About HKTDC | Media Room | Contact HKTDC | Wish List Wish List () | My HKTDC |
繁體 简体
Save As PDF Print this page

Glossary: Offshore Rmb centre

Photo: Glossary: Offshore Rmb centre
Photo: Glossary: Offshore Rmb centre

Offshore Rmb centre is a Rmb market outside China where non-mainland Chinese companies, institutions and residents can trade the currency and settle trade deals easily. Since 2004 when Rmb business was first launched in Hong Kong under the authorisation of the People's Bank of China (PBOC), expansion of the business has been fast in both scope and volume. With strong support from the Central People’s Government, Hong Kong has developed  as a major offshore Rmb centre.


Related country and region: China, Hong Kong

Related section: RMB Business

Related terms: Rmb internationalisation, Rmb trade settlement

Related articles:



back to glossary list

Content provided by Picture: HKTDC Research
Comments (0)
Shows local time in Hong Kong (GMT+8 hours)

HKTDC welcomes your views. Please stay on topic and be respectful of other readers.
Review our Comment Policy

*Add a comment (up to 5,000 characters)