Risks lie ahead for China's internationalisation of renminbi, warn IMF, PBoC and HKEx officials

renminbi-2011

Senior financial sector officials warned of the considerable risks that need to be navigated to secure the successful internationalistion of the renminbi at an event hosted by the China Daily in Hong Kong today.

A panel including the chief executive of the Hong Kong Exchanges and Clearing, Charles Li, discussed how Hong Kong could be at the centre of internationalisation of the renminbi and act as a trial base for China to further internationalise its currency while also outlining the key risks