[email protected]

Tag Archives: Chinese yuan

30Nov/15

IMF approves China’s yuan for benchmark currency basket

November 30, 2015FinanceAsian Monetary Unit, cent, Chinese yuan, Christine Lagarde, Currency, Foreign exchange market, International economics, International Monetary Fund, International trade, Japanese yen, Pound sterling, Renminbi, Special drawing rightssmbale

International Monetary Fund chief Christine Lagarde announces the Chinese Yuan will be added to the Special Drawing Rights (SDR) basket alongside the dollar, euro, pound sterling and yen.
Continue reading →

26Mar/15

London launches Europe’s first yuan money market fund

March 26, 2015FinanceBusiness/Finance, China, China Central Television, China Construction Bank, China Construction Bank Corporation, Chinese currency, Chinese yuan, COMMERZBANK Aktiengesellschaft, Currencies of China, Currency, Economy of Asia, Economy of the People's Republic of China, Europe, Hang Seng Index Constituent Stocks, London, NEXT FUNDS FTSE/JSE Africa Top40 Linked Exchange Traded Fund, Renminbismbale

China Central Television (CCTV) – The London Stock Exchange on Wednesday launched a yuan-denominated money market fund, allowing investors direct access to the Chinese interbank lending market.
Continue reading →