As The Straits Times reports, central banks have a growing appetite for risk, wanting more exposure to the Chinese yuan,- a view that is also adopted by sovereign wealth funds around the world, a new survey has found.
While less than 1 per cent of central bank portfolios were invested in renminbi, 43 per cent of them were interested in gaining more exposure to the currency, an annual soverign asset management study said. Thirty-five per cent of global sovereign wealth funds reported that they were seeking renminbi exposure.
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While less than 1 per cent of central bank portfolios were invested in renminbi, 43 per cent of them were interested in gaining more exposure to the currency, an annual soverign asset management study said. Thirty-five per cent of global sovereign wealth funds reported that they were seeking renminbi exposure.
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