• Wed
  • Aug 20, 2014
  • Updated: 4:03pm


The Chinese yuan, also known as the renminbi, is already convertible under the current account - the broadest measure of trade in goods and services. However, the capital account, which covers portfolio investment and borrowing, is still closely managed by Beijing because of worries about abrupt capital flows.

Guangzhou Shipyard sailing

PUBLISHED : Thursday, 27 August, 1998, 12:00am
UPDATED : Thursday, 27 August, 1998, 12:00am

Guangzhou Shipyard said its interim earnings almost doubled to 20.17 million yuan (about HK$18.76 million) in the first six months, as its turnover rose 30.36 per cent to 802.36 million yuan. Earnings per share surged 98 per cent to 4.08 fen. No interim dividend was proposed.


For unlimited access to:

SCMP.com SCMP Tablet Edition SCMP Mobile Edition 10-year news archive




SCMP.com Account