ING's Gupta: Yuan to become reserve currency in two years

clock •

ASIA - ING Investment Management Asia's CIO believes the yuan will become a reserve currency within the next two years driven by the ongoing debt problems in Europe and the US.

Pranay Gupta said the yuan will continue to appreciate despite as China seeks to control inflation and assets continue to move away from developed markets. "For the moment therefore, despite wha...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Asia

Asia

Asia assets to hit $4trn by 2015

ASIA - Asia ex-Japan and Australian assets are set to double by 2015, reaching $4tr, according to a recent study by Cerulli Associates.

Jenny Cosgrave
clock 25 October 2011 •
Asia

Asian investors to search for returns in alternatives

ASIA - Asian institutional investors outside of Japan are looking to boost returns by investing more heavily in liquid alternatives, high yield debt and emerging markets while Japanese investors are looking for non-domestic opportunities, a new survey...

Raquel Pichardo-Allison
clock 12 October 2011 •
Asia

Aviva appoints Asia Pacific business development head

ASIA - Aviva Investors has appointed Patrick Chong as head of financial institutions business development - Asia Pacific.

Chris Panteli
clock 06 October 2011 •
Trustpilot