NTU partners China's central bank on Renminbi research
Singapore's Nanyang Technological University (NTU) has partnered China's central bank, the People's Bank of China (PBOC), to launch a new research centre studying the demand and use of the Renminbi (RMB) in international markets.
In a press release, NTU said the new Centre for RMB Internationalisation Studies (CRIS) was launched at the Ritz Carlton in Beijing, China, on Tuesday (Mar 29). The centre will leverage the expertise in finance from NTU’s Nanyang Business School to train policy-makers and finance executives in RMB policies and internationalisation process, it added.
Located at NTU, the centre will be jointly managed by the PBOC’s China Centre for Financial Training and the Nanyang Business School.
Besides assessing the RMB’s impact on the world economy and trade, the new centre will also provide thought leadership on the RMB through conferences and forums for top finance leaders and policy-makers. It will share research papers and maintain a comprehensive economic and finance database for research and academic use.
"As an internationalised currency, the RMB will be able to offer a host of benefits to consumers, traders, banks, and businesses," NTU said.
"Central banks around the world will also be more willing to adopt the RMB as a reserve currency and it can be a favoured currency for international transactions, joining the league of major world currencies such as the US dollar and the Euro."
The new centre is supported by the Industrial and Commercial Bank of China (ICBC) Singapore, United Overseas Bank and the Monetary Authority of Singapore.
~News courtesy of Channel News Asia~
Singapore's Nanyang Technological University (NTU) has partnered China's central bank, the People's Bank of China (PBOC), to launch a new research centre studying the demand and use of the Renminbi (RMB) in international markets.
In a press release, NTU said the new Centre for RMB Internationalisation Studies (CRIS) was launched at the Ritz Carlton in Beijing, China, on Tuesday (Mar 29). The centre will leverage the expertise in finance from NTU’s Nanyang Business School to train policy-makers and finance executives in RMB policies and internationalisation process, it added.
Located at NTU, the centre will be jointly managed by the PBOC’s China Centre for Financial Training and the Nanyang Business School.
Besides assessing the RMB’s impact on the world economy and trade, the new centre will also provide thought leadership on the RMB through conferences and forums for top finance leaders and policy-makers. It will share research papers and maintain a comprehensive economic and finance database for research and academic use.
"As an internationalised currency, the RMB will be able to offer a host of benefits to consumers, traders, banks, and businesses," NTU said.
"Central banks around the world will also be more willing to adopt the RMB as a reserve currency and it can be a favoured currency for international transactions, joining the league of major world currencies such as the US dollar and the Euro."
The new centre is supported by the Industrial and Commercial Bank of China (ICBC) Singapore, United Overseas Bank and the Monetary Authority of Singapore.
~News courtesy of Channel News Asia~
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