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SHANGHAI: Internationalisation of China's yuan is market-driven, a monetary policy official of China's central bank said Tuesday, in a speech originally prepared for the central bank's deputy governor.
PETALING JAYA: Strong economic fundamentals and a resilient banking structure coupled with a cautious and orderly liberalisation strategy will be important factors towards a potential internationalisation of the ringgit, experts said.
Think Asian - By TAN SRI ANDREW SHENG
STUDENTS of yuan internationalisation tend to forget that the globalisation of Chinese currency happened much earlier with copper coins, which were first standardised and minted in the Qin Dynasty (260BC-210BC).
Another step in the further liberalisation of the currency market would be the internationalisation of the ringgit.
BEIJING: China's steps to control capital outflows and lingering expectations of further yuan depreciation are likely to impede the pace of yuan internationalisation, which has lost momentum over the last two years, international ratings agency Fitch said.
The next phase of growth of the Islamic capital market would be characterised by greater internationalisation, which would see more product issuers and service providers expanding beyond their home market.
KUALA LUMPUR: Greater internationalisation will be a key element of the Islamic capital market as it continues to chart further progress in the coming decade.