Four BRI countries get direct access to onshore FX market

Paolo Danese

January 05, 2018 10:45 am

renminbi counting 230px — FILE - In this Aug. 26, 2015 file photo, a bank clerk counts renminbi banknotes in a bank branch in Huaibei in central China's Anhui province. A series of bungled decisions have escalated doubts about Beijings economic stewardship. (Chinatopix via AP, Vile) CHINA OUT | Uncredited/AP/Press Association Images

China has relaxed access to the onshore renminbi (CNY) foreign exchange market for overseas banks based in Cambodia, Kazakhstan, Mongolia and Thailand, all countries that fall under the Belt and Road initiative, GlobalRMB has learned.

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Topics

China Regulation and Policy Mongolia FX China Central Asia Asia Regulation Greater China Southeast Asia Northeast Asia China Asean Asia Pacific EM People and Markets China People and Markets CEE Regulation Cambodia People and Markets Kazakhstan Emerging Markets Thailand Asia

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Paolo Danese