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  1. Business - Banking & Finance - CURRENCIES

    Yuan decades away from being global reserve currency

    Posted Apr 11th 2014, 10:18am by Victoria Ruan

    ... observers say the mainland currency has more often been chased by speculators than serving as a US dollar-type "safe haven". The central government has made clear its ambition to boost ... to further liberalise the market, before the yuan can become a global reserve currency. They estimate the process could take decades. Beijing has signed bilateral swap deals and set up offshore yuan ...

    http://www.scmp.com/business/money/article/1475607/yuan-decades-away-being-global-reserve-currency
  2. Business - Banking & Finance

    Central banks' investment in yuan puts currency nearer reserve status

    Posted Apr 07th 2014, 04:38am by Jeanny Yu

    ... Jeanny Yu in Singapore jeanny.yu@scmp.com Investment by dozens of central banks comes despite currency not being fully convertible Yuan moves fast on path to reserve status, says StanChart At least 40 central banks have invested in the yuan and several others are preparing to do so, putting the mainland currency on the path to reserve status even before full convertibility, Standard ...

    http://www.scmp.com/business/banking-finance/article/1466621/central-banks-investment-yuan-puts-currency-nearer-reserve
  3. Business - Banking & Finance - CURRENCIES

    Delayed payments system stalls yuan’s global ambitions

    Posted Jul 09th 2014, 11:18am by Reuters

    ... quest to turn the yuan into a full-fledged global currency has hit a roadblock, as the planned roll-out of a worldwide payments superhighway looks certain to be delayed by policy snags ... the currency's use. A spate of agreements on yuan clearing with financial centres in Europe and Asia signed over the past month or so highlighted the importance of such a system for those ambitions. Yet ...

    http://www.scmp.com/business/banking-finance/article/1550191/delayed-payments-system-stalls-yuans-global-ambitions
  4. Business - Banking & Finance

    Yuan overtakes euro to become second-most used finance currency

    Posted Dec 04th 2013, 05:27am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Yuan takes No 2 spot in trade finance The yuan has surpassed the euro to become the second-most commonly used currency in global trade finance, after the US ... yen. "The [yuan] is clearly a top currency for trade finance globally and even more so in Asia, as shown by Swift's business intelligence statistics on the pace at which China's ...

    http://www.scmp.com/business/banking-finance/article/1372353/yuan-overtakes-euro-become-second-most-used-finance
  5. Business - Banking & Finance - MONETARY POLICY

    Beijing to reduce intervention in yuan when time is right, PBOC chief says

    Posted Jul 10th 2014, 03:07pm by Kwong Man-ki

    ... and supply will play a bigger role in determining the exchange rate, expanding its floating range and increasing the flexibility of the currency," People's Bank of China governor Zhou ... to disclose when and why it intervenes in the currency markets. Finance Minister Lou Jiwei said on Wednesday it would be difficult for China to pledge not to intervene, as the global economy ...

    http://www.scmp.com/business/banking-finance/article/1551060/beijing-reduce-intervention-yuan-when-time-right-pboc-chief
  6. Business - Economy

    Yuan slips in ranking as a world currency

    Posted Oct 09th 2013, 12:00am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Yuan slips in ranking as a world currency Inbound and outbound yuan payments by entities outside of Hong Kong and the mainland fell to a four-month low in August, as fewer people chose to settle deals using the currency, especially in London and Singapore, according to financial clearing firm SWIFT. The yuan lost ground to the Thai baht to rank ...

    http://www.scmp.com/business/economy/article/1327559/yuan-slips-ranking-world-currency
  7. Business - Economy

    Not just about currency appreciation anymore

    Posted Sep 23rd 2013, 12:00am by Jasper Moiseiwitsch

    ... Jasper Moiseiwitsch jasper.moiseiwitsch@scmp.com Not just about currency appreciation anymore Most Hongkongers have experienced the yuan story in terms of their investments. Initially, ... biggest offshore yuan trading hub, and it quickly acquired all the accoutrements of a fully fledged currency market, including foreign-exchange futures, deliverable forwards, a yuan money market ...

    http://www.scmp.com/business/economy/article/1315534/not-just-about-currency-appreciation-anymore
  8. Comment - Insight & Opinion

    Currency reforms won't be stalled by yuan volatility

    Posted May 30th 2013, 12:00am by JU WANG

    ... Ju Wang Ju Wang assesses efforts to curb speculation amid the liberalisation drive Currency reforms won't be stalled by yuan volatility The renminbi has experienced increasing volatility in recent weeks in light of new regulations and strong inflows that have seen the currency touch record highs versus the US dollar. This highlights the interesting challenge faced ...

    http://www.scmp.com/comment/insight-opinion/article/1249133/currency-reforms-wont-be-stalled-yuan-volatility
  9. Comment - Insight & Opinion

    Fall in yuan can have upside, too as credit risk can be properly priced

    Posted Mar 01st 2014, 04:35am by SCMP Editorial

    ... SCMP Editorial Fall in yuan can have upside, too Beijing has served notice that speculation in the Chinese currency is no longer a one-way bet. The market is coming to terms with the fact ... range. As a result, the yuan was the worst performing currency in emerging Asia last month rather than the most attractive carry-trade bet, with the drop offshore forcing many investors to close ...

    http://www.scmp.com/comment/insight-opinion/article/1437611/fall-yuan-can-have-upside-too-credit-risk-can-be-properly
  10. Business - Comment - MONITOR

    Currency warmongering as out of place as the real thing

    Posted Mar 08th 2013, 12:00am by Tom Holland

    ... bomber planes and battle tanks weren't bad enough, Chinese officials have recently raised the volume of talk about a currency war with Japan. Last week People's Bank of China deputy ... went a step further, warning Japan against "treating the neighbours as your garbage bin and starting a currency war". What's got their goat is the 13 per cent fall ...

    http://www.scmp.com/business/article/1185769/currency-warmongering-out-place-real-thing

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