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WisdomTree Chinese Yuan ETF (CYB)

  • Aug. 26, 2013, 3:04 AM
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  • Aug. 22, 2013, 2:09 AM
  • Jul. 5, 2013, 4:44 AM
    China is establishing an experimental free-trade zone in Shanghai to test some of the government's financial reforms, including increasing the convertibility of the yuan and interest-rate liberalization, although it's not clear how the zone will operate. The proposal is a further step in China's plan to loosen its capital controls and facilitate the internationalization of the renminbi. The plan, says HSBC economist Qu Hongbin, is "the pilot's eventual national roll-out."
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  • Jul. 4, 2013, 7:40 AM
    China could "announce full capital account convertibility of the renminbi" (CYB) in a few years, Guan Tao, an architect of China's exchange rate reform, said at a conference that took place earlier this year but has only just been reported. China hopes that the liberalization of the yuan will enable it to rival the dollar as a global currency. However, the IMF's Markus Rodlauer warned that while China's aims are "well placed," going too fast "risks accidents and crisis." China would be "served well by continuing its careful approach."
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  • Jun. 28, 2013, 12:19 PM
    "The China growth story is starting to unravel," says Deutsche Bank and this - not the Fed - is behind market skittishness. The PBOC's seeming desire to engineer a squeeze in the banking system is compounding the pressure. While a full-blown financial crisis may be unlikely, there remains a strong chance of a yuan (CNY, CYB) devaluation, says the team. Continuing strength in the greenback should suck even more liquidity out of emerging markets (EEM, VWO, DEM, EMB).
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  • Jun. 24, 2013, 3:48 AM
    China took another important step towards internationalizing the renminbi over the weekend after the People's Bank of China and the Bank of England signed a three-year currency swap arrangement worth up to 200B yuan ($33B). The agreement adds to 20 that China has with other countries and regions, but this is the first one with a major industrialized nation. The deal will allow the BOE to draw on the line if there is an unexpected shortage of renminbi in the U.K. (PR)
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  • May 23, 2013, 3:17 AM
    China PMI shrinks for the first time in seven months, dropping to 49.6 from 50.4 in April, missing expectations. HSBC, who collect the data, didn't mince words in an appeal to Beijing: "The cooling manufacturing activities in May reflected slower domestic demand and ongoing external headwinds. A sequential slowdown is likely in the middle of Q2, casting downside risk to China's fragile growth recovery. Moreover, the further signs of labor market slackness call for more policy support. Beijing still has fiscal ammunition to do so." ETFs: FXI, GXC, PGJ, YAO, FCHI, PEK, CAF, YXI, XPP, FXP, MCHI, YINN, YANG, TCHI, CHXF; BONDS: RMB, DSUM, CHLC, CNY, CYB, FXCH
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  • May 20, 2013, 8:22 AM
    Guggenheim announces the closing of its Chinese Yuan bond ETF (RMB), effective June 14 as the fund failed to generate significant investor interest since its 2011 launch. The fund’s May dividend distribution will be suspended which should maximize the amount shareholders will receive at liquidation on or about June 21st.
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  • May 3, 2013, 4:32 AM
    The fact that China hasn't acted to curb strength in the yuan (CYB) is evidence of the government's confidence in the resiliency of the Chinese economy, some analysts and economists say. The yuan hit an all-time record high against the dollar Thursday and although the currency is only allowed to trade in a certain band relative to the greenback, recent manufacturing data which points to weakness in new export orders (I, II, III) makes it especially interesting that an interventionist government remains on the sidelines in terms of devaluation.
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  • Apr. 19, 2013, 9:10 AM
    China's anticipated widening of the yuan bank could come wtihin the next 72 hours, say UBS analysts. If so, it would coincide with G-20 meetings next week, and come nearly one year to the day from the last widening. "(The) economy must be operating to the government's satisfaction," says UBS. CYB +1.2% YTD.
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  • Apr. 18, 2013, 5:31 AM
    The People's Bank of China intends to further widen the yuan's trading band "in the near future," PBOC Vice Governor Yi Gang has told the IMF's Spring meeting. Yi's comments have been interpreted as an attempt to avert criticism of China ahead of a G-20 meeting today and tomorrow. The yuan has climbed 0.9% vs the dollar since the start of the year, adding to a 1% gain last year.
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  • Apr. 11, 2013, 3:32 AM
    China's foreign exchange reserves climbed by $130B to $3.44T in Q1, the largest quarterly rise for almost two years. The inflow helped boost credit growth, with total new financing surging 58% on year to 6.2T ($1T). Bank loans rose 16% but those in the "shadow-banking" system, which have caused much concern, more than doubled.
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  • Apr. 8, 2013, 3:23 AM
    The Australian dollar will this week become the third currency to trade directly with the yuan as China continues the internationalization of its currency. The country's central bank has granted ANZ (ANZBY.PK) and Westpac (WBK) the rights to trade in the dollar and renminbi. With China being Australia's largest trading partner and buying over 25% of its exports, the move should help cut trading costs.
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  • Apr. 2, 2013, 11:43 AM
    The yuan's biggest move higher in 2013 overnight has the currency at its strongest level in nearly 2 decades, with the greenback buying just 6.1986 of them. An uptick in Chinese economic activity combined with a bit of softening in the U.S. might be enough to tilt capital flows just a bit more towards China.
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  • Mar. 22, 2013, 8:54 AM
    The yuan neared a 19-year high of 6.2711/dollar overnight, with the punditry saying the PBOC is letting it rise on optimism about the economy's strength. In a TV appearance, Markus Rodlauer - the IMF's China mission chief - says the currency remains "moderately undervalued." 
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  • Mar. 15, 2013, 4:43 AM
    China further continues the internationalization of the yuan by setting up three pilot schemes that ease strict cross-border currency regulations for 13 multi-national corporations, including Caterpillar (CAT), Shell (RDS.A), Intel (INTC) and Samsung (SSNLF.PK), which estimates the scheme will save it $10M a year.
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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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