(China Alert) SDR inclusion: Real and exploitable implications

·IMF SDR inclusion cements the RMB as a fixture in global markets ·First-movers will be best-positioned to capture structural change ·China’s reform agenda is becoming increasing irreversible Update: The IMF yesterday announced the RMB’s inclusion into the Special Drawing Rights (SDR) basket with a weighting of 10.9%. This move is of little surprise, understated magnitude […]