A UOB report shows Chinese firms now hold the renminbi as a hedge, not just to pay, and Latin America reads it as de-dollarization evidence.
China · Currencies
Key Facts
Hedge shift Chinese firms now hold the yuan as a store of value, not just for payments, per a UOB report.
Bond boom Dim sum bond issuance hit nearly 820 billion yuan (about US$114 billion) by 22 June, up 47% year on year.
Brazil swap China and Brazil run a 190 billion yuan (about US$27 billion, roughly 157 billion reais) swap line, renewed in 2023 for five years.
The Brazil China yuan relationship is deepening beyond trade, as Chinese payment systems, banks and reserves take root in Latin…
Brazil is preparing to issue panda bonds, another indicator of the rising popularity of yuan-denominated assets amid a…
UBS forecasts a ‘new wave’ of allocations as foreign holdings increase to just 6 per cent shy of a record high.
Renminbi assets are increasingly viewed as a must-have component of globally diversified portfolios, with China's competitive…
It's misguided to focus on China's renminbi replacing the U.S. dollar. Beijing is already successfully reducing dependence on a…
Beijing can create financial instruments, but it cannot decree demand.
