RMB internationalisation moves on as regulators provide OBOR support

Carrie Hong

August 26, 2015 09:15 am

beijing_China_230px — BEIJING - JUNE 11: Tienanmen Gate (The Gate of Heavenly Peace), the main entrance to Forbidden City June 11, 2012 in Beijing, China | air - Fotolia

The turbulence in China’s equity and currency markets has led to some doubts about the continuing internationalisation of the renminbi. But China’s regulators are not having second thoughts and have released new guidance supporting the “One Belt One Road” (OBOR) scheme.

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Carrie Hong