Co-head, global markets, HSBC
The RMB market is like a sound wave: the further you are away from its centre the weaker its amplitude is. People in Asia are already comfortable with the renminbi – day to day they see its flows and hear about it on the news. The challenge is to get those in Europe and the US on board also. Today, if you go to London or New York the amount of news about China or its currency diminishes exponentially.
If we want to make RMB a global currency then p