• Fri
  • Aug 1, 2014
  • Updated: 12:10am


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 slips in ranking as a world currency

Inbound and outbound yuan payments by entities outside of Hong Kong and the mainland fell to a four-month low in August, as fewer people chose to settle deals using the currency, especially in London and Singapore, according to financial clearing firm SWIFT.

Wednesday, 9 October, 2013, 5:38am

Traders bullish on yuan prospects

Yuan forwards signal that traders are the most bullish on the currency in a year as the mainland economy shows signs of improvement and a US government shutdown weighs on the greenback.

9 Oct 2013 - 5:38am

Pearl River manufacturers brace for stronger yuan

Italian car parts maker Util has seen the yuan appreciate considerably against the US dollar since it set up a factory in the Pearl River Delta six years ago.

30 Sep 2013 - 4:46pm

Yuan rise puts heat on Hong Kong dollar peg

With the rising use of the yuan in trade and investment, debate about the Hong Kong dollar's 30-year-old peg to the US dollar is intensifying.

30 Sep 2013 - 4:00am

Experts wary of roll-out for liberalisation

Market watchers remain sceptical about whether Beijing's targeted time frame for opening its capital accounts, a key step in the yuan's journey to global acceptance, is too soon.

30 Sep 2013 - 4:00am

Not just about currency appreciation anymore

Most Hongkongers have experienced the yuan story in terms of their investments. Initially, this was in the form of stockpiling vast amounts of yuan on deposit at banks at a low interest rate.

23 Sep 2013 - 4:03am

Economists expect 5pc gain against greenback

The yuan is expected to appreciate 5 per cent against the US dollar by 2015, a more gradual pace than in recent years, amid a slowdown in mainland economic growth and financial reforms designed to allow more two-way fluctuations in the exchange rate, economists say.

23 Sep 2013 - 4:03am

Pressure on Hong Kong to remain top yuan hub

After a decade as the only city in the world allowed to conduct offshore yuan business, Hong Kong is now facing fierce competition to its role as the leading offshore yuan centre.

23 Sep 2013 - 4:03am

Beijing's liberalising of yuan courageous, says Xinhua commentary

China's moves to liberalise its currency have been courageous given the economic risks, and the next areas for reform include land policy, state-owned industries and taxation, Xinhua said in a commentary yesterday.

22 Jul 2013 - 5:32am

'Liconomics' could mean a weaker yuan

With Premier Li Keqiang just over 100 days in the job, investors have concluded that he is serious about pressing ahead with financial reforms. That means economic pain in the short term, with growth set to slow as Li attempts to curb China's runaway credit creation.

28 Jun 2013 - 5:06am