Yuan

Following moves by the US and Japan to strengthen the yen, China's currency has come under more pressure to appreciate. Bloomberg Economics notes that this pressure may drain support for growth as the yuan gains despite falling bond yields and a sluggish economy.

China authorized Deutsche Bank AG as the first non-Chinese lender capable of settling yuan transactions within Europe. This move significantly expands China's clearing network, aiming to promote the currency overseas.

Analysts predict that the yuan’s recent calm may end as September approaches. They expect that typical seasonal factors, including strong fall exports, will boost and lift the Chinese currency.

On August 3, five-year Chinese treasury bond futures began trading on the Hong Kong stock exchange. The development is highlighted as a significant step for the global yuan amid shifts in the international monetary system.

On August 3, five-year Chinese treasury bond futures began trading on the Hong Kong stock exchange, marking a significant development for the global yuan. The article highlights the product's relevance amid broader shifts in the international monetary system, emphasizing the role of government bond markets in elevating a currency's status.

Hong Kong will raise its full-year GDP forecast due to stronger-than-expected growth in the first half of 2026. The finance chief announced plans to promote the global use of the yuan following the debut of offshore Chinese government bond futures on the local stock exchange.

China’s CIPS is becoming the settlement norm in Mongolia within two years, as Golomt Bank, the country’s second-largest lender, connects to the system. The shift is driven by increasing trade with China settled in yuan.

China’s central bank set the yuan’s fixing at a weaker-than-expected level, a move analysts suggest may aim to slow the currency’s gains after it reached a three-year high.

The yuan reached its highest level in over three years against the dollar due to renewed weakness in the US currency and continued policy support from Chinese authorities.

The article argues against blaming China's yuan for global imbalances and criticizes demands for its revaluation as misdiagnosing the issue. Authors Gita Gopinath, Pierre-Olivier Gourinchas, and Hélène Rey challenge the assumption that an undervalued yuan is the primary cause of economic disparities.

Angola’s central bank added China’s yuan to its reserve currencies in July 2026, and major lenders BFA and BAI are preparing to join China’s CIPS cross-border payment system. Chinese loan commitments to Angola exceed $42 billion, representing 40% of its external debt.

Hong Kong’s offshore yuan market is becoming a global funding hub as increased yuan reserves drive corporate loans and capital market activity, reflecting progress in China’s currency internationalization efforts.

The yuan's value is causing tension in EU-China trade relations, with EU policymakers and economists arguing it is undervalued, contributing to a daily trade deficit of approximately $1.1 billion as of June.

China and the United Arab Emirates are establishing a cross-border QR payment system to enhance the international use of the yuan. The collaboration involves Bank of China, UnionPay International, and Al Etihad Payments, allowing users to make payments via mobile apps in both countries using QR codes.

Indonesian Finance Minister Purbaya Yudhi Sadewa met with Chinese authorities who pledged to fast-track a $1 billion renminbi-denominated panda bond. The Asian Infrastructure Investment Bank also committed to supporting the initiative, signaling a shift in Asia's monetary anchor from the yen to the yuan.

Nigeria renewed a CNY 15 billion (US$2 billion) bilateral swap line with China to settle trade in naira and yuan. Nigeria also joined BRICS as a partner country, gaining access to the New Development Bank.

The Chinese yuan remains undervalued against the euro despite recent gains, according to Deutsche Bank. The analysis highlights the currency's continued low exchange rate relative to the euro.

The London Clearing House (LCH) has started accepting offshore yuan-denominated Chinese government bonds, known as dim sum bonds, as collateral for margin requirements. This move supports Beijing’s efforts to internationalise the yuan and integrate its debt into global financial systems.

The article argues that the yuan's global adoption hinges on market-driven factors rather than political efforts. It highlights that practical usage by entities like treasurers in Jakarta or banks in Riyadh, through funding and investment at predictable costs, will determine its international success. Current progress appears stronger in policy discussions than in actual financial operations.

The People's Bank of China (PBOC) indicates comfort with the yuan's recent gains, despite setting the currency's fixing rate below 6.8.

The article discusses Yuan's global ambitions. No further details are provided in the content.

