At least $1 trillion of global reserves will switch into Chinese assets if the International Monetary Fund endorses the yuan as a reserve currency this year, according to Standard Chartered Plc and AXA Investment Managers.
People’s Bank of China officials have called for the IMF to include the yuan in its reserve basket — which consists of the dollar, euro, pound and yen — in a review later this year. Learn 4 ways to take advantage of this in this free report.
Reprinted with permission from Outpost Provisioning