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Yuan

Yuan
The Chinese yuan, also known as the renminbi, is already convertible under the current account - the broadest measure of trade in goods and services. However, the capital account, which covers portfolio investment and borrowing, is still closely managed by Beijing because of worries about abrupt capital flows.
A view of the Hong Kong skyline. Photo: Getty Images
Bonds

Hong Kong to list first Shanghai free-trade zone bond to defend yuan hub status

HKEX announces that a Shanghai Electric subsidiary is set to list a 1.5 billion yuan green bond later this month.

Banking & finance

Chinese central bank’s 15th five-year plan

Hong Kong economy

In Focus | What comes next for Hong Kong as a global financial hub?

China stock market

What are China’s quantitative trading funds, and why are they so controversial?

China’s quant funds face scrutiny from retail traders and regulators, driven by their large returns and use of AI.

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Critics argue that AI-driven strategies exacerbate volatility in a market still dominated by more than 250 million retail investors. Photo: Getty Images
Banking & finance

China’s central bank eyes global yuan in first solo 5-year plan in over a decade

The strategy signals Beijing’s push to build a ‘strong central bank’ capable of driving its financial powerhouse ambitions, analyst says.

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Banking & finance

China’s panda bond market surges as Goldman Sachs flags limits to yuan expansion

Issuance of yuan-denominated debt surges, including in dim sum bond market, but sustained global use of yuan seen requiring broader access and stronger finance links.

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Wealth management

Over a quarter of China’s ultra-wealthy in Beijing and Shanghai, report says

Beijing, Shanghai and Guangdong hold most super-rich households as weaknesses in real estate and market volatility weigh on private capital.

The skyline of Beijing on January 7. Photo: AFP
Banking & finance

Hong Kong’s US dollar peg faces fresh calls for review – but is change feasible?

Economists and financial analysts warn abandoning the anchor would pose risks that far outweigh potential rewards.

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China-Latin America relations

Argentina extends US$19 billion China currency swap despite US pressure

Buenos Aires locks in the yuan line until 2031, months after the US Treasury Department offered a rival facility.

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China economy

China needs a stronger yuan, ‘fiscal boost’ to drive near-term growth: analysts

Rebalancing economy and offsetting a record trade surplus requires targeted stimulus to counter growing global trade barriers, analysts say.

Goldman Sachs analysts have weighed in on the strength of China’s yuan. Photo: Shutterstock Images
China-Latin America relations

Brazil to become regular borrower in China, treasury official says

Brasilia cannot guarantee debut will happen this year, but wants it repeated to give companies a yuan benchmark to aim for.

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Brazil intends to sell yuan bonds in China every year, a senior Brazilian treasury official said on Wednesday. Photo: Getty Images
Bonds

China’s sovereign bond sale in Hong Kong raises over US$2 billion

Arriving hot on the heels of the city’s landmark China government bond futures rollout, the latest tranche reinforces Hong Kong's role as a ‘superconnector’.

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Hong Kong

Fresh mBridge progress boosts cross-border digital yuan push

China’s Project mBridge, the multilateral central bank digital currency platform, is moving closer to broader commercial adoption.

Banking & finance

Editorial | Hong Kong’s role in yuan internationalisation is expanding

The China treasury bond futures that were launched in the city are a critical hedging tool that will foster the renminbi’s global use.

Flags, including the Hong Kong Special Administrative Region and Chinese national flags, at Exchange Square in Central, Hong Kong, where the city’s stock exchange is located. Jelly Tse
Banking & finance

Opinion | Hong Kong’s Chinese bond futures are a major step for the global yuan

Making Chinese treasury bond futures tradeable on Hong Kong’s stock exchange adds the interest rate hedging component markets have demanded.

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A staff member of a bank in Haian, Jiangsu province, counts 100 yuan notes in March 2024. Foreign institutions held around 2 trillion yuan of Chinese government bonds as of the end of June 2026. Photo: Getty Images
Banking & finance

China’s social security fund boosts A-shares, a vote of confidence in market

National Social Security Fund increases onshore stock stakes, targeting tech as state pension returns hit 5.76 per cent.

HKEX

Treasury bond futures ‘a milestone’ to boost Hong Kong’s bridgehead role: CSRC

First offshore China government bond futures rose more than 1 per cent on debut on Monday.

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Banking & finance

Swift bypass: China completes first Malaysia payment in digital yuan

Deal advances Beijing’s push to expand the digital yuan through alternative cross-border clearing channels beyond Swift system.

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The deal completes a bilateral digital-currency loop following an inbound trial in January. Photo: VCG
Banking & finance

China’s CIPS to become settlement norm in Mongolia within 2 years: Golomt Bank

Six months after Golomt adopted the technology, 96 per cent of yuan payments moved from Swift to China’s payment system, the bank says.

Foreign exchange market

China’s offshore yuan hits 3-year high as Beijing signals policy support

Politburo’s pledge to stabilise growth and boost capital markets helps drive rally, reinforced by days of relatively strong reference rates by the central bank.

Gold in Hong Kong

HK’s gold imports set to rise after hitting 11-year high last month: analysts

Investor appetite, international precious metals trading hub ambitions drive growth as imports hit highest volume since late 2014.

Gold bars: Photo: Shutterstock
Banking & finance

China stokes panda bond boom in bid to grow tiny market

Overseas borrowers in China’s onshore yuan debt market will avoid some fees until 2028 as regulators seek to grow international use of the currency.

Photo: Shutterstock
Hong Kong stock market

Why is Zhongji unveiling US$1.2 billion in buy-backs before its Hong Kong debut?

The optical-module maker plans to buy back shares denominated in yuan to anchor pricing before its initial public offering in the city.

Banking & finance

Standard Chartered posts 10% profit rise, launches US$1b buy-back

Share price surges on 38 per cent rise in wealth-management revenue, even as Middle East tensions and bad debt temper profit growth.

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Bonds

Shanghai Clearing House targets global growth with expanded offshore yuan push

SHCH will broaden its clearing services across offshore yuan bonds, interest rates and foreign exchange products.

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China is taking steps to expand the offshore yuan pool by pushing a new model to boost international sales of its domestic bonds. Photo: CFOTO/Future Publishing via Getty Images
China trade

Indonesia wants to move beyond raw materials. Will its China ties suffer?

Beijing and Jakarta enjoy unprecedented economic interdependence – but shifting priorities in Indonesia threaten to strain the partnership.

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Illustration: Lau Ka-kuen
Banking & finance

Beijing scraps panda bond fees to bolster global market for yuan debt

Analysts say removing some expenses for foreign borrowers will help funnel more yuan overseas and create a large offshore liquidity pool of China’s currency.

Banking & finance

US 30-year Treasury streak: what do 5% yields mean for global investors?

The historic run is forcing investors to ask whether high borrowing costs are a short-term headache or the new normal.

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