• Sat
  • Nov 1, 2014
  • Updated: 1:12pm


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.

Review urged on future role of Hong Kong dollar

HSBC Holdings is calling for a review of the future role of the local currency, including possibly severing its link to the US dollar and switching it to the yuan instead, or even making the yuan the legal tender in the city.

Saturday, 1 November, 2014, 5:21am

Yuan hits its stride as offshore hubs catch up

Yuan payments worldwide soared to a record high last month, in the latest sign that the currency is fast spreading out of China as other global financial hubs catch up with Hong Kong in yuan trade.

31 Oct 2014 - 6:04am

Yuan milestone as onshore direct trade with Singapore dollar starts

The yuan will start onshore direct trading with the Singapore dollar today, a milestone in Beijing's ambition to globalise its currency and offering cost savings that should make the yuan more popular in Southeast Asia.

28 Oct 2014 - 5:42am

China’s overseas investment schemes set to boost yuan

The mainland is studying pilot schemes that will allow domestic investors to make overseas investments using the yuan, a move that could pump fresh oxygen into the stagnant offshore yuan pool.

28 Oct 2014 - 3:58am

Sydney expected to get yuan clearing bank soon

Beijing is set to accelerate plans to boost the international use of yuan by concluding pacts with key regional trading partners Australia and Singapore.

25 Oct 2014 - 3:41am

China speeds up transformation of yuan into global currency after crisis

As US long bond yields dip below 2 per cent, we are reminded once again that when the world gets nervous, the United States government's funding costs get cheaper.

21 Oct 2014 - 8:15pm 3 comments

Cross-border yuan payment platform next challenge for Beijing

Launching a long-awaited cross-border yuan payment platform is one of the next challenges Beijing needs to tackle given the complexity in settling yuan trades and as offshore dealing in the currency swells.

20 Oct 2014 - 5:05am

Chinese banks boost new loans amid credit easing

16 Oct 2014 - 11:40am

Beijing's political ties crucial to liberalising the yuan

When Xi Jinping touches down in a foreign capital, the odds are that he will pull out of his suitcase a currency deal that host countries will eagerly sign on to as the president furthers Beijing's goals for the internationalisation of the yuan.

13 Oct 2014 - 4:59am

Bailiwick of Jersey keen to be part of global renminbi family

Another jurisdiction in Europe is mulling joining the race for a slice of the growing global yuan business pie - the Bailiwick of Jersey, an island sitting between Britain and France.

13 Oct 2014 - 4:13am

Yuan proves to be a bulwark against strong US dollar in Asia

A stronger US dollar has historically caused fund managers to flee emerging-market assets but Asia seems to be bucking the trend this time, largely because of the yuan.

9 Oct 2014 - 5:55am

Mainland Chinese banks eye Luxembourg as euro zone hub

Luxembourg is rapidly growing as a channel for Chinese financing and investments flowing into the European Union.

6 Oct 2014 - 4:10am

City's offshore yuan pool under threat from trade discount

Hong Kong's offshore yuan pool risks drying up as offshore paper trades at its widest discount in more than two years, prompting mainland importers to avoid coming to Hong Kong to settle their cross-border trades.

6 Oct 2014 - 4:10am

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.

30 Sep 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