investment funds. The offshore RMB bond market includes forwards, options, futures and other similar innovative derivatives; and the establishment of offshore RMB investment funds includes sharing achievement of China’s economic development to the country’s investment through backflow mechanism, or providing financing to facilitate Chinese enterprises’ going out.