China has achieved remarkable growth in the past two decades and its trade and investment linkages with the world have greatly increased. As China’s economy becomes increasingly integrated with the rest of the world, it is natural for its currency, the renminbi, to become more widely used in trade and investment activities. Since 2009, when the Mainland Chinese authorities launched a pilot scheme for renminbi trade settlement, the channels for the use of renminbi in crossborder transactions with Mainland China have expanded significantly. Today, all trade and other current account transactions between Mainland China and other parts of the world can be conducted in renminbi.
Renminbi money and forex markets include: Spot FX, Deliverable forwards and futures, FX options, FX swaps, Non-deliverable forward.
Key Features and Coverage on RIMES
For this data source, RIMES hosts 9 reference rates, including the HK RMB Deposit Rate (12 Month, 1 Month, 1 Week, 3 Month, 6 Month).
Some of the data items available include:
- Date of Portfolio, Description, Database Domain Code, Series Value, Database Source, Database Symbol