Offshore Rmb needs clearer guidelines

Author: | Published: 18 Nov 2010

The offshore renminbi market in Hong Kong will not mature without clearer regulations.

Speaking at IFLR’s Asia Capital Markets Forum, Linklaters’ capital markets partner William Liu said a lack of written regulatory standards from the People’s Bank of China (PBOC) and other regulators was the biggest challenge to developing the offshore market.

Without set standards, issuers are forced to talk to individual regulators...