Opinion: Taiwan will never be a renminbi hub
Taiwan may have ambitions of becoming an offshore renminbi trading centre – with China fanning the flame – but Taiwan shouldn’t bet on it transpiring.
Improving political and business relations between Taiwan and China has fuelled Taiwan’s well-publicised aspirations of becoming an offshore renminbi hub, but existing political rifts, competition from better-placed financial centres and China’s own agenda indicate that it will not achieve this status.
Taiwan has been the centre of attention in ...Already a subscriber? Login