Renminbi LCs could overtake euros by 2015
The issuance of renminbi letters of credit could surge in the next few years on strong trade redenomination rather than offshore-onshore arbitrage, believe experts.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts