https://www.scmp.com/rss/322535/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com China appears likely to speed up promotion of the International Monetary Fund’s special drawing right under a plan to establish a platform this summer for SDR borrowing by Chinese and foreign entities on its onshore capital market. The initiative will help fulfil several strategic Beijing monetary and economic objectives. These include boosting international acceptance of the renminbi, which enters the IMF’s composite currency unit in October with a weighting of around 10.9 per cent, joining the... https://www.scmp.com/comment/insight-opinion/article/1938560/inclusion-renminbi-may-spur-wider-use-imf-currency-unit?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1938560/inclusion-renminbi-may-spur-wider-use-imf-currency-unit?utm_source=rss_feed Tue, 26 Apr 2016 05:06:18 +0000