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  1. Yuan repatriation a first step towards more lucrative cross-border services

    Posted Oct 29th 2003, 12:00am by Jane Moir

    ... trader in Shenzhen or underground bank with a chit system and fax machine to repatriate yuan to China. For years, yuan brought to Hong Kong by tourists and businessmen have trickled back across ...

  2. Yuan settlement grows in cross-border trade

    Posted Sep 20th 2010, 12:00am by Enoch Yiu

    ... Yuan cross-border trade flows with Hong Kong have grown 15-fold from 3.6 billion yuan last year to 53 billion yuan in the first half of the year, according to the People's Bank of China. ...

  3. Cross-border travellers warned on fake banknotes

    Posted Jan 14th 2009, 12:00am by Clifford Lo

    ... Police say 22pc more 100-yuan forgeries seized last year Hongkongers travelling to the mainland should watch out for fake yuan notes, police said yesterday, as the number of bogus 100-yuan notes seized rose by about 22 per cent last year. But there was no ...

  4. Magazines - Money - CURRENCIES

    Will the yuan rule?

    Posted Jun 25th 2012, 12:00am

    ... over capital flows. One vital concern Beijing is testing is the settlement of cross-border trade transactions in yuan, in which Hong Kong plays a key role. Although cross-border trade ... quarter of last year. The chart displayed shows the rapid acceleration of cross-border trade in yuan from the first quarter of 2010 to US$93 billion by the end of the third quarter of last year. ...

  5. 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, ...

  6. Yuan deal great for Hong Kong, but few others care

    Posted Jul 24th 2010, 12:00am by Shirley Yam

    ... the mainland border. In fact, deputy PBOC governor Su Ning has said: 'We regulate and monitor the cross-border flow of [yuan]. Once the money is outside, its usage and regulation is beyond our ... holding, there is a big chance of success. It is hoped that over time, once the yuan becomes a more accepted currency for cross-border transactions, there will be a natural demand for it and some ...

  7. Cashing in big on yuan trade

    Posted Apr 06th 2009, 12:00am by Staff Reporter

    ... cross-border traders for the first time to settle transactions in yuan. While the scheme is initially likely to be subject to strict limitations on who can benefit and where, the response among government officials, businesspeople and academics has been positive, as they eye the sizeable business opportunities it promises. At present, cross-border trade transactions are mostly settled ...

  8. Progress expected on yuan convertibility

    Posted Mar 12th 2011, 12:00am by Cary Huang

    ... it will make major progress over the next five years,' Hu said. She said the pilot programme of allowing the yuan to be used in settling cross-border trade would promote its convertibility. Demand for yuan was on the rise because the currency was getting more popular in cross-border transactions, Hu said. Beijing agreed to allow Hong Kong to pilot a programme to develop a yuan offshore ...

  9. Smaller firms tipped to win from open yuan trade

    Posted Mar 12th 2012, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com Beijing's latest move to relax yuan trade settlement rules will help smaller businesses use the currency to settle cross-border trades, but it's ... to settle cross-border trades in yuan. Previously, only 60,000 companies were allowed to do so. The central bank's announcement about the new rules underscores the success of a 21/2-year trial ...

  10. Yuan trade settlement tumbles in July

    Posted Sep 01st 2011, 12:00am

    ... The total yuan cross-border trade settlement conducted in the city stood at 148.97 billion yuan (HK$182 billion) in July, compared with 205.09 billion yuan in June, according to Monetary Authority ... settlement policy. In July 2009, Beijing launched a pilot scheme to allow companies to use yuan instead of US dollars to settle cross-border trade. But the trade only took off in February last year. ...




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