Hk Helps Rmb's Global Rise

Nation's opening-up of bond market and liberalization gives impetus to currency's internationalization efforts

Hong Kong has made significant contributions to the renminbi internationalization effort in the past two decades, with the city's mature, robust financial system acting as a lever in the process.

The central government's push to make the renminbi a global currency comes in three phases - using the renminbi for trade settlement, for investment and as a reserve currency.