The yuan is poised to recover from declines that have made it Asia's worst-performing currency as Beijing seeks to prevent an exodus of capital that would threaten economic growth, according to the most accurate forecasters.Wednesday, 9 April, 2014, 1:40am 6 comments
The yuan was set to complete the biggest quarterly decline in two decades after the mainland's central bank widened the currency's trading band amid concern growth in the economy is losing momentum.1 Apr 2014 - 1:20am
The yuan will achieve full convertibility earlier than expected as Beijing pushes forward reforms, but its global path will not be an easy one as slower economic growth and debt problems pose policy challenges, HSBC said.28 Mar 2014 - 1:40am
Analysts have built entire careers analysing and re-analysing the mainland and its economy. They make predictions, get proven wrong and move on to the next topic.11 Mar 2014 - 5:09am 5 comments
While the recent drop in the value of the yuan might seem good news for mainland exporters, few welcomed it.
More volatility is expected to come, as Beijing gives the currency more latitude to fluctuate.6 Mar 2014 - 1:02am
The yuan has recently been something of a safe haven among emerging market currencies, yet market players have learned from a bloody lesson over the past week that it is no longer an easy, one-way bet.
A sharp fall against the US dollar both onshore and offshore made the yuan the worst performing currency within emerging Asia this month.3 Mar 2014 - 4:52pm 4 comments
The British and Chinese governments are in "active discussions" to appoint a clearing bank in London, a move seen as further eating into Hong Kong's market share of the offshore yuan business and cementing the Western city's leading position in the global offshore yuan hub race.21 Feb 2014 - 3:19pm
China’s economic growth slowed in the final three months of last year to 7.7 per cent, the weakest quarter since 2009, but still way too fast to allow for the restructuring that the country urgently needs.25 Jan 2014 - 3:21am 6 comments
Of the 160 countries that settled payments with Hong Kong and the mainland last month, 47 had at least 10 per cent of their transfers made out in the yuan, according to SWIFT, a global member-owned co-operative servicing financial institutions.23 May 2013 - 4:44am
The yuan traded within 0.2 per cent of a 19-year high yesterday, amid speculation capital inflows would spur appreciation. China might face "large scale" inflows of speculative funds in the next few years, which would drive asset prices higher and push up consumer prices, Su Ming, deputy head of the Ministry of Finance's research institute for fiscal science, said in an article published yesterday in People's Daily. New-home prices rose last month in 68 of 70 cities tracked by the government, data showed on Saturday.21 May 2013 - 4:25am