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ChinaAMC Launches Yuan-Denominated Fund to Boost De-Dollarization

7/28/2025

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Story summary
  • ChinaAMC has introduced the first yuan-denominated tokenized money market fund, advancing China's de-dollarization strategy.
  • This fund enables stablecoin holders to earn interest without a minimum investment, ensuring liquidity.
  • Standard Chartered serves as the custodian, providing security for this new financial product.
  • Offshore yuan liquidity in Hong Kong is expected to rise to 5 trillion yuan (US$696 billion) in five years.
  • The initiative fosters financial innovation and supports the yuan's internationalization.