renminbi internationalisation: the road ahead
the internationalisation of the renminbi has made significant strides，thanks in large part to the policies，programmes and infrastructure introduced by china over the years to promote the widespread usage of the currency.
further inroads could be made as the world’s second-largest economy continues to press ahead with renminbi internationalisation，supported by external factors such as rising interest rates and the diversification of currency reserves. as demand for renminbi use picks up pace，forward-thinking companies should position themselves to capitalise on the opportunities as they arise.
attractive financing costs in renminbi
amid elevated interest rates，the renminbi is proving to be a significantly cost-effective option for financing compared to the usd. we have observed financial institutions (fis) pivot towards the renminbi for financing and bond issuances，while corporate clients are also turning to the renminbi for their financing needs.
