• Mon
  • Apr 21, 2014
  • Updated: 9:59am

Yuan

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.

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.

Monday, 14 April, 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

Yuan still rising based on real effective exchange rate, ministry says

Despite the yuan's depreciation against the US dollar in recent weeks, its real effective exchange rate - more closely linked to the trade situation - remained on the rise, Commerce Ministry spokesman Shen Danyang said.

19 Mar 2014 - 5:10am 1 comment

Shanghai official's vow on imminent freeing up of yuan a bone of contention

When will China fully liberalise the red-hot yuan? Even the central bank of the world’s second-biggest economy may not really have a clue, with senior officials locked in a debate over when foreign exchange controls should be lifted.

19 Mar 2014 - 5:19pm 9 comments

What exchange rate policy?

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

Investors warned of more fluctuations in yuan

The mainland's foreign exchange chief has warned investors to expect more fluctuations in the value of the yuan as the currency moves towards a more market-based trading system and said current price moves were not large.

4 Mar 2014 - 6:53am

The yuan is falling, but only because Beijing wants it to

It is hard to fathom quite why so many people have been surprised by the recent fall in the value of the yuan. Over the past couple of weeks, the mainland currency has fallen 1.3 per cent against the US dollar.

3 Mar 2014 - 7:15am 1 comment

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

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 that a sharp depreciation of the yuan in recent days, including the biggest intra-day fall since 2007 yesterday, is policy-driven ahead of an anticipated widening of the unit's daily trading range.

1 Mar 2014 - 5:55am

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