Central Bank Digital Currencies (“CBDCs”) could well be one of the most profound developments of the 21st century. This article takes a look at the impact, motivations, and policy choices available to Central Banks and contrasts them with how China’s PBOC is proceeding.
China’s Digital Yuan Paves the Way for Global CBDCs Read More »
A global RMB is a strategic long-term policy goal for China, and a deep offshore market is a crucial prerequisite. As a key offshore RMB hub, Hong Kong will have to embrace supportive policy and build financial market infrastructure to bolster the RMB’s internationalization. This article takes a look at the potential levers available to both Hong Kong and Mainland authorities to advance this agenda.
The Rise of the Renminbi: Hong Kong’s Role as an Offshore RMB Hub Read More »