RMB Internationalisation Report 2022

In its fifth consecutive year now, The Asian Banker evaluates the demand and usage of the RMB in cross-border trade, payment, investment and financing. The report includes a survey of 2,546 executives from three groups of institutions, which comprise of companies and enterprises based in China (Chinese companies), companies and enterprises based outside of China (overseas companies), and financial institutions (FIs) around the globe.

Publication date:

October 2022

The report includes:

1.Emerging opportunities to promote the use of RMB in 2022

2.Use of RMB in cross-border trade andinvestment

3.Status, impacts and changes of onshore RMB capital market

4.Development of RMB in ASEAN countries and CEP member countries

5.Development of offshore MB centres

6.Emerging opportunities, challenges and prospects of MB internationalisation

  • 1. Emerging opportunities to promote the use of RMB in 2022
    • 1.1  The significant increase in the international use or Rub
    • 1.2  The impact of macro policies related to RMB
  • 2. Use of RMB in cross-border trade and investment
    • 2.1  Use of RMB-based cross-border products
    • 2.2  Use and status of RMB in cross-border trade
    • 2.3  Use and status of RMB in cross-border direct investments
    • 2.4  Overseas MB assets holdings
    • 2.5  RMB cross-border payment and settlement
  • 3. Status, impacts and changes of onshore RMB capital market
    • 3.1  Further opening of China's financial markets
    • 3.2  Key channels to access China's capital market
    • 3.3  Developments in MB currency exchange transactions
    • 3.4  Developments in RMB-denominated derivative marke
  • 4. Development of RMB in ASEAN countries and RCEP member countries
    • 4.1  Use of Rub cross-border products in ASEAN countries and REEf member countries
    • 4.2  The use of RMB in transactions with ASEAN and REP regions
    • 4.3  The entry of ASEAN and RCEP financial institutions into the Chinese market
  • 5. Development of offshore MB centres
    • 5.1  Use and change of RB offshore deposits
    • 5.2  Developments in RIB financing in offshore market
    • 5.3  Development of offshore RMB wealth management market
    • 5.4  Use and change of primary offshore RMB centres
    • 5.5  Consideration when choosing a partner bank for MB transactions
  • 6. Emerging opportunities, challenges and prospects of MB internationalisation
    • 6.1  Main factors affecting the use of RMB
    • 6.2  Impact of the pandemic
    • 6.3  Development of RMB-denominated green finance
  • International companies that want to gain insights into how companies are leveraging the RMB for cross-border operations
  • Chinese companies to understand how peers are navigating the complexities of cross-border transactions using RMB
  • Global financial institutions that want to  stay updated on the evolving role of RMB in the global financial landscape
  • Policy makers and regulators that are interested in the latest trends in RMB usage in international trade and finance
  • Investment analysts that want to understand RMB's role in global markets

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