Chinese investors withdrew a record $2.91 billion from domestic gold ETFs in June as a stock market surge and strong yuan reduced demand for gold, leading to a shift towards higher-risk, higher-return assets, according to the World Gold Council.

Chinese investors withdrew a record $2.91 billion from domestic gold ETFs in June, driven by a stock-market surge and a strong yuan reducing gold's appeal. The World Gold Council attributed the outflows to improved risk appetite, with investors shifting to higher-risk, higher-return assets.

China's markets are diverging from global trends, offering steady returns amid geopolitical and tech-driven volatility. Investors are shifting toward Chinese assets as a diversification tool, driven by a strong bond market, yuan appreciation, and reduced reliance on U.S. rate cycles or AI-driven growth.

China is promoting the yuan as the United States increases its strong dollar policy.

Hong Kong’s financial authorities urged banks to expand the use of the yuan in corporate financing, investment, and cross-border trade to strengthen Hong Kong's position as an offshore hub against Shanghai and Singapore. HKMA chief executive Eddie Yue called for deeper integration of the yuan in daily trade settlements and other financial activities.

Bets on a rally in the Chinese yuan have weakened as options traders show increased optimism about the U.S. dollar. The article references Chinese one-hundred yuan banknotes in its content.

T. Rowe's Chung anticipates a decline in the 'expensive' yuan following a recent rally. The analysis suggests a potential correction in the currency's value after increased gains.

The yuan’s growing influence is reducing Washington’s ability to enforce sanctions on geopolitical rivals like Iran and Russia, which are using yuan, cryptocurrency, and a Chinese alternative to the Swift banking network. The yuan’s share in global trade finance has tripled in five years to 6%.

China has weakened the yuan's fixing for the fourth session as the dollar advances. The article mentions yuan banknotes and a photographer.

Brazil is set to issue panda bonds, yuan-denominated debt in China, joining other countries in leveraging China's currency for fundraising. Analysts view Brazil's participation as a milestone for China, which aims to boost the yuan's profile and strengthen partnerships through such financial instruments.

German Chancellor Friedrich Merz stated the Chinese yuan is undervalued by 30%, exceeding the IMF's 16% estimate, and accused China of flooding markets with subsidized products and non-convertible currency. He called for 'Plaza Accord'-style negotiations to address these economic practices.

Trade between Africa and China surged in 2025, driven by China's removal of tariffs on African imports, leading to an 18% increase in bilateral trade. The growth reflects competition between China and the US for influence in Africa, particularly over mineral resources, as the Trump administration cut aid and threatened tariffs, pushing African nations closer to Beijing.

Chinese officials announced new anti-sanctions measures and initiatives to increase the international use of the yuan during a major financial conference. Vice-Premier He Lifeng highlighted a draft financial law aimed at countering 'groundless suppression' through blocking provisions and countermeasures.

Hong Kong is launching China Bond Futures to promote the Yuan. China's central bank halted cash withdrawals via medium-term loans to boost the economy during the Communist Party’s twice-a-decade leadership congress.

The People's Bank of China (PBOC) has launched a tool to encourage other central banks to increase the use of the yuan. The initiative aims to promote the currency's adoption in international financial transactions.

Over 95% of overseas companies plan to maintain or increase cross-border yuan settlements in the coming year, according to a Bank of China poll. The report highlights growing global business interest in the yuan as part of Beijing's efforts to internationalize the currency.

China's yuan-denominated cross-border payment system, CIPS, set a record transaction volume of 1.22 trillion yuan ($180.3 billion) on April 2 after US President Donald Trump threatened Iran. The surge followed increased adoption of yuan settlements by oil-producing nations.

Mainland China's Ministry of Finance plans to issue 15 billion yuan ($2.2 billion) in sovereign bonds in Hong Kong next week, its third issuance this year, to strengthen Hong Kong's role as the world's largest offshore yuan trading hub. Analysts anticipate strong demand due to the yuan's appreciation and international investors seeking portfolio diversification amid geopolitical tensions.

China’s yuan has reached its highest level against a basket of currencies since 2022, reflecting recent economic performance and monetary policy trends.