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  • November 23, 2014
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  1. CSRC reveals the fiction of China's market economy

    Posted Jun 03rd 2008, 12:00am by Jake Van Der Kamp

    ... to sell their holdings. Let me amend that statement. It would be ludicrous in a market economy but the CSRC has just served us notice again that China does not have a market economy. The one ... be punished if they don't comply. 'The China Securities Regulatory Commission said mutual funds should support falling stocks even though other investors were selling their holdings amid ...

  2. Some impact on yuan deposits seen

    Posted May 07th 2008, 12:00am by Staff Reporter

    ... dollar deposits yield almost zero return while the yuan is expected to continue strengthening. On Monday, Bank of China (Hong Kong), the city's yuan clearing bank, widened the spread between the Hong Kong dollar buying and selling rates of the yuan from 10 basis points to 75 basis points for member banks. BOCHK said it made the move after the China Foreign Exchange Trading System, ...

  3. Yuan deals seen decreasing

    Posted May 22nd 2008, 12:00am by Staff Reporter

    ... are very sensitive to the buy-sell spread,' he said yesterday in an interview on Cable TV. Bank of China (Hong Kong), the city's yuan clearing bank, widened the spread between the Hong Kong dollar buy and sell rates for the yuan early this month from 10 basis points to 75 basis points for member banks. BOCHK said it made the move after the China Foreign Exchange Trading ...

  4. Mainland risks a return to central-planning mindset

    Posted Jan 28th 2008, 12:00am by James Dorn

    ... James Dorn For 30 years, China has been making progress in transforming from a planned economy to a market economy. Most prices are now set by demand and supply, China is the world's ... is the extent of economic freedom- and China still has a long journey to become a market-liberal economy. If the Chinese are to be 'masters of their own country', the goal proclaimed ...

  5. BOC to issue special banknote for HK

    Posted Jul 11th 2008, 12:00am by Dennis Eng

    ... Dennis Eng Hong Kong will get its very own commemorative banknote for next month's Olympic Games because it is hosting the equestrian events, Bank of China (Hong Kong) said yesterday. ... of China announced 60 million yuan worth of the specially designed 10-yuan banknotes would be issued on Tuesday to mark the Beijing Games. The next day, at the Bank of China's Xidan ...

  6. Thousands in banknote queuing marathon

    Posted Jul 15th 2008, 12:00am by Celine Sun

    ... Celine Sun Thousands of people queued outside Bank of China branches in heavy rain last night for commemorative Olympics banknotes that would not go on sale for another 48 hours. ... were needed to keep order. Conflicts flared up occasionally when people argued over places in line. Bank of China (Hong Kong) will begin selling the notes at 9am tomorrow, a spokeswoman said. ...

  7. Chaos or joy? Two views on banknotes

    Posted Jul 16th 2008, 12:00am by Celine Sun

    ... Joshua But, Tiffany Lam and Celine Sun Legislators in a lather, police happy at queue Lawmakers have criticised the Bank of China (Hong Kong) for the chaos surrounding arrangements ... yesterday that the public's response to the Olympic banknotes had exceeded Bank of China's expectations. 'But from a positive angle, [the public's passion towards the Olympics] ...

  8. China's chance to lead the global economy

    Posted Sep 24th 2008, 12:00am by Philip Bowring

    ... or Japan, China or France. They have not been printing IOUs on an unprecedented scale to the save the face of a corrupted financial system. But recent events have caused global damage to capitalism ... and by a China willing to absorb limitless amounts of US dollars into its reserves for lending back to America, while inflating its own money supply. For China, the question now is whether it has ...

  9. Results

    Posted Sep 15th 2008, 12:00am by Staff Reporter

    ... Tomorrow Interim: Beijing Development (Hong Kong), Beijing Enterprises Water Group, China Golden Development Holdings, China Sunshine Paper Holdings, Coslight Technology International ... Properties (H.K.), Beauforte Investors Corporation, Beijing Enterprises Holdings, Broad Intelligence International Pharmaceutical Holdings, Burwill Holdings, China Aoyuan Property Group, China ...

  10. Internet booking spares Macau the push and shove

    Posted Jul 17th 2008, 12:00am by Fox Yi Hu

    ... Fox Yi Hu Macau residents seem to be in a different league from Hongkongers when it comes to queuing for commemorative Olympic banknotes. Between 100 and 200 people lined up overnight at Bank of China branches in the city before they opened yesterday- a far cry from the thousands who queued through a massive thunderstorm in Hong Kong on Monday night. Queues in Macau were ...




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