You are here

PREMIUM

Wider yuan trading band seen in China push for reserve status

But it will be only a symbolic move as Beijing tightens grip on exchange rate

BT_20150624_LEYUAN24_1736724.jpg
China is pushing to include yuan in the IMF's Special Drawing Rights at a review in October. It failed to make the cut in 2010.

Hong Kong

CHINA'S quest to get the yuan recognised as a reserve currency is fuelling expectations that trading limits will be relaxed this year, a largely symbolic move as the government tightens its grip on the exchange rate.

Of 24 analysts surveyed by Bloomberg in the past two...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes