Yaun in demand

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With the inclusion of the Yuan’s reserve currency in the International Monetary Fund’s basket of special drawing rights (SDR), the Chinese renminibi (RMB) is in demand by European markets amidst uncertainties over Brexit.

 

 

The Chinese Ministry of Finance issued its first sovereign offshore bond in Yuan in London in May, in an effort to boost market confidence by providing liquid and safe bonds against which all other offshore Yuan assets can be priced.

 

 

 

 

 

 

 

China Daily Article

 


 

 

China Daily Front page 09 12 2016

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