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  • April 18, 2014
  • Last updated: 5:01am
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Results 1 - 10 of 22 for hsbc restructuring

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  1. Business - Economy - CURRENCIES

    Canada steps up push to create yuan trading hub

    Posted Feb 08th 2014, 05:12am by Bloomberg

    ... capital markets. Canadian Finance Minister Jim Flaherty received a personal briefing on the matter last year from government officials before a meeting with HSBC executives, documents obtained ... this objective." China has already signed agreements to trade its currency more freely with Singapore, London and Frankfurt as part of an economic restructuring that includes taking steps to loosen ...

  2. Business - Banking & Finance - CURRENCIES

    Yuan to be fully convertible by 2017, says Gulliver

    Posted Mar 28th 2014, 01:40am by Jeanny Yu

    ... path will not be an easy one as slower economic growth and debt problems pose policy challenges, HSBC said. Stuart Gulliver, the chief executive of Europe's biggest bank, said he expected ... "The reform process will not slow down. If anything, it will increase in speed, albeit in a controlled manner," Gulliver said yesterday in a forum on the yuan held by HSBC. The reform ...

  3. Business - Economy - CURRENCIES

    Volatile yuan tires Hong Kong exporters out

    Posted Mar 24th 2014, 04:45am by Denise Tsang

    ... according to HSBC global research. HSBC blamed the poor data on a cocktail of factors- slowing home sales, the legacy of curbs on official extravagant spending and previous tightening of monetary ...

  4. Business - Banking & Finance - CURRENCIES

    Shanghai official's vow on imminent freeing up of yuan a bone of contention

    Posted Mar 18th 2014, 08:22am by George Chen

    ... adopting a conservative approach to foreign exchange reform. That "suggests that the authorities are still approaching market reform and the restructuring process in a measured and cautious ...

  5. Business - Banking & Finance - CURRENCIES

    Yuan depreciation raises investment risks

    Posted Mar 10th 2014, 05:59am by Jeanny Yu

    ... It begs the question: are the recent moves by China's central bank going to drive investors away? Rongrong Huo, head of yuan business at HSBC Europe, said: "All we want to do is have ...

  6. Business - Banking & Finance - CURRENCIES

    Yuan deposits set to outpace Hong Kong dollar, HSBC says

    Posted Dec 03rd 2013, 05:45am by KANIS LI

    ... Kanis Li Kanis.li@scmp.com HSBC says expansion of the mainland currency globally is spurring its greater use in the city, with total deposits expected at 30pc by 2015 Yuan deposits set to outpace HK dollar In a growing sign of the Chinese currency's dominance, HSBC said the city's yuan deposits are likely to grow at a faster pace than Hong Kong dollar and other currency ...

  7. Business - Economy - CURRENCIES

    China and UK in talks over London yuan clearing bank

    Posted Feb 20th 2014, 11:16am by Jeanny Yu

    ... clears about 700 billion yuan every day, while the other banks clear about 200 billion yuan a day each, Yang Ruhai, head of yuan business at BOCHK, said in a previous interview. HSBC and Standard ...

  8. Business - Banking & Finance - CURRENCIES

    London challenges Hong Kong with BOC's yuan bond

    Posted Jan 09th 2014, 01:49pm by Jeanny Yu

    ... fixed-income analyst at HSBC. It would be natural for European issuers to choose London KEVIN LAU, STANDARD CHARTERED Europe has seen the second-biggest volume of yuan bond issues in the past three ... to Dealogic. That compares with 77.1 per cent issued in North Asia. Offshore yuan debt issuance could rise by up to 60 per cent to 520 billion to 570 billion yuan this year, HSBC has estimated. ...

  9. Business - Banking & Finance - CURRENCIES

    Economic growth to propel yuan's rise next year

    Posted Dec 16th 2013, 04:28am by Jeanny Yu

    ... official rhetoric in favour of a market-oriented yuan," said Paul Mackel, head of Asian currency research at HSBC. "In lieu of such developments, it is hard to see policymakers being more ...

  10. Business - Economy - CURRENCIES

    Yuan strength raising market expectations

    Posted Oct 15th 2013, 02:07pm by Jeanny Yu

    ... signal to the market that exports are no longer the top priority on the government's agenda," said Wang Ju, a senior Asia foreign exchange strategist at HSBC. "Their key focus ... the onshore spot and fix has now narrowed to 291 basis points, much lower than levels seen for most of the year, according to an HSBC note released yesterday. A narrower gap is normally a precondition ...




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