CNH

The currency of the People's Republic of China (PROC), when it is traded offshore.

The yuan is a heavily regulated currency but as part of the process of internationalising the currency the Chinese authorities have allowed a market in offshore deposits to develop.

The currency traded offshore is known as the renminbi CNH whereas the onshore currency is known as the renminbi CNY.

See also

• Dim sum bond
• Offshore
• Onshore
• The RMB takes centre stage: the internationalisation journey
• Yuan renminbi