In aspiring to be a renminbi trading hub, Australia has three advantages: major bilateral trade flows with China, a sophisticated financial system desperate to export its expertise to the world, and since 2013, the ability to directly trade Australian dollars for renminbi with a central bank’s currency swap to provide liquidity.
– Vivianne Arnold in Tuesday April 22 print edition of Singapore’s premier business newspaper, The Business Times. The full op-ed is here.
Download the CIFR Research Report on the Internationalisation of the Renminbi here.
Vivianne scored a selfie with celebrity economist Barry Eichengreen! Now she needs one with Nouriel Roubini to complete her collection.
“China 
is Australia’s largest trading partner, and it may give Australian companies a competitive advantage to be able to offer invoicing and trade finance in RMB.”
– Vivianne Arnold
Vivianne Arnold, CEO and co-founder at Franklin Phillips, said “we have found varying confidence and ability of trade sales and distribution teams across Asia. There are pockets of strong trade sales confidence and equally impressive cross sell into other banking solutions. Unfortunately this is not consistent across the region with some key markets failing to achieve a high level of trade financing knowledge, resulting in a lack of self-assurance that leaves potential and current clients underserved and revenue not realized.
“Australia’s success as a trading nation is vitally dependent on the expertise of trade financiers and the quality of their products and services. But we’re fast running out of top talent as executives near retirement age.”
– Vivianne Arnold
franklinarnold.com 