Opinion: Taiwan will never be a renminbi hub

09 May 2012

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?

Continue reading this article

Try full access to GlobalCapital

Free trial