Chinese yuan, ever-more a global currency

Lee Beng-Hong, head of markets at Deutsche Bank China, rescheduled his interview with China Daily three times. He flies across the country to meet clients and business partners who want ever more to move the yuan in their pocket over the border.

A major client request is for more financial products, such as interest rate options and swaps. That would allow them to hedge bulging yuan positions, said Lee in Frankfurt-based Deutsche Bank AG's Shanghai office. The building occupies four stories in the International Finance Center skyscraper. The office houses around 500 employees, the majority working in corporate banking.

Lee said Chinese regulators will soon act to make those products a reality.