Wednesday, July 2, 2014

The Globalization of the Renminbi: Feeling the Stones on the River Bed

ZHANG Hong, SHAH Gourang, YANG Anne
©2014 INSEAD Case Study
Also available: Teaching Note
Get the case from INSEAD Case Publishing

China represents a significant share of global foreign direct investment but its currency comprises a mere 1.5% of all global foreign exchange transactions. This case describes the measures introduced by the Chinese government to promote the use of the renminbi (RMB) in cross-border trade, financing and other internationalization initiatives, as well as the associated challenges.