Implication of yuan’s coming inclusion in SDR

IT is now just a formality issue for the yuan to be included in the special drawing right. This will not trigger an immediate global asset reallocation, but the impact could be gradual, long-lasting and ...

Zhu Haibin | November 19, 2015, Thursday

Yuan-based trade starts in Frankfurt

TRADING in yuan-denominated securities started on the Frankfurt stock exchange yesterday, hailed as the first such market outside China. The platform, first announced during Chancellor Angela Merkel’s ...

November 19, 2015, Thursday

China welcomes IMF’s yuan statement

CHINA’S central bank welcomed on Saturday a statement by Christine Lagarde, managing director of the International Monetary Fund, on the body’s quinquennial review of the Special Drawing Rights basket ...

November 16, 2015, Monday

Seeing double over yuan

An employee of China Banknote Printing and Minting Corp compares a new edition of 100 yuan banknote (above) with the old one in Beijing. The People’s Bank of China will issue the new note, the third edition of the fifth series which was introduced in 1999, from tomorrow. The design of the new bill stays largely the same as the edition issued in 2005 when it was last changed, but has enhanced security features, the PBOC said. The 100 yuan note is the largest denomination of the Chinese currency. The old edition will stay in circulation following the new one. — Xinhua...

November 11, 2015, Wednesday

Yuan and Swiss franc direct trade

CHINA said yesterday that it will allow direct trading between the yuan and Swiss franc in the interbank foreign exchange market from today. The move will cut trading costs for China and Switzerland, ...

November 10, 2015, Tuesday

August new yuan lending declines

CHINA’S bank lending retreated in August, the central bank said yesterday, after a sharp rise in July when the government directed funds into the stock market. Newly extended yuan loans fell to 809.6 ...

Leng Cheng | September 12, 2015, Saturday

The Yuan to take up 10% of central banks’ reserves

THE yuan is expected to take up 10 percent of reserves at world’s central banks by 2025 as reserve managers look to diversify their portfolio, an HSBC survey has said. Thirty-five central banks, or 53 ...

Feng Jianmin | April 14, 2015, Tuesday

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