The IMF will add the yuan to its currency reserve basket in October next year. Photo: EPA The IMF will add the yuan to its currency reserve basket in October next year. Photo: EPA
The IMF will add the yuan to its currency reserve basket in October next year. Photo: EPA
Jake Van Der Kamp
Opinion

Opinion

Jake's View by Jake Van Der Kamp

Large net capital outflow indicates low confidence in yuan, despite IMF's SDR move

The IMF will add the yuan to its currency reserve basket in October next year. Photo: EPA The IMF will add the yuan to its currency reserve basket in October next year. Photo: EPA
The IMF will add the yuan to its currency reserve basket in October next year. Photo: EPA
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Jake Van Der Kamp

Jake Van Der Kamp

Jake van der Kamp is a native of the Netherlands, a Canadian citizen, and a longtime Hong Kong resident. He started as a South China Morning Post business reporter in 1978, soon made a career change to investment analyst and returned to the newspaper in 1998 as a financial columnist.