The rise of the renminbi (RMB) heralds a major change in the global financial system and it is happening much faster than people think. Already the RMB is a top-10 global payment currency, one of the most actively traded foreign currencies, and even a de-facto reserve currency. The fast-changing regulatory landscape constantly opens new opportunities which could benefits your business. Acting nimbly can definitely make the RMB one of your competitive advantages.
To help you form an RMB strategy, The NeuGroup and Standard Chartered Bank in spring 2015 partnered to offer a series on one-day roundtable sessions to discuss topics most relevant to RMB internationalization and solutions to companies’ RMB needs. With three of the five-city stops complete, read how other proactive US multinationals have leveraged these regulatory changes to give their corporations added efficiencies and in some cases, the competitive edge in China.
Reports from the sessions are downloadable here (Chicago), here (New York) and here (Menlo Park).