In this issue:

- Foreword

- Executive summary

- Part 1: The big picture

- A&O view: Coming to China and carrying renminbi

- Part 2: Why paying in RMB is paying off

- A&O view: Renminbi funding comes of age

- Part 3: Strategic shifts

- A&O view: Hub(ble) bubble – Middle East and Africa’s pitch for renminbi business

- Part 4: The obstacle course

- A&O view: Hedging – The shape of things to come

- About the survey

- Appendix: Case studies

- Danfoss: A playbook for the Shanghai Free-Trade Zone

- A rare breed: Daimler’s panda bond

- Milk runs

- Hutchison Whampoa: the chicken and the soup

- Zurich’s slow dance to the RMB world

- Jaguar Land Rover: Run-of-the-mill RMB

- An excerpt from Foreword.

While the currency’s internationalisation has been well documented, less has been presented on what its rise means for multinationals, and how it is being successfully incorporated into corporate strategies. I am therefore delighted to present this paper, which we have commissioned from the Economist Intelligence Unit to address this gap.