1 INTERNATIONAL PHOTOJOURNALISTS' EXPO HELD IN MONGOLIA WWW.AKIPRESS.COM PUBLISHED:2018/10/15      2 CENTERRA SELLS MONGOLIA BUSINESS FOR US$35M WWW.MINING-JOURNAL.COM PUBLISHED:2018/10/15      3 RENEWABLE ENERGY CAN BRING CHINA, MONGOLIA CLOSER WWW.GLOBALTIMES.CN PUBLISHED:2018/10/15      4 MONGOLIAN PRESIDENT REQUESTS VISIT BY KIM JONG UN WWW.NHK.ORG.JP PUBLISHED:2018/10/15      5 NEW ARTIFICIAL PITCH OPENS IN MONGOLIA WWW.NEWS.MN PUBLISHED:2018/10/15      6 UK WILL SEE THREE YEARS OF LOW GROWTH, SAYS EY ITEM CLUB WWW.BBC.COM PUBLISHED:2018/10/15      7 AUSTRALIA’S COAL SECTOR HOPEFUL WWW.MINING.COM PUBLISHED:2018/10/15      8 FOREIGN MINISTER D.TSOGTBAATAR MEETS MP, UK TRADE ENVOY TO MONGOLIA JULIAN KNIGHT WWW.MONTSAME.MN PUBLISHED:2018/10/11      9 MONGOLIA EXPORTS 27 MLN TONS OF COAL SO FAR THIS YEAR WWW.XINHUANET.COM PUBLISHED:2018/10/11      10 MONGOLIA'S FOREIGN TRADE UP 24.9 PCT IN FIRST 3 QUARTERS WWW.XINHUANET.COM PUBLISHED:2018/10/11      ВАЛЮТЫН ЗОХИЦУУЛАЛТЫН ТУХАЙ ХУУЛИЙН ТӨСЛИЙГ ХЭЛЭЛЦЭХ ЭСЭХИЙГ УИХ ЭНЭ ДОЛОО ХОНОГТ ШИЙДНЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/10/15     ХЭРЭГЛЭЭНИЙ ЗЭЭЛИЙН ӨСӨЛТ АЙЛ, ӨРХҮҮДИЙГ ӨРИЙН ДАРАМТАД ОРУУЛЖ БАЙНА ГЭВ WWW.MONTSAME.MN  НИЙТЭЛСЭН:2018/10/15     “ЕВРОП-БАРУУН ХЯТАД” МАРШРУТ ОРОСЫН ДЭД БҮТЦИЙН ХӨГЖЛИЙН ТӨЛӨВЛӨГӨӨНД БАГТЛАА WWW.NEWS.MN НИЙТЭЛСЭН:2018/10/15     OZD CAPITAL: "CENTERRA NETHERLANDS", "CENTERRA GOLD MONGOLIA" КОМПАНИУДЫГ ХУДАЛДАН АВАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/10/15     ХХЗХ: СУУРИН ИНТЕРНЕТ ХЭРЭГЛЭГЧДИЙН ТОО ЖИЛИЙН ӨМНӨХӨӨС 22.5 ХУВИАР ӨСӨЖ, 2 САЯ 629 МЯНГАД ХҮРЛЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/10/15     АЗИД №1: ДИНОЗАВРЫН ХОВОР ОЛДВОРЫГ МОНГОЛЫН ГОВИОС ИЛРҮҮЛЛЭЭ WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/10/15     ТӨСӨВ ДАГАСАН ТАТВАРЫН ШИНЭЧЛЭЛ ХҮЛЭЭЛТ ҮҮСГЭЛЭЭ WWW.ZGM.MN НИЙТЭЛСЭН:2018/10/15     БНАСАУ-ЫН УДИРДАГЧ КИМ ЖОН УНЫГ МОНГОЛД АЙЛЧЛАХЫГ УРЬЖЭЭ WWW.MEDEE.MN НИЙТЭЛСЭН:2018/10/15     АВТОБЕНЗИН, ДИЗЕЛЬ ТҮЛШНИЙ ҮНЭ, ЧАНАРЫН АСУУДЛААР ХЭЛЭЛЦҮҮЛЭГ БОЛЛОО WWW.DNN.MN НИЙТЭЛСЭН:2018/10/11     НҮҮРС, ЗЭСИЙН БАЯЖМАЛ, НЕФТИЙН ЭКСПОРТЫН ОРЛОГО НЭМЭГДЖЭЭ WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/10/11    

Yuan becoming safe haven for investors amid Russia-US standoff www.rt.com

Chinese assets have recently seen a significant inflow of investments after relations between Russia and the US took a turn for the worse, making investors search for a safe place for their cash.
The Chinese yuan is becoming a safe haven for global investors, Larry Brainard, TS Lombard chief emerging markets economist, told Bloomberg earlier this week. The analyst said that Chinese assets received a boost amid the sharp deterioration in Russia-US relations.

The yuan becomes a protecting asset when geopolitical risks intensify, as the Chinese government commonly remains neutral towards such conflicts, the head of analytics department at Grand Capita, Sergey Kozlovsky, told RT.

“The dynamics of the Chinese market this week has really confirmed the idea of safe haven,” the analyst said. “After a decrease in tensions, investors began to partially fix positions on Chinese securities, returning, for example, to Russian assets, which are more promising after the recent collapse of the ruble and the Russian stock market.”

The Chinese currency is currently one of the most attractive assets among foreign-exchange holdings, according to the head of AMarkets Analysys Department, Artem Deev, who also expects the yuan to become a safe haven.

“After all, the People’s Bank of China has managed to obtain for yuan a status of a reserve asset. Skeptics said that it is not enough to launch the currency into the orbit, it’s vital to support it,” he told RT. “And just several weeks ago, China made another breakthrough, launching national yuan-denominated crude futures and gold futures contracts denominated in yuan.”

The step will reportedly encourage investors to gradually replace dollar reserves with yuan reserves, inevitably bolstering the Chinese currency. According to Deev, this factor is one of the major drivers for the yuan gaining safe haven status.

In 2016, The International Monetary Fund included the Chinese yuan in the Special Drawing Right (SDR) alongside the US dollar, the Japanese yen, the euro, and the British pound. SDR is supplementary foreign-exchange reserve assets that is defined and maintained by the Washington-based organization. The inclusion of the yuan was considered an important step in the integration of the Chinese economy into the global financial system. The yuan is currently number three in the IMF basket, after the dollar and the euro.



Published Date:2018-04-23