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Analysis

Overview of the Renminbi Liaison Network

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OMFIF has been at the forefront of initiatives to track the growing international use of the renminbi in both official and private sector transactions. This has been coupled with gradual moves towards ‘renminbi-isation’ of worldwide capital and commodity markets. As a service for official institutions, OMFIF has started the Renminbi Liaison Network to keep Global Public Investors up to date with latest developments and apprise them of future changes. 

The purpose of the RLN is to provide an informal and confidential information hub to enable GPIs to build up knowledge and improve practices in dealing with the renminbi as an increasingly important investment and transaction currency. The emphasis is on the collaborative and practical nature of the information exchanges, mainly involving public sector participants. The RLN’s work includes collating information on trading and investment practices and regulations, including developments in China’s capital account liberalisation; assembling balance of payments and other macroeconomic data; exchanging views on renminbi use in cross-border trade, investment and capital market transactions; updating procedures for clearing and settlement.

Request more information on forthcoming Renminbi Liaison Network meetings