Foreign banks will be allowed to do business in the Chinese currency with Chinese households.
If the Chinese currency is undervalued, its effect on U.S. business and job creation is negligible.
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The deal would also give Bear a boost in trading the Chinese currency once it floats freely.
The UK is looking to become a centre for the Chinese currency, also known as the renminbi.
The first offshore stocks to be denominated in Chinese currency will, in all probability, be issued this year.
Hot money from abroad also chases the Chinese currency, as columnist Steve Hanke observes on page 102.
Rather, he believes that the government authorities see the appreciation of the Chinese currency as a long-term, structural adjustment.
And over the last year or so, the Central Bank has allowed the Chinese currency the Yuan to rise.
For the very first time Americans can invest in yuan by purchasing securities denominated in the hard-to-buy Chinese currency.
Rieschel reasons that the Chinese currency fund is necessary because certain deals are difficult for foreign capital to invest in.
It is the latest stage in the freeing up of the market in the Chinese currency, which began in 2004.
There are even reports that Myanmar may soon start conducting all its Chinese trade in the Chinese currency, the yuan.
Gross margin was 12.5%, down from 13.4% a year ago, a slip the company blamed on appreciation of the Chinese currency.
This first such emerging-market window for the Chinese currency, outside the intermediary role of the U.S. dollar, is expected to spur bilateral goods trade.
It is likely that, if the Chinese currency were allowed to freely float in the forex markets, inflation in China would subside.
As the candidates clashed on global trade, it was clear that the valuation of Chinese currency would be a point of contention.
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The Chinese currency's 0.28% fall on August 15th was its biggest in a day since China revalued the yuan in July 2005.
Next would come greater cross-border commercial lending, including loans in Chinese currency.
Some speculators are already placing their bets, swapping their dollars for yuan, on the assumption the Chinese currency will soon jump in value.
U.S. business leaders and members of Congress want to see the Chinese currency appreciate in value as a way to reduce the U.S.-Chinese trade surplus.
Such funds denominated in the local Chinese currency accounted for 62 percent of deals and 48 percent of investment in the first quarter of 2011.
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By then, the Chinese currency may even face pressure to depreciate.
Yuan-based "dim sum" bonds are drawing global investors these days for their higher yields, not merely as a bet that the Chinese currency will rise.
Bank of China, which is 70%-owned by the government, now allows companies and individuals to buy and sell the Chinese currency through accounts with its U.S. branches.
Second, as President Obama (once a Chinese currency antagonist himself) learned quickly, currency policy is a very complicated issue with implications and consequences bleeding into all realms of economic policy.
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Second, a stronger Chinese currency makes the Chinese richer.
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By 2015 the Chinese currency, the renminbi (RMB), will be one of the three most traded currencies in the world, on par with the euro and the dollar, HSBC said on Friday.
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