The opening of the Chinese bond market could significantly change the composition of key global bond indices, according to Nicolas Jaquier, SLI’s economist for emerging market debt.
Tag: RMB
SLI: China risks overplayed
Chinese authorities face tough choices, but a full blown financial crisis is unlikely, said Alex Wolf, emerging markets economist for Standard Life Investments.
Schroders joins voices warning on China’s currency
The firm said it is “increasingly clear” it is likely the RMB will fall, bad debts will rise and A-shares markets will drop.
China’s bank loans could cause sharp RMB drop
Recapitalising banks due to non-performing loans could devalue the RMB “in excess of 30% against the US dollar”, according to Hayman Capital Management.
IMF: RMB goes into the currency basket
China’s renminbi has been included in the special drawing rights currency basket, according to yesterday’s IMF executive board decision.
RMB and SDR: symbolic or practical?
China’s RMB is widely expected to be included in the IMF’s currency basket, but the event seems to be more about national pride than market impact.
Market `underestimates’ SDR basket inclusion
The RMB fixed income market will benefit if the IMF puts China’s currency in the Special Drawing Rights basket of reserve currencies, according to Raymond Gui, portfolio manager at Income Partners.
Yuan cuts have an upside for global markets – Greetham
Yuan devaluation will rescue the global market from overheating and restore the deflationary recovery, according to Royal London Asset Management’s Trevor Greetham.
China creating big trouble for emerging markets
The issue of the value of China’s currency versus other major currencies, particularly the US dollar, has been rumbling on for many years now.
RMB’s SDR inclusion still likely this year
Axa IM believes China’s RMB currency stands a good chance of being included in the Special Drawing Rights this year despite an IMF report interpreted by many as a delay until next year.
