China Could Use Gold To Internationalise Yuan

Concerns about high debt and an overvalued currency have driven gold imports into China, according to Lombard Street Research. Lombard added that Chinese authorities could be preparing to use gold in a plan to make the yuan an international currency. China has made progress with the yuan in recent years. The currency – also known […]

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China’s yuan makes waves on international currency markets

Evidence the yuan is becoming truly global can be found in Rongrong Huo’s passport, which shows the HSBC banker bouncing from Switzerland to South Africa fielding inquiries from a growing number of clients on how they can trade China’s currency. “The market potential is huge,” Huo, who heads HSBC’s yuan business development for Europe, said […]

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