WisdomTree Chinese Yuan ETF

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  • Jul. 20, 2011, 12:10 PM
    The U.S. will almost assuredly not miss any coupon payments on its debt, but that doesn't mean it won't default, writes Jeff Rubin. Japanese insurers suffered huge losses in the 70s, as the dollar fell 40% vs. the yen. They'd have been better off in lower-yielding JGBs. China might expect the same.
    | Jul. 20, 2011, 12:10 PM | 2 Comments
  • Jul. 12, 2011, 5:04 PM

    Australian miner Fortescue Metals (FSUMY.PK) has begun settling transactions with China in yuan, expecting to expand the practice quickly. "We are now exploring the possibilities of being paid in renminbi, purchasing equipment in renminbi from our renminbi bank accounts," says incoming CEO Andrew Forrest.

    | Jul. 12, 2011, 5:04 PM | 3 Comments
  • Jul. 5, 2011, 8:27 AM

    The modest rise in the yuan combined with booming labor costs are forcing U.S. firms with Chinese operations to cope by either jacking prices and/or moving production to other Asian nations or cheaper parts of China. Expectations China would consider a major revaluation of its currency don't consider how thin a margin China, Inc. is operating under.

    | Jul. 5, 2011, 8:27 AM | 4 Comments
  • Jul. 4, 2011, 10:33 PM

    Moody's warns it may go negative on the outlook for China's banking system, saying it has identified an additional $540B of loan exposure to local governments beyond the $1.6T discovered by a national audit. As these loans were not covered by the audit, it is likely they are especially dodgy and "pose the greatest risk of delinquency."

    | Jul. 4, 2011, 10:33 PM | 7 Comments
  • Jun. 30, 2011, 8:59 AM
    Believing flaws with current yuan policy are becoming more obvious, Bank of China says it's "very likely" Beijing will widen the trading band of the currency vs. the dollar.
    | Jun. 30, 2011, 8:59 AM | 1 Comment
  • Jun. 29, 2011, 10:31 AM
    The IMF warns against the conventional wisdom on yuan revaluation, saying job losses would be more severe and not limited to just the low-margin manufacturing industries. Everything is linked together, and it would be a mistake to believe services would not be affected by a slowdown elsewhere. Full report (pdf).
    | Jun. 29, 2011, 10:31 AM | 1 Comment
  • Jun. 28, 2011, 11:49 AM
    HSBC (HBC) chief Stuart Gulliver says to expect the yuan as one of the three main reserve currencies in 15-20 years, along with the dollar and euro. China's former central bank chief Dai Xianglong agrees with that timetable: massive yuan trade settlements, then free convertibility, then reserve currency.
    | Jun. 28, 2011, 11:49 AM
  • Jun. 23, 2011, 7:56 AM
    PBOC adviser Xia Bin adds his name to the list urging China to diversify its fx holdings. After putting aside a sufficient amount to stabilize the exchange rate, China should invest in areas of strategic importance - high tech, green technologies, gold - and higher yield.
    | Jun. 23, 2011, 7:56 AM
  • Jun. 20, 2011, 12:07 PM
    One year since China ended the yuan's peg to the dollar and the currency has risen 5.5%. This hasn't dented the China's trade surplus with the U.S., which is larger so far in 2011 than it was in 2010. Throw in the dollar's fall against the euro and things are even tougher for the manufacturing sectors of the EU periphery.
    | Jun. 20, 2011, 12:07 PM | 1 Comment
  • Jun. 20, 2011, 8:37 AM
    A survey of bankers shows them expecting another 25-50 basis points of PBOC tightening this year. More amazing than the boom in China is the tepid rate of monetary tightening experts anticipate given the economy is in need of a Volcker-like squeeze.
    | Jun. 20, 2011, 8:37 AM
  • Jun. 13, 2011, 1:38 PM

    Continuing to promote the yuan's use in trade settlement, China opens a $1B currency swap agreement with Kazakhstan. It's the latest in a number of deals with key trading partners. Two of note are with Iceland and Belarus, as China steps in assist countries with collapsed currencies.

    | Jun. 13, 2011, 1:38 PM
  • Jun. 9, 2011, 7:38 AM
    In Beijing to drum up support she really doesn't need to become next IMF chief, Christine Lagarde plays the good cop, complimenting China for allowing to yuan to rise. Separately, the IMF's man in China, Nigel Chalk, says "the yuan hasn't moved very much," and calls for speedier action.
    | Jun. 9, 2011, 7:38 AM
  • Jun. 7, 2011, 9:20 AM

    "We need drastic measures," says PBOC advisor Zhou Qiren, contending China's policy of printing yuan with which to mop up excess greenbacks is fueling inflation. "We must reform ... (or) our economy will always be in turmoil."

    | Jun. 7, 2011, 9:20 AM
  • Jun. 7, 2011, 7:30 AM
    "The U.S. may find it hard to resist the policy temptation of weakening the dollar abroad," writes Guan Tao, a senior official of China's SAFE, who warns his country against the risks of excessive dollar holdings. The article, published on a Beijing think-tank website, was later removed.
    | Jun. 7, 2011, 7:30 AM
  • Jun. 6, 2011, 1:12 PM

    China's well-to-do citizens are moving money and/or themselves out of the country at a startling rate. A new study puts at 60% the number who are either considering or completing the emigration process, mostly in violation of Chinese law. This coincides with Treasury picking up a surge in hidden cash transfers since summer 2010.

    | Jun. 6, 2011, 1:12 PM | 13 Comments
  • Jun. 6, 2011, 7:42 AM

    An article in China Daily suggests another rate hike could come as early as this week, ahead of the release of the latest inflation figures. "It would be reasonable to (raise rates) by at least 75 basis points this year," says Li Daokui, a PBOC adviser.

    | Jun. 6, 2011, 7:42 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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