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FINA Committee Report

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A NORTH AMERICAN RENMINBI HUB: CANADA AS THE LEADER

CHAPTER ONE: INTRODUCTION

On 17 February 2015, the House of Commons Standing Committee on Finance started a study on the Canadian renminbi (RMB) hub. Over the course of four hearings, the Committee heard from 15 organizations and one individual.

Chapter Two describes the global use of the RMB and the management of the RMB by the Chinese government, and presents the witnesses’ views on these issues, while Chapter Three provides information on offshore RMB hubs, and summarizes the witnesses’ views on the Canadian and other RMB hubs. Finally, Chapter Four presents the witnesses’ views on some expected impacts of the Canadian RMB hub.