Swift-2018人民币国际化展望-跟踪特别报告（英文）-2018.1-20页

RMBTrackerJanuary2018RMBinternationalisation:Whereweareandwhatwecanexpectin20182Foreword31.Lookingbackat20176A.BeltandRoadInitiative–Moretocome6B.BondConnect–AmajorbreakthroughofChina’sonshorebondmarket6C.RMBasareservecurrency–Notsignificantyet7D.Digitalacceleration–Impressivepace72.2017bythenumbers8A.Topoffshorecentresrankings–HongKongsuperintermediary8B.Currencyactivityshare–It’sstilladollarisedworld9C.RMBintheFXMarket–Morethanpromising103.TransactingwithChinaandHongKong124.Whatcanweexpectin2018?14ContentsNotetothereaderPleasenotethatRMBandCNYarementionedinthisanalysis.Therenminbi,RMBintheshortform,istheofficialcurrencyofthePeople’sRepublicofChina.Theyuanisthebasicunitoftherenminbi,butisalsousedtorefertotheChinesecurrencygenerally.CNYistheISOcodeforrenminbi.SWIFTLeahC