Is Chinese yuan the new deutschemark?

THERE are many reasons why crypto currencies are becoming more prominent, but one key driver is central banks' race to the bottom in terms of interest rates, driving down the value of their own currencies.

This has led many investors to look for alternative stores of value. Gold was a natural beneficiary, but crypto currencies offered benefits that gold could not - speed and security of transfer, and ease of storage.

However, in today's world, we believe that the Chinese yuan can play a significant role in a client's portfolio, especially as China's asset markets open up to foreign investors.