Fulfilling Germany's RMB ambitions: Bundesbank's Nagel talks to GlobalRMB

The development of Frankfurt as an offshore renminbi business hub has leapt ahead in 2014, with the appointment of an official clearing bank, the first offshore RMB bond issues settled and listed in the city and the granting of an RQFII quota of Rmb80bn. Joachim Nagel, member of the executive board of the Deutsche Bundesbank, with responsibility for information technology and markets, talks to GlobalRMB about the progress already seen and his expectations for the future.