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Infographic: The Global Rise of The Yuan

2013-02-25 12:05 ET - News Release

CHICAGO, Feb. 25, 2013 /PRNewswire/ -- As China's economy becomes increasingly integratedwith the rest of the world, it is a natural trend for its currency, the renminbi (RMB), to be more widely used in trade and investment. However, RMB in China has traditionally been a closed market with strict capital controls where currencies could not be delivered offshore. That has changed in recent years. In 2010, China launched a pilot program for RMB trade settlement through banks in Hong Kong. The Chinese government has a publicly stated ambition of internationalizing the RMB and putting RMB on track to be one of the world's reserve currencies. The introduction of off shore renminbi (CNH) is one of the major steps taken by the Chinese government in this direction.

(Photo: http://photos.prnewswire.com/prnh/20130225/AQ65562-INFO)

To read the full post go to: http://openmarkets.cmegroup.com/5279/infographic-the-global-rise-of-the-yuan

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As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the world's leading central counterparty clearing providers, which offers clearing and settlement services across asset classes for exchange-traded contracts and over-the-counter derivatives transactions. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk.

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SOURCE CME Group

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