US dollar banknotes and Chinese 100 yuan banknotes at a money exchange shop in Causeway Bay on 5 August 2019. Photo: Roy Issa US dollar banknotes and Chinese 100 yuan banknotes at a money exchange shop in Causeway Bay on 5 August 2019. Photo: Roy Issa
US dollar banknotes and Chinese 100 yuan banknotes at a money exchange shop in Causeway Bay on 5 August 2019. Photo: Roy Issa

China’s currency takes on the sheen of safe haven asset against volatility, ending third quarter with its biggest gains in 12 years

  • Onshore renminbi gained 3.8 per cent in the three-month period ending September 30, the most since early 2008
  • Offshore yuan advanced by more than 4 per cent in the third quarter

Topic |   Yuan
US dollar banknotes and Chinese 100 yuan banknotes at a money exchange shop in Causeway Bay on 5 August 2019. Photo: Roy Issa US dollar banknotes and Chinese 100 yuan banknotes at a money exchange shop in Causeway Bay on 5 August 2019. Photo: Roy Issa
US dollar banknotes and Chinese 100 yuan banknotes at a money exchange shop in Causeway Bay on 5 August 2019. Photo: Roy Issa
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