Standard Chartered banks on yuan assets amid US-China tensions, Trump risks

Quick Summary:

The lender has already seen higher demand for foreign-exchange management and hedging, and the need will only grow, an executive says.

The onshore yuan has weakened by 1.98 per cent against the US dollar since the US presidential election in November, as China’s central bank continues to hold the line in the face of concerns over the country’s economic outlook in Trump’s second term.

The need for companies and financial institutions to manage risks will keep growing, Thang said.

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Article Details

Author / Journalist: Aileen Chuang

Category: Business

Markets: Hong KongChina

Topics: Yuan Market Markets Chartered Thang Standard Management China Trump’s Trump Bank’s

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-27 @ 08:00:16 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 204 words

Reading Time: 2 minutes read

Sentences: 6 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 25471202

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