Financial Times (January 17, 2012)
2012/ 01/ 17 by jd in Global News
“Great power shifts are accompanied by changes in the global reserve currency.” Might China eclipse London? Quite possibly, but not until the renminbi becomes fully convertible. “The reality is that the renminbi market will remain undeveloped so long as foreign holders remain heavily restricted in what they can do with their renminbi.”
Tags: China, Financial centers, Global reserve currency, Hong Kong, London, UK
