Business · 1 hour ago

China's yuan won't replace dollar as top global currency - Jean Lu

Standard Chartered's China CEO, Jean Lu, said on Wednesday that the yuan won't challenge the US dollar for global reserve holdings in her career. China's capital controls meant the yuan comprised only 2% of global foreign exchange reserves in early 2026, while the dollar accounted for 57%. However, Lu believes the yuan could compete with currencies like the Japanese yen or British pound.

By BriefTea Editorial · 30 September 2026 at 9:56

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