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Prospects for RMB assets in a multipolar world

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Amid geopolitical tensions, China's desire to promote RMB internationalisation has become more acute - particularly in a dollar-centric global financial system.

THE RMB continues to make inroads towards internationalisation, having steadied itself since the 2015 "Aug 11" exchange rate reform which triggered significant capital outflows. Its use has risen to around 40 per cent of China's foreign transactions - surpassing the peak in 2015 - while the RMB...

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