The Global Public Investor survey, published annually by the London-based OMFIF think tank, showed 30 per cent of central banks plan to increase their reserve holdings of yuan over the next 12-24 months, compared with just 10 per cent last year. Photo: AP The Global Public Investor survey, published annually by the London-based OMFIF think tank, showed 30 per cent of central banks plan to increase their reserve holdings of yuan over the next 12-24 months, compared with just 10 per cent last year. Photo: AP
The Global Public Investor survey, published annually by the London-based OMFIF think tank, showed 30 per cent of central banks plan to increase their reserve holdings of yuan over the next 12-24 months, compared with just 10 per cent last year. Photo: AP

China’s surging yuan allows Beijing greater financial flexibility, creating capital markets ‘too big to ignore’

  • The CFETS RMB basket index, which measures the yuan’s value against a basket of foreign currencies, climbed to its highest level since March 2016 last week
  • The strength is largely driven by China’s large current account surplus, which in turn has been boosted by strong export performance and rising trade surplus

Topic |   China economy
The Global Public Investor survey, published annually by the London-based OMFIF think tank, showed 30 per cent of central banks plan to increase their reserve holdings of yuan over the next 12-24 months, compared with just 10 per cent last year. Photo: AP The Global Public Investor survey, published annually by the London-based OMFIF think tank, showed 30 per cent of central banks plan to increase their reserve holdings of yuan over the next 12-24 months, compared with just 10 per cent last year. Photo: AP
The Global Public Investor survey, published annually by the London-based OMFIF think tank, showed 30 per cent of central banks plan to increase their reserve holdings of yuan over the next 12-24 months, compared with just 10 per cent last year. Photo: AP
READ FULL ARTICLE