Yuan suffers biggest fall since 2011

Pro-democracy protests in Hong Kong have caused the value of the offshore yuan to drop 0.26 per cent against the US dollar this week, with 29th September recording its biggest drop since 2011. As business is affected, activity is moving to the mainland's financial centres instead, reports Reuters.

"This hurts Hong Kong’s status as the biggest offshore yuan hub negatively in the long term because the political risk quotient has increased significantly," said Sean Yokota, Singapore-based head of Asian strategy at Nordic investment bank Skandinaviska Enskilda Banken AB.