# Renminbi Internationalization

The Trust Deficit: Heng Swee Keat on Why China’s Financial Integration with Asia Hinges on Predictability

Singapore’s former Deputy Prime Minister Heng Swee Keat argues that China’s financial integration with Asia requires a foundation of trust and transparency rather than mere connectivity. He highlights Singapore, Hong Kong, and Shanghai as complementary hubs that can collectively channel China's massive savings into regional development.