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  1. Business - Money - CURRENCIES

    European renminbi payments double, with Britain and Germany leading way

    Posted Aug 27th 2014, 09:28am by Jeanny Yu

    ... onshore bonds and equities. Switzerland also signed a bilateral currency swap agreement with the PBOC and obtained a quota to invest in the country's interbank bond market last month. ...

  2. Business - Banking & Finance

    Currency caution

    Posted Oct 19th 2013, 03:12am by Reuters

    ... Reuters and Jasper Moiseiwitsch jasper.moiseiwitsch@scmp.com PBOC's blatant meddling to hold back the rally in the yuan suggests a deep-seated wariness by regulators about plans ... meddling to hold back the pace of appreciation shows deep wariness of currency liberalisation. The decision by the People's Bank of China (PBOC) to allow market forces to push the yuan up more ...

  3. Comment - Insight & Opinion

    Renminbi's volatility simply growing pains of emerging international role

    Posted Apr 28th 2014, 04:03am by DAN STEINBOCK

    ... only appreciate. The PBOC wanted to defuse the role of the speculators. So in mid-January, the PBOC began to set weaker fixings, which undermined the assumption of ever-continuing appreciation (the yuan peaked at 6.23 on March 20). Then came March 15, when the PBOC widened the daily trading band for US dollar and Chinese yuan, doubling it to +/-2 per cent- another milestone ...

  4. Business - Banking & Finance - REGULATION

    Firms allowed to give yuan loans to overseas units

    Posted Jul 11th 2013, 12:00am by BLOOM

    ... of China said on its website yesterday. The so-called yuan-pool lending could be shared between subsidiaries or affiliated firms of one company, the PBOC said. Beijing has promoted the role ... yuan to their affiliates as part of a trial programme. Standard Chartered announced in November that it won approval from the PBOC to help an unidentified American company lend 3.3 billion yuan ...

  5. Business - Banking & Finance - REGULATION

    Central bank raises hope for more currency reform

    Posted Nov 20th 2013, 01:52pm by Reuters

    ... Reuters in Beijing And limits on iPBOC will gradually expand the yuan's trading band to help make the currency more flexible and market-driven, says Zhou Xiaochuan Central bank raises ... the central bank is trying to rein in the currency's strength. "The PBOC is still intervening heavily to prevent the [yuan] from appreciating more," said RBS economists Louis Kuijs ...

  6. Business - Banking & Finance - CAPITAL MARKETS

    Falling dim sum yields reflect yuan hopes

    Posted Dec 11th 2013, 05:05am by BLOOM

    ... is opening up the mainland's capital markets as Beijing bolsters the international use of the yuan in global trade and investment. The PBOC's Shanghai branch aimed to implement most ... Kowalczyk, a strategist at Credit Agricole CIB, wrote in a report on Monday. The PBOC raised the yuan's reference rate by 0.17 per cent to 6.1130 per US dollar on Monday. ...

  7. Business - Banking & Finance - CURRENCIES

    Yuan decades away from being global reserve currency

    Posted Apr 11th 2014, 10:18am by Victoria Ruan

    ... centres in recent years, after kicking off trials on cross-border trade settlement using the yuan in 2009. About 15 per cent of the mainland's trade was settled in yuan last year. The PBOC ... researcher at the Chinese Academy of Social Sciences, a government think tank. The yuan had appreciated steadily against the dollar for more than three years before the PBOC reversed the trend ...

  8. Comment - Insight & Opinion

    Price volatility signals the yuan is closer to becoming a global currency

    Posted May 05th 2014, 03:01am by GORDON FRENCH

    ... of the renminbi as a one-way street are over. This should not come as a shock. Zhou Xiaochuan, the governor of the PBOC, has been saying for months that the government wants to expand two-way flexibility. ...

  9. Business - Banking & Finance

    Fixing lifts yuan near highest in 20 years

    Posted Dec 24th 2013, 01:55am by BLOOM

    ... and official exchange rates at the end of 1993. It can diverge a maximum 1 per cent from the PBOC's daily fixing. In Hong Kong's offshore market, the yuan rose 0.04 per cent to 6.0676 per ...

  10. Business - Banking & Finance - JAKE'S VIEW

    Swift too quick to hail yuan as a major currency in trade finance

    Posted Dec 05th 2013, 06:00am by Jake Van Der Kamp

    ... to the mainland. They then have the means of speculating on further yuan strength. It's a gift given them by PBOC policy. Don't ask what might happen should the PBOC finally decide to call a halt ...




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