• Monday
  • April 21, 2014
  • Last updated: 9:57pm
Hong Kong




Refine Your Search

Sort by

Related Keywords

Search Results

Results 1 - 10 of 116 for banking

Related topics matching your search

Search results

  1. Business - Banking & Finance - CURRENCIES

    Surge in yuan holdings by banks prompts concern in Seoul

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

    ... Reuters in Seoul Three Chinese banks are being inspected against backdrop of higher risk from declining currency Surge in yuanholdings prompts concern in Seoul South Korean authorities are inspecting units of four foreign banks over a spike in yuan holdings, regulatory sources said yesterday, reflecting Seoul's concern about potential risks posed by the rapid rise in exposure ...

  2. Business - Banking & Finance - CURRENCIES

    Beijing weakens key yuan rate amid US criticism

    Posted Apr 17th 2014, 01:09am by Jeanny Yu

    ... the announcement, the People's Bank of China set its mid-point rate for onshore yuan at 6.1589 against the US dollar, the weakest level since September 11. The mid-point rate is an anchor rate the central bank sets on the morning of every trading day; onshore traders are allowed to trade the currency at 2 per cent either side of the mid rate. In the spot market, onshore yuan weakened ...

  3. 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 ...

  4. Business - Banking & Finance - CURRENCIES

    Looser controls over yuan bring mixed blessings

    Posted Mar 17th 2014, 01:57pm by Jeanny Yu

    ... losses for holders of yuan structured products in the near term. The People's Bank of China announced on Saturday night that it would allow the onshore yuan spot rate to float 2 per cent ... volatility of the offshore yuan surged as much as 36 per cent yesterday. At least two major banks lowered their expectations for yuan appreciation yesterday. Standard Chartered said the yuan was now ...

  5. Business - Banking & Finance - CURRENCIES

    Yuan rebound likely amid Beijing's bid to stem capital flight

    Posted Apr 09th 2014, 01:40am by BLOOM

    ... in a survey. Japan's biggest brokerage said the People's Bank of China had guided the yuan's 2.5 per cent loss this year to help curb speculative bets on appreciation. Second-ranked ... losing about US$3.5 billion at an exchange rate of 6.20 per dollar. A slide to 6.38 would increase the losses to US$7.5 billion, the US bank said. The currency closed at 6.2123 in Shanghai ...

  6. 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 ... policymakers. Beijing is under pressure to navigate the nation's economy out of a hard landing scenario and some critics fret a faster rise of the yuan may work against the central bank ...

  7. Business - Banking & Finance - CURRENCIES

    Yuan decades away from being global reserve currency

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

    ... the yuan's global status to match the growing power of the world's second-largest economy, although People's Bank of China governor Zhou Xiaochuan acknowledged last month that Beijing still ... the world in an effort to facilitate trade activities. Central banks in Japan, Thailand and elsewhere have either included yuan assets in their foreign exchange reserves or are considering doing so. ...

  8. 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 ...

  9. Business - Economy - CURRENCIES

    The euro's failed experiment

    Posted Apr 07th 2014, 04:38am by DAVID BROWN

    ... what to do next. The one-size-fits-all European Central Bank monetary policy... has been a complete myth Policy-making under the euro has failed spectacularly. The root cause has always been managing the euro zone's economic diversity. Two-tiered Europe has never worked under the euro. The one-size-fits-all European Central Bank monetary policy that supposedly works for the euro ...

  10. Business - China Business - CURRENCIES

    Investors get fingers burned as yuan declines

    Posted Apr 02nd 2014, 05:45am by Bloomberg

    ... is succeeding in making its currency less predictable. Investors are paying the price. Clients of commercial banks in the United States have lost about US$2 billion this year on US$332 billion ... Trust & Clearing Corp in Washington showed. These contracts, when including bearish bets, account for more than a third of global trading in the yuan. The People's Bank of China wants ...




SCMP.com Account