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  1. 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
  2. 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
  3. 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
  4. 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
  5. 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
  6. 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
  7. Business - Banking & Finance - CURRENCIES

    Hong Kong urged to expand its advantage in yuan trade

    Posted Apr 12th 2014, 12:59am by Ray Chan, Jeanny Yu

    ... Hong Kong to play a more active role in widening its issuer base in the city's offshore yuan market by leveraging its ample yuan deposits and the presence of institutional investors ... of offshore yuan quota to buy mainland stocks or bonds. Singapore obtained 50 billion yuan of similar quota last year. Renminbi deposits and outstanding RMB certificates of deposits totalled more than ...

    http://www.scmp.com/business/banking-finance/article/1477019/hong-kong-urged-expand-its-advantage-yuan-trade
  8. Business - Economy - CURRENCIES

    China and UK in talks over London yuan clearing bank

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

    ... Jeanny Yu jeanny.yu@scmp.com Discussions pave the way for bank, which would threaten Hong Kong's dominant yuan position China and UK in talks over London yuan clearing bank The British and Chinese governments are in "active discussions" to appoint a clearing bank in London, a move seen as further eating into Hong Kong's market share of the offshore yuan ...

    http://www.scmp.com/business/economy/article/1431603/china-and-uk-talks-over-london-yuan-clearing-bank
  9. Business - Banking & Finance - CURRENCIES

    BOC Hong Kong fends off new competition in yuan trading

    Posted Feb 17th 2014, 04:47am by KANIIS LI, Jeanny Yu

    ... Kanis Li and Jeanny Yu Gradual liberalisation of the renminbi sees Bank of China's HK unit step up marketing efforts after losing sole clearing bank status BOCHK fends off new competition in yuan trading The Hong Kong unit of the state-owned Bank of China is stepping up marketing of its improved clearing services to western financial institutions in Hong Kong after losing ...

    http://www.scmp.com/business/banking-finance/article/1429240/boc-hong-kong-fends-new-competition-yuan-trading
  10. Business - Banking & Finance - CURRENCIES

    Singapore snapping at Hong Kong's yuan heels

    Posted Mar 24th 2014, 04:45am by Jeanny Yu

    ... of that of pacesetter Hong Kong this year. The Singapore branch of top lender Industrial and Commercial Bank of China, which was appointed as the sole clearing bank in Singapore in May last year, told the South ... volume of about 80 trillion yuan last year. Hong Kong became the first offshore yuan trading hub in 2004, followed by London in 2011. Despite Singapore's late start in the trade, banks based ...

    http://www.scmp.com/business/banking-finance/article/1455801/singapore-snapping-hong-kongs-yuan-heels

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