Global investors will embrace yuan-denominated financial assets in the coming decade, and the value of portfolio investments could reach US$3 trillion by 2030, according to a Morgan Stanley report. Photo: Reuters
Global investors will embrace yuan-denominated financial assets in the coming decade, and the value of portfolio investments could reach US$3 trillion by 2030, according to a Morgan Stanley report. Photo: Reuters
China economy
Economy /  China Economy

Chinese yuan to become No 3 global currency by 2030 after US dollar, euro, Morgan Stanley predicts

  • The yuan could account for up to 10 per cent of global foreign exchange reserve assets by 2030
  • Policy advisers in Beijing have presented a number of suggestions to reduce China’s reliance on the US dollar

Frank Tang
Frank Tang in Beijing

Updated: 11:02am, 8 Sep, 2020

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Global investors will embrace yuan-denominated financial assets in the coming decade, and the value of portfolio investments could reach US$3 trillion by 2030, according to a Morgan Stanley report. Photo: Reuters
Global investors will embrace yuan-denominated financial assets in the coming decade, and the value of portfolio investments could reach US$3 trillion by 2030, according to a Morgan Stanley report. Photo: Reuters
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