The RMB Handbook: Trading, Investing and Hedging

The Chinese government has introduced a host of new measures to free the currency, making its intention clear: to make RMB a fully convertible currency and one of the major reserve currencies alongside the US dollar. The RMB Handbook provides a comprehensive guide to the evolution of RMB, examining the issues relating to trading, investing and hedging of the Chinese renminbi against other currencies. Emphasis is placed particularly on the practical problems and solutions for investors, hedgers, traders, and speculators. The book is divided into six main sections: Background on the Chinese economy, banking system and capital market Background on the Chinese RMB Onshore FX Instruments and Market Offshore FX Instruments and Market Practical issues related to renminbi trading, hedging, and investment Future Developments The RMB Handbook is an essential guide for those who need to know exactly how they can capitalise on the restrictions being lifted, and how they can use financial instruments linked to RMB. After reading the Handbook, readers will be able to trade, invest and hedge Chinese renminbi. Practitioners such as traders, portfolio managers, research analysts, risk managers, treasurers, and finance directors wanting to stay ahead of the game will be brought completely up-to-date regarding the history, regulation, practice and future progress of the increasingly crucial RMB.