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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.
The exchanges between policymakers and regulators are expected to pave the way for additional measures aimed at strengthening Hong Kong’s role as an offshore yuan trading centre, according to analysts. Photo: Shutterstock
Banking & finance

Hong Kong regulators to unveil next steps in new offshore yuan push

HKMA, SFC officials expected to outline new measures to deepen yuan usage and cross-border market links following meetings in Beijing.

China digital currency

Could Saudi Arabia’s mBridge exit dent China-led payments platform?

Banking & finance

What does the rate increase by the US Fed mean for the Chinese yuan?

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Banking & finance

Fed rate hike risks worsening China’s economic divide

The first US interest rate increase in more than three years is unlikely to damp China’s surging tech exports while potentially worsening a squeeze on other manufacturers.

Photo: Reuters
Banking & finance

How will Hong Kong’s new 5-year plan court global capital?

Expanded investment products and stronger mainland-market links aim to deepen Hong Kong’s wealth-management edge and lure more international investors.

John Lee policy address 2026

Hong Kong targets gold trading, FPS-UnionPay link to boost yuan use

‘We will consolidate and enhance Hong Kong’s status as an international financial centre,’ John Lee says.

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John Lee policy address 2026

14 key takeaways from John Lee’s policy address, Hong Kong’s first 5-year plan

Chief executive lays out how the five-year plan will align the city more closely with the national development blueprint.

Chief Executive John Lee leaves the Legislative Council chamber after delivering Hong Kong’s first five-year plan and the annual policy address. Photo: Dickson Lee
Brics

Brics pivots to pragmatic de-dollarisation via payment links: analysts

Analysts say lack of movement towards a common currency reflects a more pragmatic approach to reducing reliance on US dollar.

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China trade

Kazakhstan to launch QR payments with China, expanding yuan’s reach in retail

Planned launch follows existing cooperation between super apps Alipay and Kaspi.kz, letting travellers use home-country app at certain merchants without exchanging cash.

China’s private sector

Open Questions | Veteran investor Fang Fenglei on why China’s ‘investibility’ remains a certainty

Influential financier who helped found CICC says arguments against China investment ‘do not hold water’.

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Illustration: Brian Wang
Mainland China

Open Questions | Private equity’s Fang Fenglei on investing in China

Veteran investor considers China’s economic strengths, assets that appeal, future yuan appreciation and policymakers’ ability to solve problems.

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Illustration: Brian Wang
Banking & finance

Why Hong Kong banks see mainland Chinese investors as key to wealth growth

The city will continue to serve as a vital platform linking mainland China with international capital, Hong Kong Association of Banks says.

China economy

Opinion | Why China is steering clear of the US’ ‘exorbitant privilege’ model

Beijing is decoupling the internationalisation of the yuan as a transactional currency from the role of an unconstrained global reserve store of value.

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Banking & finance

Record China-US gap in bond yields unlikely to trigger capital flight: Marsh

Executives say dollar dominance remains intact as borrowers diversify funding and use offshore yuan bonds to help manage elevated US financing costs.

The widening yield spread between Chinese and American government bonds is unlikely to trigger capital flight from China. Photo: AFP
Banking & finance

Investment surge in Central Asia drives calls for Chinese yuan use

Use of the currency can cut risks and costs for infrastructure firms active in the mineral-rich region, according to speakers on an investment panel.

Use of the yuan in Southeast Asia and Africa proves the currency has a role where there is demand, according to speakers at a summit in Hong Kong on Thursday. Photo: Reuters
Banking & finance

Yuan use grows as supply chains reshape global trade, Deutsche Bank says

Europe’s first foreign RMB clearer says Chinese firms’ overseas expansion is strengthening the currency’s role in cross-border commerce.

Banking & finance

China’s capital injection steels banks, insurers for rough road ahead

US$54 billion recapitalisation comes amid squeeze on commercial banks’ earnings and push for insurers to bolster the liquidity of Chinese stock markets.

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Banking & finance

Chinese firms’ green-tech expansion hinges on Hong Kong: bankers

Offshore yuan liquidity makes city a ‘superconnector’, but finding projects with strong returns is now the challenge, senior bankers say.

A view of Hong Kong Island from the waterfront of West Kowloon Cultural District on September 7, 2026. Photo: Sam Tsang
Banking & finance

Hong Kong has yuan to spare. Can it create more global demand?

Regulators want banks to channel more offshore yuan into global markets, as the city pushes to deepen the currency’s role in international finance.

Banking & finance

China pumps massive US$54b into insurers, banks in financial powerhouse push

The rare capital boost of such magnitude seeks to shore up insurers and banks as solvency pressures mount and regulatory demands loom.

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China-Africa relations

China expands currency swap with Egypt as trade ties reach new heights

New factory and energy projects in Suez zone back gradual shift away from US dollar in bilateral investment.

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Chinese President Xi Jinping (left) and his wife, Peng Liyuan, are received at the airport by Egyptian leader Abdel Fattah el-Sisi in Cairo on September 1. Photo: Reuters
Hong Kong economy

John Lee urges banks to finance city’s tech growth, expand offshore yuan business

City leader calls for closer partnership between government and banking sector in four areas as Hong Kong seeks strategic growth.

Authorities are pouring billions of Hong Kong dollars into the Northern Metropolis, a megaproject near the border that aims to power growth in innovation and technology. Photo: Edmond So
China trade

China rejects G20 trade-imbalance claims, says no need to devalue yuan

Beijing ‘deeply regrets’ a consensus was not reached after opposing some of the language used, and China urges deficit countries to cut spending.

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Banking & finance

Analysts warn that benchmark bond yields are approaching ‘concern zone’

With US 10-year Treasury yield at a 20-month high, alarm bells expected to ring if it crosses 5 per cent tipping point.

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China stock market

Why foreign inflows into China A shares could slow after record surge

Overseas capital in yuan-traded Chinese stocks faces cooling, as tech sentiment, US yields and yuan strength steer the next phase.

Investors check out stock market data in Nanjing, Jiangsu province. Photo: Getty Images
China’s economic stimulus

China to speed up bond issuance after national meeting on investment: analysts

The fixed-income securities are to be used to fund national infrastructure and construction ventures to boost the economy.

Women in Beijing’s central business district. Photo: EPA
Foreign exchange market

PBOC cautious on yuan gains despite US dollar weakness: analysts

Compared with a more than 2 per cent decline in the US dollar index since late July, the yuan gained less than 1 per cent against the dollar.

China stock market

Diversification drive after chip sell-off gives China’s private funds a boost

Mutual funds’ net assets under management shrank by 1.4 per cent in July, while private funds grew 8.7 per cent to record high.

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