Does China need world-leading forex reserves? Globalising yuan revives debate

Does China need world-leading forex reserves? Globalising yuan revives debate

As Chinese currency ‘becomes more adopted globally’, report says it can replace many functions of a foreign exchange stockpile.

Report Recommends China to Shed US Treasuries as Yuan Internationalization Grows

A report issued by Renmin University’s International Monetary Institute argues against maintaining large foreign exchange reserves, mainly U.S. Treasuries, as the yuan adoption and trust grow. The document advises holding “moderately ample” levels of foreign reserves, with dollar bonds being their largest component. Report: China Should Reduce Forex Reserves As Yuan Matures China’s level of […]