You are here

Bears scramble for yuan as China chokes flows

Unit is now increasingly scarce outside nation's borders; offshore yuan surges most on record
Friday, January 6, 2017 - 05:50

Beijing

CHINA'S efforts to choke capital outflows are beginning to pay off, with the offshore yuan surging the most on record as traders scrambled for a currency that's becoming increasingly scarce outside the nation's borders.

The yuan gained 0.5 per cent at 6:48pm in Hong Kong,

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom