Yuan's status will help key business sectors
By Wu Yiyaoin Shanghai | China Daily | Updated: 2015-12-07 08:52
Stock and bond markets, along with the property sector, should benefit from last week's decision by the International Monetary Fund to include the yuan in its Special Drawing Rights basket.
But it might take time for the SDR effect to filter through, according to economists.
"It is unlikely to be immediate, not because there are concerns over depreciation of the currency, but because time and resources are needed to improve conditions in liquidity and regulation to assist greater use of the yuan," Zhang Zhiwei, an economist at Deutsch Bank, said.
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