Standard Chartered Bank has revised its forecast for the renminbi following Brexit, and now expects the currency to devalue further this year.
Tag: Renminbi
Pressure builds on RMB after Brexit
China’s yuan as well as regional currencies are likely to see selling pressure, according to analysts who opined on the outcome of today’s vote.
Stratton Street: China’s capital flight overplayed
Analysts have recently warned about China’s currency risks, but Stratton Street Capital fund manager and partner Andy Seaman offers a contrarian view.
China this week – Fund News
A roundup of the week’s asset management industry news from mainland publications.
LSE Haitong Securities ink a deal
The two firms have agreed to work together to develop RMB-denominated exchange funds tracking Chinese securities and yuan-denominated fixed income products. The deal is also expected to help Chinese investors tap the LSE for initial public offerings and promote development of index- and derivative-based products. “We are fully committed to supporting Haitong Securities’ ambitions and […]
