WisdomTree Chinese Yuan ETF (CYB) - NYSEARCA
  • Nov. 23, 2011, 2:55 AM

    More on China PMI: The figures imply that "industrial production growth is likely to slow further to 11-12% year-on-year in the coming months," says HSBC. However, falling inflation "will leave more room for Beijing to step up selective easing measures," and "keep China on track for a soft-landing." (PR)

    | Nov. 23, 2011, 2:55 AM
  • Nov. 23, 2011, 2:51 AM

    HSBC China manufacturing PMI drops unexpectedly to a preliminary 48 in November from 51 in October, signalling a return to contraction. The manufacturing output sub-index drops to 46.7 from 51.4. Both metrics are the lowest since March 2009. (PR)

    | Nov. 23, 2011, 2:51 AM | 2 Comments
  • Nov. 22, 2011, 6:47 AM
    China could see its first trade deficit in two decades as exports to Europe and the U.S. continue to tail off, according to economist Xia Bin. Though the government sees its full-year trade surplus narrowing to around $150B in 2011 from 2010's $183B, Xia shoots lower with his estimates. "We can't rule out the possibility of a trade deficit."
    | Nov. 22, 2011, 6:47 AM
  • Nov. 21, 2011, 8:07 AM
    October figures show China had its first monthly net outflow of foreign currency in 4 years as the path of the yuan may not be the one-way bet it once was (higher). "Three years ago, perhaps the yuan was wildly undervalued, but now on the basis of these flow values, it's fairly valued," says ING's Tim Condon.
    | Nov. 21, 2011, 8:07 AM | 3 Comments
  • Nov. 20, 2011, 5:00 AM

    China intends to strengthen the yuan's trading flexibility in both directions, Premier Wen Jiabao said yesterday. While the comments were in line with recent attempts to encourage the renminbi's value to fluctuate more widely within its daily trading band, some analysts don't believe an expansion of that band will come anytime soon.

    | Nov. 20, 2011, 5:00 AM | 3 Comments
  • Nov. 17, 2011, 1:25 PM

    Minyanville sees the case of Heineken's (HINKY.PK) foray into China as a cautionary tale for firms thinking about betting big in the nation. The brewer entered the beer market 1988 by buying into the dominant player. Trouble is: Chinese consumers don't like bitter beer, so Heineken's market share fell flat. Could the same consumer peaking process happen to MCD, KO, Pizza Hut/KFC, and other U.S. firms as they pour investments into expansion in China?

    | Nov. 17, 2011, 1:25 PM | 3 Comments
  • Nov. 17, 2011, 5:18 AM
    With China laying the groundwork for internationalization of the yuan, the renminbi could "mount a challenge" to the dollar in 5-10 years, a Congressional report says. The yuan still has much catching up to do, though, as it accounts for 0.3% of international currency trading while the dollar is involved with 85%.
    | Nov. 17, 2011, 5:18 AM
  • Nov. 14, 2011, 6:46 AM

    President Obama keeps up his tough talk on China at his closing news conference from the weekend's summit with Chinese leaders, demanding the nation stop "gaming" the international system. The sitdown appears to have stirred the pot more than it pushed the nations closer to an agreement on currency appreciation as Chinese officials defiantly counter Obama's contentions. "If rules are decided by one or even several countries, China does not have the obligation to abide by that."

    | Nov. 14, 2011, 6:46 AM | 1 Comment
  • Nov. 10, 2011, 1:29 PM

    Austria's central bank signs an historic agreement with the PBOC which will allow it to invest in yuan-denominated assets. It's the first such arrangement by China with a non-Asian central bank.

    | Nov. 10, 2011, 1:29 PM | 1 Comment
  • Nov. 10, 2011, 1:03 PM

    More on yuan appreciation (previous): Eleanor Craig argues the small overlap between Chinese and American production means U.S. goods will not automatically replace higher-priced Chinese products. In fact, she says, a falling dollar might instead wreak havoc on Treasury yields and make U.S. debt issues worse.

    | Nov. 10, 2011, 1:03 PM
  • Nov. 10, 2011, 12:53 PM

    WH officials say President Obama plans to press Chinese leader Hu Jintao on increasing the pace of the yuan's appreciation at a meeting this weekend in Hawaii - even though China is facing a slowing of its exports. Analysts say Obama will have an uphill battle to get any meaningful currency promises, and may return with only hints about future appreciation similar to what Christine Lagarde extracted from the Chinese.

    | Nov. 10, 2011, 12:53 PM
  • Nov. 10, 2011, 3:11 AM
    China October trade surplus $17.03B ($25.8B forecast) vs. $14.51B in September. Exports +15.9% Y/Y (+15.3% forecast) vs. +17.1%. Imports +28.7% (+21.2% forecast) vs. +20.9%. Exports -7.2% M/M, imports -9.5%.
    | Nov. 10, 2011, 3:11 AM
  • Nov. 9, 2011, 3:20 PM

    One of the world's favorite one way bets - the rise of the yuan - may be ending amidst turbulence that gives a bid to the greenback and ideas China may have seen enough appreciation, given its own slowing economy. Recent data show yuan deposit growth in Hong Kong coming to a screeching halt and maybe even set to decline.

    | Nov. 9, 2011, 3:20 PM
  • Nov. 7, 2011, 11:18 AM

    Noting net capital outflows, a weakening trade sector, and the sharp depreciation of other emerging currencies, a top Chinese economist calls for Beijing to devalue the yuan. In Hong Kong, where the yuan is freely traded, its value has fallen 1% below the mainland rate. "If market demands for depreciation are so strong, then we should let the renminbi adjust," he says.

    | Nov. 7, 2011, 11:18 AM
  • Oct. 24, 2011, 2:35 AM

    HSBC China manufacturing PMI rises to a preliminary five-month high of 51.1 in October from 49.9 in September, signalling a return to expansion. The manufacturing output sub-index climbs to 51.7 from 50.3. "All these data confirm our view that there is no risk of a hard landing in China," says HSBC. (PR)

    | Oct. 24, 2011, 2:35 AM | 1 Comment
  • Oct. 19, 2011, 10:09 AM
    Warning of the "high likelihood" of a global recession, Hong Kong Chief Exectuive Donald Tsang drops a bit of a bomb, saying he believes Beijing will soon end its policy of allowing the yuan to rise against the greenback. "I think, maybe the renminbi... has reached a more optimal level," he says, quickly adding that he is, of course, "speculating."
    | Oct. 19, 2011, 10:09 AM
CYB Description
WisdomTree Chinese Yuan Fund seeks to achieve total returns reflective of both money market rates in China available to foreign investors and changes in value of the Chinese Yuan relative to the U.S. dollar.
See more details on sponsor's website
Country: China
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