As you want I am telling Standard Chartered Renminbi (RMB) Globalisation Index (Bloomberg: SCGRRGI <index>), or the RGI, fell 2.1% month-on-month to 2,120 in December. This brought the 2015 full-year change to -0.2%, the first annual contraction since the index came into existence in 2012. Bouts of Renminbi depreciation have spurred questions on how far the currency might weaken and, more importantly, whether Beijing remained willing and able to stablise the currency,

Standard Chartered Renminbi (RMB) Globalisation Index

Objective


The first industry benchmark that effectively tracks the progress of RMB business activity. Offers corporates and investors a quantifiable view of the latest trends, size and levels of offshore activity that are driving RMB adoption

Index Parameters


Deposits
Dim Sum Bonds and Certificate of Deposits
Trade Settlement & Other International Payments
Foreign Exchange Turnover

Markets


Hong Kong
London
Singapore
Taiwan
New York
Seoul
Paris

Investability


Non-tradable

Frequency


Monthly

Base value and date


100 at 31 December 2010

Inception Date


14 November 2012

Methodology


Weight of each of the four parameters are inversely proportional to their 24-month normalized standard deviations