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WisdomTree Chinese Yuan ETF (CYB)

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  • 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.
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  • 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.
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  • 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."
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  • 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.
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  • 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.
    | 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.
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  • Jun. 3, 2011, 4:55 PM
    With China accounting for a bigger share of its iron ore revenue, Rio Tinto (RIO) considers settling its sales in yuan instead of greenbacks. "It's complex," says CEO Sam Walsh, "our financing is in dollars and trading in dollars acts as a natural hedge, but it's certainly something we will be looking at and studying."
    | 1 Comment
  • Jun. 3, 2011, 10:52 AM
    China's drive to settle overseas transactions in yuan is having the perverse effect of increasing the country's dollar holdings. With folks expecting the yuan to rise, foreign importers won't part with their renminbi while foreign exporters rush to accept it, leaving the PBOC with larger dollar reserves.
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  • Jun. 3, 2011, 7:24 AM
    Two apparently deliberately timed pieces in Chinese newspapers are tipping a policy of faster yuan appreciation. Both called for widening the daily trading band as a way to help control inflation. Past band widenings have typically signaled a speedier rise in the yuan's value.
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  • Jun. 2, 2011, 2:58 PM
    Acknowledging a housing bubble in China, the head of China Construction Bank (CICHF.PK), the country's largest mortgage lender, says the lack of leverage in the property sector should limit any downturn. On the yuan, he sees the currency becoming fully convertible within 5 years.
    | 1 Comment
  • Jun. 1, 2011, 7:43 AM
    Agincourt Capital - a startup U.K. asset management company - in what would be the first yuan-denominated bond sale outside of China, is attempting to raise $1B to invest in recently booming, now rolling over Australian real estate. Sounds like a winner.
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  • May 30, 2011, 2:46 PM
    Shanghai's attempt to snap a seven-day slump fails at the last minute. While some economists aren't worried about the recent Beijing-induced drop in growth, others worry deeply entrenched inflation will force China to keep its foot on the brakes for a long time.
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  • May 27, 2011, 4:25 PM
    A classic news dump late in the afternoon before a 3 day weekend, the U.S. Treasury rules China is not manipulating its currency to gain trade advantage, even as it calls for a quicker rate of yuan appreciation. The action is not unexpected and continues longtime U.S. policy of huffing and puffing.
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  • May 27, 2011, 11:21 AM
    The dollar is down solidly across the board, particularly vs. the Swiss franc, where the greenback has fallen to a new all-time low. Chatter is on the rise that rate hikes could begin in Switzerland as soon as June. FXF +1.5%, UUP -0.8%.
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  • May 25, 2011, 8:25 AM
    The OECD calls on China to hike rates another 50 basis points, warning the country not to resort to price controls to check inflation just because the economy is slowing. "This would reverse progress in lessening state control of the economy," says the group.
    | 1 Comment
  • May 23, 2011, 7:31 AM
    The HSBC China PMI for April falls to 51.1, the slowest pace in 10 months. "There is no need to worry about a hard landing," say the bank's analysts, although admitting price stability has  taken over from growth as policymakers' key focus. Chinese shares are slammed, -2.9%.
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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.
See more details on sponsor's website
Country: China
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