Development of the Renminbi Market in Hong Kong SAR : Assessing Onshore-Offshore Market Integration /

Offshore use of the renminbi expanded rapidly in Hong Kong SAR as China sought to develop an international role for its currency while maintaining capital controls. This prompts two questions addressed in this paper: How far advanced is renminbi internationalization? And, what role does Chinese capi...

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Bibliographic Details
Main Author: Craig, R.
Other Authors: Hua, Changchun, Ng, Philip, Yuen, Raymond
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2014.
Series:IMF Working Papers; Working Paper ; No. 2013/268
Online Access:Full text available on IMF