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  1. Business - Banking & Finance - CURRENCIES

    Mainland Chinese banks eye Luxembourg as euro zone hub

    Posted Oct 06th 2014, 04:10am by Toh Han Shih

    ... in the second half of last year and more than double the 29.3 billion yuan in the second half of 2012, according to official Luxembourg data. Yuan deposits held by banks in Luxembourg rose to 67.2 ... Toh Han Shih hanshih.toh@scmp.com Yuan loan portfolios in the grand duchy up 35pc from year earlier to 72.8b yuan in first half Mainland banks eye Luxembourgas euro hub Luxembourg ...

    http://www.scmp.com/business/banking-finance/article/1610250/mainland-chinese-banks-eye-luxembourg-euro-zone-hub
  2. Business - Banking & Finance - CURRENCIES

    Bets on appreciation no longer the driver of yuan deposits in Hong Kong

    Posted Mar 25th 2014, 01:32am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Interest rate difference and the city's economic growth have become the driving forces behind the rise in yuan deposits in offshore markets Hopes for stronger yuan lose steam in HK Bets on yuan appreciation have long been deemed the key reason for the accumulation of yuan deposits in offshore banking systems, but Hong Kong regulators say ...

    http://www.scmp.com/business/banking-finance/article/1456435/bets-appreciation-no-longer-driver-yuan-deposits-hong-kong
  3. Business - Banking & Finance - CURRENCIES

    Yuan deposits set to leap to one trillion by end of 2013

    Posted Feb 01st 2013, 12:00am by Charlotte So

    ... in Qianhai can borrow yuan from banks in the city, Hang Seng Bank says. The pool of yuan deposits in Hong Kong rose 5.6 per cent last month from November to 603 billion yuan. It has surged from less ... economist of Hang Seng Bank, said: "Hong Kong's offshore yuan deposits could grow at a faster pace, reflecting an expected rebound in cross-border trade settlement flows and potentially ...

    http://www.scmp.com/business/banking-finance/article/1140632/yuan-deposits-set-leap-one-trillion-end-2013
  4. Business - Banking & Finance - CURRENCIES

    Yuan deposit growth to 'maintain last year's momentum', says BOCHK

    Posted Feb 12th 2014, 12:50am by Jeanny Yu and Kanis Li

    ... Jeanny Yu and Kanis Li Yuan seen maintaining growth momentum Bank of China (Hong Kong) expects the city's yuan deposits to keep growing despite capital outflow risks, reaching 1.16 ... manager and head of yuan business at BOCHK, the sole clearing bank for yuan business in Hong Kong, said he expected deposits of the currency in Hong Kong would grow by as much as 300 billion yuan ...

    http://www.scmp.com/business/banking-finance/article/1426181/yuan-deposit-growth-maintain-last-years-momentum-says-bochk
  5. Business - Banking & Finance - CURRENCIES

    Yuan deposits set to outpace Hong Kong dollar, HSBC says

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

    ... part of Hong Kong dollar deposits and result in tightening liquidity as the yuan is still not a fully convertible currency, she said. "More banks will have to strengthen their stable ... in the future." In 2011, Hong Kong banks were less able to lend out money, usually in Hong Kong dollars and US dollars, because only yuan deposits were growing in the system. Banks had to pay higher ...

    http://www.scmp.com/business/banking-finance/article/1371325/yuan-deposits-set-outpace-hong-kong-dollar-hsbc-says
  6. Business - Money - CURRENCIES

    Dim sum bonds open new profits path for investors in Taiwan

    Posted Aug 18th 2014, 04:01am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com New bonds open yuan channels for Taiwan deposits Taiwan’s commercial banks have been earning sizeable profits through yuan deposits from the public, ... Most of them, even institutional investors, chose to save yuan as deposits at banks,” Zhou said. Taiwan has fewer than 30 Formosa bonds in issue since Beijing approved them last year. ...

    http://www.scmp.com/business/money/markets-investing/article/1575791/dim-sum-bonds-open-new-profits-path-investors
  7. Business - Banking & Finance - CURRENCIES

    Yuan deposits see wide range in rates

    Posted Jul 17th 2013, 12:00am by Jeanny Yu

    ... of just 0.6 per cent to attract six-month yuan deposits, China Construction Bank (Asia) on Monday offered up to 5.2 per cent to new customers for fresh deposits. China Citic Bank International, ... Yet the deposit rates that many banks are offering are still far higher than that figure. "Lots of Chinese banks, such as China Construction Bank, may have been affected by the credit ...

    http://www.scmp.com/business/banking-finance/article/1284285/yuan-deposits-see-wide-range-rates
  8. Business - Economy - CURRENCIES

    Beijing's political ties crucial to liberalising the yuan

    Posted Oct 13th 2014, 04:13am by Jeanny Yu

    ... this activism, such as the political support gained from countries that back its currency initiatives. The central banks that have given high-profile endorsement of China's monetary ambitions ... an agreement with Beijing to set up the first yuan clearing bank in Europe; Paris announced that it was granted access to the renminbi qualified foreign institutional investor (RQFII) scheme ...

    http://www.scmp.com/business/economy/article/1615372/beijings-political-ties-crucial-liberalising-yuan
  9. Business - Banking & Finance - CURRENCIES

    Mainland China banks set own yuan rates for retail clients

    Posted Jul 04th 2014, 01:41am by DON WEINLAND

    ... on the heels of a series of piecemeal reforms that are pushing banks to compete more actively for foreign currency deposits. Last week, the central bank removed the cap on deposit rates for foreign ... Don Weinland don.weinland@scmp.com Beijing's latest easing on exchange rate with greenback comes in lead-up to talks with US Mainland banks set own yuan rates for retail clients ...

    http://www.scmp.com/business/banking-finance/article/1546129/mainland-china-banks-set-own-yuan-rates-retail-clients
  10. Business - Banking & Finance - CURRENCIES

    Surge in yuan holdings by banks prompts concern in Seoul

    Posted Mar 20th 2014, 01:35am by Reuters

    ... as mainland banks aggressively raise funds overseas in response to tighter credit back home. Because the won cannot be directly converted into yuan, the deposits are built through a structured product ... if their deposits are used to fund risky loans on the mainland that subsequently go sour. The four banks being inspected were Bank of China, Industrial and Commercial Bank of China, China Construction Bank ...

    http://www.scmp.com/business/banking-finance/article/1452791/surge-yuan-holdings-banks-prompts-concern-seoul

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