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  • November 27, 2014
  • Last updated: 7:15pm
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Results 1 - 10 of 86 for china investment corp

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  1. Business - Banking & Finance - CURRENCIES

    Hong Kong can compete in global yuan trade, FSDC member Qin Xiao says

    Posted Dec 04th 2013, 05:27am by Enoch Yiu

    ... enterprises and China Investment Corp to invest in yuan products in Hong Kong. Qin said for Hong Kong to have an active yuan business, Beijing would need to remove the 20,000 yuan daily exchange cap ... convertible but China since 2009 has allowed the currency to be used around the world for trade and investment purposes. Initially, most trading was done through Hong Kong but these exclusive rights ...

  2. Business - Banking & Finance - CURRENCIES

    China’s overseas investment schemes set to boost yuan

    Posted Oct 27th 2014, 02:59pm by Reuters

    ... Reuters Expanding the offshore pool is likely to help balance the mainland's international payments China's overseas investment schemes set to boost yuan The mainland is studying pilot schemes that will allow domestic investors to make overseas investments using the yuan, a move that could pump fresh oxygen into the stagnant offshore yuan pool. "The central bank ...

  3. Business - Economy - CURRENCIES

    British Columbia eyes yuan hub as China trade grows

    Posted Nov 24th 2014, 03:57am by Jeanny Yu

    ... eyes yuan hub as China trade soars British Columbia, the Asian-facing Canadian province where more than 10 per cent of its population are of Chinese origin, expects China to become its largest ... that are seeking a slice of the yuan trade, from London to Paris, Singapore and Sydney. However, British Columbia is counting on growing trade with China to press its case. About 20 per cent of the western ...

  4. Business - Banking & Finance - CURRENCIES

    Swift says 15 more countries now using yuan to settle over 10pc of trades with mainland, Hong Kong

    Posted Nov 26th 2014, 11:11am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com 15 more countries now using the mainland currency to settle trade and investment deals Yuan use grows in popularity around the world Fifteen more countries are now using the yuan to settle more than 10 per cent of their trade and investment deals with mainland China and Hong Kong- a development known as "crossing the RMB river"- bolstering ...

  5. Business - Banking & Finance - CURRENCIES

    Sydney yuan hub status a windfall for importers

    Posted Nov 18th 2014, 05:11am by Bloomberg

    ... than first converting them into US dollars, will save companies as much as 7 per cent on deals with China, according to HSBC. Chinese investment into Australia has the potential to increase ... Bloomberg in Sydney Direct exchange from Australian dollars will save as much as 7 per cent on deals with China Sydney yuan hub status a windfall for importers Australian importers ...

  6. Business - Economy - CURRENCIES

    Volatile yuan tires Hong Kong exporters out

    Posted Mar 24th 2014, 04:45am by Denise Tsang

    ... make it again this year?" However, some economists say fresh stimulus is needed. "The government's growth target may be tested," China International Capital Corp chief ... of China said on March 15 that it would allow the yuan to trade up to 2 per cent above or below a reference rate that it set each day. We just changed our strategy last month... Now the yuan has ...

  7. Business - Banking & Finance - CURRENCIES

    Hong Kong yuan business boosted by banks' appointments as liquidity providers

    Posted Nov 04th 2014, 05:37am by Jeanny Yu

    ... urged international fund managers to apply through their overseas units for fresh yuan investment quotas. Bank of China, BNP Paribas, China Construction Bank, Citibank, HSBC, Industrial and Commercial Bank of China and Standard Chartered Bank beat nine other banks, the Hong Kong Monetary Authority said in a statement yesterday. The move is aimed at helping to alleviate an expected yuan ...

  8. Business - Money - CURRENCIES

    Yuan hits its stride as offshore hubs catch up

    Posted Oct 31st 2014, 06:04am by Jeanny Yu

    ... high last month, in the latest sign that the currency is fast spreading out of China as other global financial hubs catch up with Hong Kong in yuan trade. Payments between offshore yuan hubs, ... in Luxembourg, and 236 per cent Britain, according to Swift. The yuan's success in expanding its geographical reach has largely been a result of China's sizeable trades with its trading ...

  9. Business - Economy - CURRENCIES

    Worst to come for Canadian 'loonie' as oil prices fall

    Posted Oct 27th 2014, 05:19am by Bloomberg

    ... the chief currency strategist at Toronto-Dominion, Canada's largest bank. "Any sort of setback for growth and investment in the energy sector is likely to have a fairly significant ... investment and jobs have come from the oil-rich province of Alberta. The nation's trade surplus turned into a deficit in August, and economic growth stalled the previous month. Money managers ...

  10. Business - Banking & Finance - CURRENCIES

    Sydney expected to get yuan clearing bank soon

    Posted Oct 25th 2014, 03:41am by Jeanny Yu

    ... of Australian's securities exchange, told the South China Morning Post. The central banks of the two countries were engaged in talks on ways to boost yuan liquidity in Australia, Funke Kupper said, adding that it would be a "crime" to miss out on the opportunity to grow yuan business in Sydney given that China was Australia's largest trading partner. "The [yuan] in Australia is small ...




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