• Thu
  • Aug 28, 2014
  • Updated: 6:55pm


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 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.

Friday, 8 August, 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

Is the market reform a true 'win-win' for Shanghai and Hong Kong?

On the mainland, the term "win-win" has been popular for quite some time, replacing the term "zero-sum" game we often heard during the Cold War era.

14 Apr 2014 - 7:51am 2 comments

Yuan decades away from being global reserve currency

Despite the significant progress Beijing has made in broadening global use of the yuan, observers say the mainland currency has more often been chased by speculators than serving as a US dollar-type "safe haven".

12 Apr 2014 - 1:42am 12 comments

Central banks' investment in yuan puts currency nearer reserve status

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 Chartered said.

17 Apr 2014 - 3:11pm

Does the yuan matter?

The mainland's currency policy is not worth the attention it is getting. It is not at all important compared with other market distortions in the Chinese economy, and it is not even very important in how China affects the world economy.

25 Mar 2014 - 2:13am 6 comments