Fung, Hung-Gay; Tzau, Derrick; Yau, Jot - In: Chinese Economy 46 (2013) 2, pp. 6-28
China, the second-largest economy in the world after the United States, has started the process of internationalizing its currency, the renminbi (RMB), to make it a global reserve currency. To this end, an offshore market for RMB-denominated bonds (dim sum bonds) has been established in Hong...