.jpg&c=1&h=180&q=80&v=20250426&w=320 "Derisking the renminbi: key factors in hedging the Chinese currency")
One country, three currencies: when should you trade Rmb onshore?
The renminbi is traded in two markets – onshore and offshore. For corporate treasuries, there’s a case to be made for trading in both.
For China, it’s always been a case of having its cake and eating it too. While Beijing wants to keep control of its domestic currency, it also wants to promote the use of the renminbi in international trade settlement.
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