Trial now
AUSSIE 10-YEAR TECHS

(U1) Needle Points North

AUSSIE 3-YEAR TECHS

(U1) Holding Onto Gains

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

The soon-to-launch offshore yuan trading market in Shanghai's Pudong district will attract more foreign capital's participation in trading yuan products and boost demand for China's currency and its international acceptance, the Shanghai Securities News reported citing industry analysts. More companies in imports and exports have chosen to use yuan for payment settlement, the newspaper said. Choosing Shanghai as the site of the off-shore yuan trading strengthens the city as a global finance center, the newspaper said.