" class="no-js "lang="en-US"> Integrating the Great Wall with Global Capital Markets - Fintech Finance
Saturday, December 09, 2023

Breaking News

US blockchain company, Constellation Network, Welcomes Leading Experts from Top Enterprises and U.S. Government Agencies to their Enterprise Advisory Board. JustPaid, AI-powered Finance Startup, To Launch Game-Changing GPT App In OpenAI’S GPT Store Eltropy Collaborates with Jack Henry’s Banno Digital Banking Platform Ledger partners with bolt to launch device protection for its industry-leading secure devices Nigeria: African Development Bank and FSDH Merchant Bank sign $20 million Trade Finance Agreement to support Small and Midsize Enterprises (SMEs) and Corporates KOHO Raises an Additional C$86 Million in Funding and Surpasses One Million Users FreedomPay and Citi Retail Services Join Forces to Empower Consumers with Choice at the Point-of-Sale with Citi Pay OTP Bank, one of the leading banking groups in Central and Eastern Europe chooses eMACH.ai based complete Digital Core and Lending platform to transform their banking experience Pontera Raises $60 Million to Help US Workers Retire Better Bringing cash to ecommerce: Online retailers set to effortlessly accept cash payments with Monavate and Kasssh Swift enables global trade interoperability in successful trials Proxymity and State Street go live with Vote Connect in Spain and Portugal Provenir appoints industry veteran Mark Collingwood as Vice President, and Regional Leader of UK, Ireland and the Nordics Meanwhile Group Unveils First Bitcoin Private Credit Fund Worldpay from FIS Shares Tips to Keep Marketplace Merchants Safe from Fraud this Holiday Season

Integrating the Great Wall with Global Capital Markets

Celent has released a new report titled RMB Internationalization: Integrating the Great Wall with Global Capital Markets. The report was commissioned by the Depository Trust & Clearing Corporation (DTCC) and was written by Arin Ray, an Analyst with Celent’s Securities & Investments practice.

China has made significant progress in its bid to internationalize its currency, the Renminbi. Several policy and market structure changes implemented by Chinese and other national regulators, as well as by some leading infrastructure providers, are shaping the RMB Internationalization journey.

RMB Internationalization offers numerous benefits to players in capital markets. Investment managers and hedge funds can gain easier and wider access to Chinese assets with high return and better risk management features.

The RMB Internationalization process also has some challenges; for example, rules and practices on issues relating to trading and settlement in China differ significantly from international standards. These issues create operational challenges at a firm level which result in inefficiencies for capital market firms, and hinder faster adoption of the RMB among international participants.

Developing capabilities to overcome local nuances will likely be operationally difficult and expensive for individual firms,” says Ray. “There is a clear need for more coordinated efforts among market participants at an industry level, and active engagement and coordination with regulatory authorities to resolve them.

  1. US blockchain company, Constellation Network, Welcomes Leading Experts from Top Enterprises and U.S. Government Agencies to their Enterprise Advisory Board. Read more
  2. JustPaid, AI-powered Finance Startup, To Launch Game-Changing GPT App In OpenAI’S GPT Store Read more
  3. Eltropy Collaborates with Jack Henry’s Banno Digital Banking Platform Read more
  4. Ledger partners with bolt to launch device protection for its industry-leading secure devices Read more
  5. Nigeria: African Development Bank and FSDH Merchant Bank sign $20 million Trade Finance Agreement to support Small and Midsize Enterprises (SMEs) and Corporates Read more
More On