Free Trial

Yuan Assets Gain among Global FX Reserves: Herald

CHINA PRESS
MNI (Singapore)

Global central banks continue to increase their holding of yuan assets, with their share of global forex reserves up to 2.45%, a record high since the IMF first reported the data in Q4 2016, the 21st Century Business Herald reported. While the Federal Reserve's retreat from QE is increasingly expected, China's continued recovery, stable monetary policy and a less volatile currency have further increased the safety and hedging properties of yuan assets, the newspaper said citing analysts. There is great potential for global investors to increase yuan bonds, the newspaper cited analysts as saying.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.