As from 2012, the International Monetary Institution (IMI) of the
Renmin University of China publishes annual reports on the
internationalization of RMB. This series of annual reports create
and publish the RMB Internationalization Index (RII). Besides, they
focus on one topic in each year's report. This book focuses on the
offshore RMB markets. It studies several major international
currencies' historical developments to summarize theoretical
implications between currency internationalization process and its
offshore market development. It reviews the recent development of
RMB offshore markets, identifies key opportunities and challenges,
and proposes some suggestions to policy makers and market
practitioners. The RII will continue to rise as the RMB plays a
more and more important role in international trades and financial
transactions. The establishment and development of RMB offshore
markets will facilitate the internationalization process of the
RMB.
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