The Renminbi’s Changing Status and the Chinese and Hong Kong Financial Systems is based on a collection of papers presented at the conference “The Renminbi’s Changing Status and the Chinese and Hong Kong Financial System(s)” in August 2011. The book explores how China’s gradual capital account liberalization and the growing role of Hong Kong as a leading offshore centre for RMB will affect the international monetary system, the balance of international trade, the shape of the world’s banking system and securities markets, and the future monetary system of Hong Kong.
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