Pieced together, recent initiatives reveal RMB’s internationalisation Banks and corporates must quickly adjust to the continuing internationalisation of the renminbi – including the need for hedging strategies – according to speakers at the release of a report on the currency. Announcements over the past few weeks have highlighted the pace of reform. This includes the introduction of mutual recognition of mainland China and Hong Kong funds, the opening of the China International Payments System (CIPS) by end-2015, and MSCI and Vanguard's decision to include A-shares in their respective indices.
