Bank of China to launch yuan funds in Switzerland
Tuesday, September 8, 2009 : PermalinkReuters – Bank of China will launch the first yuan-denominated investment funds in Switzerland as Chinese investors expand their horizons and look to manage exchange rate risk.
The yuan funds, to be invested in a range of global assets, will be among a batch of 24 funds denominated in different currencies issued by Bank of China in Switzerland, the bank said in a statement on its website on Tuesday.
More on this topic
(What's this?)
This Swiss Logic Has More Holes Than Their Cheese
(Investment U, 9/9/09)
Thinking the Unthinkable: What if China Devalues the Renminbi?
(naked capitalism, 2/18/10)
Switzerland Warns That UBS Could Collapse
(Shocked Investor, 2/1/10)
The Chinese wage gap is not a problem
(China and Asia Stock Alert - Glo..., 3/7/10)