Offshore Yuan Trading Takes Off

China's currency, pent up inside the country's borders for decades, is emerging as a hot property in global foreign-exchange markets, just months after Beijing allowed the yuan to be bought and sold outside the mainland for the first time.

Topics:  beijing   yuan   
BING NEWS:
  • China Faces Harsh Dilemma as Yuan Comes Under Pressure
    The economy suggests a weaker yuan. But the prospect of capital flight makes Beijing wary of allowing any sudden depreciation.
    01/14/2025 - 12:06 am | View Link
  • China Reiterates Goal to Keep Yuan Stable as Pressure Grows
    The People’s Bank of China emphasized its goal to keep the yuan stable, as the currency hovers near a record low in offshore trading amid headwinds from a slowing economy.
    01/13/2025 - 6:58 pm | View Link
  • China Will ‘Try Very Hard’ to Slow Yuan’s Fall, UBS’ Wang Says
    A weaker yuan against the dollar may only give China’s exports a modest boost and Beijing will push to moderate the currency’s decline, according to UBS Group AG.
    01/13/2025 - 5:26 pm | View Link
  • Hong Kong to power growth by boosting strengths, gold trading: John Lee
    Chief Executive John Lee Ka-chiu also told the Asian Financial Forum on Monday that the city would continue to be the global hub for offshore yuan business and settlements, financing and asset ...
    01/13/2025 - 2:34 am | View Link
  • China's yuan hovers near 16-month low despite official support
    The yuan hovered near 16-month lows against the dollar on Monday, despite more support measures for the currency and as the greenback remained buoyant following strong U.S. jobs data.
    01/13/2025 - 1:20 am | View Link
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