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<Research> Citi: "Golden Window" for RMB Internationalization May Be Opening
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Citi published a report stating that, driven by geopolitical shifts and the increase in RMB payment settlements, a "golden window" for RMB internationalization may be opening. Of particular note is the use of RMB in oil trade the so-called "Petroyuan" which could become a marginal accelerator. At the same time, Citi highlighted persistent obstacles, pointing out that offshore institutions' holdings of onshore RMB assets have yet to return to their 2021 peak. Merely regaining lost ground would itself represent a meaningful step. The bank believes that renewed momentum in promoting the global use of the RMB could create a structural bias toward RMB appreciation. (ad/u) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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