Chinese yuan

The internationalisation of the renminbi is well underway

The yuan recently jumped to its highest level relative to the US dollar since June 2018. What's the impact of this?

SINGAPORE (Mar 28): The overall Asia Pacific (APAC) cross-border issuance is expected to see a moderate drop in 2019, according to a special report by Fitch Rating.

(Feb 2): Asia’s economies may be increasingly bound to China, but the risks to the region’s markets may be more linked to the US as Chinese policy makers make progress in arresting a record run-up in the country’s debt.

(July 18): The onshore yuan rose for the sixth day in a row, the longest run of gains since 2015, boosted by a stronger central bank fixing and data showing China’s economy held up in the second quarter.

(July 7): Since global capital was set free following the end of the Bretton Woods system in the 1970s, countries have struggled to tame the consequences of unbridled money flows without walling off their economies.

(July 5): China struck deal after deal to acquire companies abroad over the last few years. Now the bill is coming due.

(May 24): China’s stocks headed for their lowest level since October, the yuan retreated and default risk increased after Moody’s Investors Service cut its rating on the nation’s debt for the first in almost three decades.

LONDON (Jan 3): Euro zone stocks opened 2017 by climbing to their highest in more than a year on Monday after data showed manufacturers in the currency bloc ramped up activity at the fastest pace in more than five years.

SYDNEY / TOKYO (May 23): Asia’s benchmark stock index swung between gains and losses as Japanese shares fell as the yen advanced, offsetting gains in Chinese and Taiwanese shares.