Trading with China: The rise of offshore Renminbi business report

MELBOURNE February 2011: The report released by Australian and New Zealand Banking Group and the Asia Society, highlights opportunities for business with internationalisation of Chinese Renminbi. Australian and New Zealand businesses need to position themselves for new opportunities associated with the Chinese Renminbi (RMB) as it transitions to an international currency, including the recent development of an offshore RMB market in Hong Kong.

Given the significance of Australia's economic relationship with China, the internationalisation of the RMB is of critical significance to Australia and to Australian business.