Development of the Renminbi Market in Hong Kong SAR : Assessing Onshore-Offshore Market Integration »
Series: IMF Working Papers
Author(s): R. Craig , Changchun Hua , Philip Ng , and Raymond Yuen
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 17 June 2014
Keywords: capital controls, offshore financial markets
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 pape...