• Thu
  • Oct 2, 2014
  • Updated: 2:23pm


The Chinese yuan, also known as the renminbi, is already convertible under the current account - the broadest measure of trade in goods and services. However, the capital account, which covers portfolio investment and borrowing, is still closely managed by Beijing because of worries about abrupt capital flows.

Yuan to start direct trading with euro today

The mainland will start direct trading between the yuan and the euro today as the world's second-largest economy seeks to spur global use of its currency.

Tuesday, 30 September, 2014, 5:33am

Take a lesson from the West, yuan boost won't spur growth

A 500 billion yuan injection from the People's Bank of China into the country's five biggest banks might not be enough to stave off an economic slowdown in the second half of the year.

28 Sep 2014 - 7:34am 8 comments

Surging yuan trade sees Russia tilt towards China

Vladimir Putin has a secret agent in his campaign to curb the impact of sanctions on Russia's economy: Mr Yuan.

26 Sep 2014 - 5:09am

ADB puts priority on stability in yuan internationalisation

The Asian Development Bank said Beijing probably will adopt a new model of currency internationalisation in which capital market development may not be as important as it has been in the past.

24 Sep 2014 - 6:13am

ICBC issues offshore yuan bond in Singapore

Industrial and Commercial Bank of China, the mainland's biggest lender, raised four billion yuan (HK$5.04 billion) through its Singapore branch in what would be the Lion City's biggest offshore yuan bond issuance.

17 Sep 2014 - 5:39am

HKMA lobbies Beijing to lift cap on yuan conversion

The Hong Kong Monetary Authority is lobbying Beijing to lift the cap on the amount of yuan local residents can convert.

16 Sep 2014 - 3:24am

Use of yuan in cross-border mainland China trade hits 3-month low

Only 16 per cent of the mainland's cross-border trades were settled in yuan last month, a three-month low, as companies continued to avoid the currency amid its uncertain outlook and rising volatility in the foreign exchange market.

13 Sep 2014 - 4:47am

Russia and China to boost bilateral rouble-yuan trade

Russia and China pledged yesterday to settle more bilateral trade in rouble and yuan and to enhance cooperation between banks, Russia's First Deputy Prime Minister Igor Shuvalov said.

10 Sep 2014 - 4:05am

Yuan jumps to 6-month high against US dollar

The yuan rose to a six-month high yesterday after its biggest single-day increase in the midpoint rate in four years following a record trade surplus for last month.

10 Sep 2014 - 4:05am 7 comments

Yuan convertibility on back burner as Beijing focuses on other reforms

Beijing is quietly pushing back its loose timetable to make the yuan freely convertible, policy insiders say.

8 Aug 2014 - 8:31am

China’s Big Four lenders have 1.5tr yuan gap in deposits

Tighter liquidity on the mainland may have driven a 1.5 trillion yuan gap in deposits at the country's Big Four banks between June and July, highlighting the lenders' practice of creating "artificial deposits" to skirt regulatory requirements.

6 Aug 2014 - 2:29am

France out to build on gains as yuan hub, consul general in Hong Kong says

France wants to expand its yuan business on the back of a strong trade relationship with China, while its financial firms are keen to offer yuan investment products, French consul general Arnaud Barthelemy said.

31 Jul 2014 - 6:38pm

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

China will increase the flexibility of the yuan exchange rate and reduce intervention when conditions are ready, its central bank chief said yesterday.

11 Jul 2014 - 12:47am

Delayed payments system stalls yuan’s global ambitions

China's 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 and technology challenges.

10 Jul 2014 - 11:43pm

Bank of China plans to launch yuan bonds in Luxembourg

Bank of China has returned to the market to raise funds and is marketing its first euro-zone-listed, yuan-denominated bond to be traded in Luxembourg.

9 May 2014 - 12:20am