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  1. E.U. woes see blood on trading floors

    Posted May 17th 2012, 12:00am

    ... data and trade data in April were worrying, Tse said. China's foreign trade slowed sharply in April. Exports rose 4.9 per cent last month from a year earlier, while imports rose just 0.3 ...

  2. BOC yuan trade centre boosts Shanghai hub hopes

    Posted Mar 21st 2012, 12:00am

    ... Daniel Ren in Shanghai ren.wei@scmp.com The Bank of China has launched a high-profile yuan trading unit in Shanghai, in a move that is seen as reinforcing the city's bid to become a global financial centre. BOC, one of the mainland's Big Four banks, would use the unit, which it describes as its second headquarters, to boost trading in bond, gold and money market ...

  3. Singapore threat to HK role as yuan trading hub

    Posted Feb 21st 2012, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com Hong Kong's role as a leading offshore yuan trading centre is facing a challenge, with some companies preferring to settle yuan trades in Singapore- ... convertible but Beijing has been gradually easing its capital controls since 2009, allowing companies to settle trade in yuan and to use yuan for mainland investments. While Hong Kong has taken ...

  4. Director denies insider trading

    Posted Jan 27th 2012, 12:00am

    ... in advance of an acquisition of Hong Kong Aircraft Engineering Company, earning almost HK$80,000 in profit. Albert Lam Kwong-yu, 66, pleaded not guilty to insider trading. He denied abusing price-sensitive information he obtained as a non-executive director of Hong Kong Aircraft Engineering Company (Haeco) to acquire 4,000 Haeco shares one trading day before Swire Pacific acquired 15 per ...

  5. Decline in HK-traded yuan indicates road of appreciation no longer one way

    Posted Oct 03rd 2011, 12:00am

    ... against global currencies. That laid the groundwork for the surprising decline in the yuan traded in Hong Kong (CNH) recently. It triggered chaos in global foreign exchange and local currency ... bank for the bonds in Hong Kong. Bank of China said on September 22 it would temporarily stop buying yuan for trade settlement. 'There's room for dim sum bond [prices to fall] ...

  6. Refiners cleared to raise petrol prices, replenish margins

    Posted Mar 24th 2005, 12:00am by Elaine Chan

    ... 3,500 yuan at the end of last year. The commission's statement boosted petrochemical stocks traded on mainland bourses. Sinopec Shanghai Petrochemical edged up 0.46 per cent to 4.37 yuan, ... a parallel 3 per cent increase in operating costs. 'The result will be material profit erosion in the short term,' the rating's agency said in a statement issued yesterday. China ...

  7. Temasek's trades in big banks like 'hedge fund'

    Posted Sep 07th 2011, 12:00am

    ... for a sovereign wealth fund to trade in and out of positions in such a short time,' said James Antos, a senior analyst at Mizuho Securities. 'This very rapid pace of trade resembles what a hedge ... was not Temasek's only recent quick trades. In early July, the sovereign fund sold 5.19 billion shares of Bank of China (BOC) for HK$3.60 per share. On August 22, it bought into 97.11 million shares ...

  8. Vice-premier boosts HK role as yuan trade hub

    Posted Aug 18th 2011, 12:00am

    ... Enoch Yiu and Gary Cheung Vice-Premier Li Keqiang yesterday announced a raft of more than 30 measures to boost the local economy by encouraging two-way investment and trade between Hong Kong and the mainland and strengthening the city's role in the internationalisation of the yuan. The business community and trade organisations generally welcomed Li's proposals, made ...

  9. Milan Station shares soar 65pc as trade starts

    Posted May 24th 2011, 12:00am

    ... Amanda Lee amanda.lee@scmp.com Shares in Milan Station, which sells used luxury handbags, shot up 65 per cent yesterday, the best first-day performance this year after months of weak debuts from initial public offerings. At one point the shares were up 77 ...

  10. Singapore seeks role as yuan trading centre

    Posted Apr 18th 2011, 12:00am

    ... agreement, according to a person familiar with the situation. Singapore is the latest of the cities that are lining up to compete with Hong Kong to become acknowledged offshore yuan trading centres as lenders in New York, London and Singapore begin offering yuan products and services. The Bank of China began offering yuan trading services in the United States in December. Australia's ANZ ...




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