WisdomTree Chinese Yuan ETF

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  • 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
  • Oct. 19, 2011, 9:50 AM

    Construction is coming to a halt on thousands of miles of railways in China as funding to the highly leveraged industry dries up. The crunch comes as a result of the deadly July crash and worries about the rails' heavy debt load. "We are having trouble paying wages ... as well as (our material) suppliers," says an industry executive. (previous)

    | Oct. 19, 2011, 9:50 AM | 1 Comment
  • Oct. 18, 2011, 11:04 AM
    "The wealth effect of interest rates in China is very different to the U.S.," says Michael Pettis. Being savers, Chinese feel richer with higher rates, so consumption actually goes higher. For this reason, he says, policymakers don't have the usual tools available to them to try and curb inflation.
    | Oct. 18, 2011, 11:04 AM | 2 Comments
  • Oct. 18, 2011, 9:25 AM
    Official Chinese economic data never disappoints or exceeds expectations by too much (i, ii). It resembles GE in the days of Jack Welch, when somehow that vast conglomerate managed to hit (or beat by $0.01) the number each quarter. Like GE investors, China bulls may find out that this sort of stability is ultimately destabilizing.
    | Oct. 18, 2011, 9:25 AM
  • Oct. 13, 2011, 7:00 AM
    China's customs bureau warns of "severe" challenges as export growth slows to 17.1% in September vs. 24.5% in August, with business to Europe particularly weak. The trade surplus declines for the 3rd straight month, falling to $14.5B from $31.5B in July.
    | Oct. 13, 2011, 7:00 AM | 1 Comment
  • Oct. 12, 2011, 10:58 AM

    Ambrose Evans-Pritchard wonders whether Chinese efforts to engineer a soft-landing - currently assisting a massive worldwide risk rally over the past few days - can work. The bailouts now include the major banks, the railway system, and the key city of Wenzhou.

    | Oct. 12, 2011, 10:58 AM | 2 Comments
  • Oct. 12, 2011, 8:44 AM

    Firing a symbolic shot after the Senate passes a bill (DOA in the House and on the POTUS desk) calling for increased tariffs on Chinese imports because of currency manipulation, the PBOC guides the yuan lower to CNY 6.3598. This reverses - at least for a day - a policy of slow, steady appreciation.

    | Oct. 12, 2011, 8:44 AM | 1 Comment
  • Oct. 10, 2011, 1:19 PM
    China allows the biggest one-day jump in the yuan since July 2005 - perhaps a conciliatory message to the U.S., where Congress is threatening to punish Beijing over the currency. Maybe this easing of concerns over a trade war is behind today's rally (also, China is buying bank shares).
    | Oct. 10, 2011, 1:19 PM
  • Oct. 9, 2011, 9:27 PM

    "The world revolves around money, and it makes its own rules," says the CEO of China's Noah Holdings (NOAH). The company is a seller of wealth-management products, including trusts, which are exploding across the country as capital seeks better returns and businesses in need of credit seem willing to pay anything. The action reminds one professor of the conditions that led to the 1907 panic in the states. A great read about what sounds like a house of cards.

    | Oct. 9, 2011, 9:27 PM | 2 Comments
  • Oct. 4, 2011, 11:53 AM

    Standard Chartered's Stephen Green brushes off concerns of a hard-landing in China, saying authorities have plenty of room to ease policy. Green disagrees with the China-is-overbuilt meme, saying infrastructure projects are still necessary across the country. "China today is Japan circa 1970, not 1989."

    | Oct. 4, 2011, 11:53 AM | 1 Comment
  • Oct. 4, 2011, 6:28 AM

    In a veiled threat of a trade war, China expresses "deep regret" over a proposed bill designed to pressure Beijing on its currency policy, saying it "seriously violates rules of the WTO and obstructs China-U.S. trade ties." PBOC maintains that after factoring in inflation, the yuan is now close to a balanced level.

    | Oct. 4, 2011, 6:28 AM | 2 Comments
  • Oct. 3, 2011, 5:33 PM
    Signs of the crackup of an epic credit bubble are everywhere in China, reports Patrick Chovanec. From the runaway bosses of Wenzhou to the boom and bust of a small fishing village to a baby formula maker borrowing to get into the metals and infrastructure business, it may not be a crisis, but "something is happening. People... are right to be nervous."
    | Oct. 3, 2011, 5:33 PM
  • Oct. 3, 2011, 8:43 AM

    KPMG sounds a warning on Hong Kong banks, saying they risk being squeezed by low deposit growth as loan volume soars. Turns out, HK citizens are starting to prefer the appreciating yuan to the HKD, which is pegged to the greenback. "Transfers of renminbi will continue to erode some of the liquidity in HK's banking system. Bill Ackman says "amen."

    | Oct. 3, 2011, 8:43 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.
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Country: China
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