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  1. Yuan liberalisation on fast track

    Posted Aug 25th 2011, 12:00am

    ... Daniel Ren in Shanghai ren.wei@scmp.com Beijing wants to facilitate the use of the yuan for cross-border trading and investments in September, as it seeks to internationalise the currency. ... for cross-border direct investment in China. That includes allowing foreign investors to set up or expand their manufacturing facilities. Shen said yuan liberalisation also applied to other regions, ...

  2. Contraband haul

    Posted Apr 04th 2006, 12:00am by Staff Reporter

    ... Staff Reporter Customs officials inspect $8.1 million worth of smuggled goods seized in Hong Kong waters. The goods are believed to be the work of a cross-border syndicate in Guangdong and co-operation with mainland officials is being sought to track down those involved. The consignment, including printing machines, electric motors, films and film processing chemicals, was seized after ...

  3. Hk$51m in gold and silver is grabbed

    Posted Jan 20th 2012, 12:00am

    ... Simpson Cheung simpson.cheung@scmp.com Checks on cross-border trucks will be stepped up after the value of smuggled gold and silver bars seized by customs officials went up nearly 12 times ... compartments in containers, underneath the drivers' seats or in hollowed-out truck frames. Most of the bars were smuggled from Guangdong. They were then sold to traders in Hong Kong, who did ...

  4. HKMA sets up pilot platform for bond trade

    Posted Mar 14th 2012, 12:00am

    ... cross-border repurchase services, allowing banks to use bonds held through the platform as collateral for short-term funding in yuan, Hong Kong dollars, US dollars or euros. Malaysia's Bank Negara ... development at Euroclear, said the cross-border collateral arrangement to be introduced in the second quarter would help banks manage liquidity. 'As a result of the crisis in Europe and America, ...

  5. Hard times ahead as Europe's banks cut lending to Asia

    Posted Dec 01st 2011, 12:00am

    ... then continental European lenders are still major players in Asia. Across the region, they account for 21 per cent of cross-border funding, half as much again as their US competitors. As a result, any ... banks in particular have the potential to ramp up their cross-border financing, stepping into the space vacated by retreating European lenders. And following yesterday's cut ...

  6. Customs hunts 300 buyers of smuggled cigarettes

    Posted May 12th 2012, 12:00am

    ... of HK$5.5 million were stored. Two men were arrested. Customs hit the place hours after a cross-border truck from Shenzhen smuggled in a consignment hidden in the hollow centres of 10 piles ...

  7. China says deal puts reserves at risk

    Posted Aug 03rd 2011, 12:00am

    ... Beijing officials are also encouraging Chinese companies to make cross-border investment to use up foreign currency holdings, but there is not enough cross-border managerial acumen. Chinese have ...

  8. X-ray sees through smugglers' tricks

    Posted Apr 12th 2005, 12:00am by Clifford Lo

    ... be adopted to fight cross-border smuggling. ...

  9. Beijing to step up policy fine-tuning

    Posted Aug 06th 2012, 12:00am

    ... and growth ahead of a political transition. The People's Bank of China (PBOC) said it would expand the use of yuan in cross-border settlements, promote the interbank bond market, continue ...

  10. Mainland's foreign assets fall

    Posted Jan 14th 2012, 12:00am

    ... International Business School. 'Well-educated rich people, in particular, are desperate to do so.' China still has tight controls on cross-border capital flow, although in recent years ...




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