EMerging Equity
SDR
De-Dollarization: Global Yuanization Is One Step Closer, Thanks To London
The Government of China promotes the internationalization of “the people’s currency” (‘renminbi’) through a policy of alliances that does not take ideological barriers into account. In a first moment the diplomatic forces of the yuan were concentrated in the Asia-Pacific, but in a second moment, it became necessary to gain the support of the West. … Continue reading
How Beijing And The West Work Together To Manipulate The Global Currency War
By Brendan Brown From reading the commentaries you might have imagined that the process of a currency winning international reserve status depends on getting the IMF seal of approval. At least that seems to be the story with China. So, strange to tell, the great international monies of the past evolved either before the IMF was … Continue reading
China Said To Scrap Currency Controls By 2020
Chinese leaders are set to announce a deadline of 2020 to dismantle currency controls which have kept the world’s second-largest economy from fully integrating with global financial markets, Bloomberg reports. Top leaders in China will convene in Beijing over October 26-29 for the fifth plenary session — a key four-day policy-setting meeting that will be closely eyed by global investors — were they will discuss … Continue reading
Russia, China Continue To Stockpile Gold In Preparation For Post-Dollar International Monetary System
By Koos Jansen, BullionStar The People’s Bank Of China (PBOC) has added 16 tonnes of gold to its official reserves now totaling 1,694 tonnes in August 2015. The gain in August is the third monthly increment in a row after a period of silence by the PBOC since 2009. The change in reporting, the amounts reported, and the fact the … Continue reading
Rationalising China’s Exchange Rate Policy
By Yukon Huang, Carnegie Endowment There are conflicts among the many objectives shaping China’s exchange rate policy. Politically, China’s leaders are keen on having the renminbi become a major international currency. For this purpose, the renminbi needs to be strong and stable enough that others will use it to settle trade balances and as a reserve … Continue reading
How China’s Currency Policies Will Change The World
By Stratfor Global Intelligence The recent fluctuations in China’s currency typify the best and worst of a globalized world, where developments in one place can instantly change the political and financial calculations of governments in others. For most of human history, the communities, cultures and economies of the world existed independently of one another, separated … Continue reading
Chinese Yuan: More “Significant Work” Is Needed Before Deciding Whether To Grant The Renminbi Reserve Currency Status, IMF Says
“The International Monetary Fund said the yuan trails its global counterparts in major benchmarks and that “significant work” in analyzing data is needed before deciding whether to grant the Chinese currency reserve status,” Bloomberg reports. According to the news agency: IMF staff members also opened the door to a possible delay in any approval with … Continue reading
IMF Work Progresses on 2015 SDR Basket Review
SDR review takes place every five years Staff paper lays out initial considerations; formal Board meeting late 2015 Focus on Chinese renminbi for meeting inclusion criteria The IMF Executive Board will formally review the composition and valuation of the Special Drawing Rights (SDR) basket toward the end of the year. As part of this process, … Continue reading
De-Dollarization: Will China’s Yuan Become A Global Reserve Currency?
In recent months, China has stepped up a longstanding campaign for its currency (officially called the renminbi [RMB] but also referred to as the yuan), to be included as a part of the composition of the International Monetary Fund’s (IMF’s) Special Drawing Rights (SDR). By Templeton Emerging Markets Group While the media is abuzz with the … Continue reading
Russia, China Deepen Stock Exchange Ties
Russia’s largest exchange group the Moscow Exchange (MOEX) and the China Financial Futures Exchange (CFFEX) signed an Memorandum of Understanding (MoU) on Thursday that will help further develop financial ties between the countries. The MoU signed by both exchanges aims to strengthen the bilateral partnership and facilitate the development of both parties through information sharing, reciprocal … Continue reading
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