Bank of China HK calls for greater Rmb understanding.

The article offers information on the Bank of China in Hong Kong in China, which has urged overseas issuers to get better acquainted with the offshore renminbi products on offer. It states that according to Tony Wang, deputy general manager of global markets of the bank, the economic uncertainty in the Eurozone had provided a good reason for European and U.S. corporations to tap the offshore renminbi market, particularly for those who have large operations in mainland China. It mentions that he advised new entrants to the market to familiarise themselves with the currency and the policies that had been in put in place to-date to govern its internationalization.