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Results 1 - 6 of 6 for cross-border traders

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  1. Business - Banking & Finance - CURRENCIES

    Thai payment link-up boosts Hong Kong hub role

    Posted Jul 29th 2014, 01:05am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com HKMA seals cross-border settlement system with Bank of Thailand, bolstering financial stability and reducing risks in forex transactions Thai payment link-up boosts HK hub role A cross-border payment system linking the Hong Kong Monetary Authority and the Bank of Thailand will bolster regional financial stability and trim risks by allowing Asian ...

    http://www.scmp.com/business/banking-finance/article/1561437/thai-payment-link-boosts-hk-hub-role
  2. Magazines - Money - CURRENCIES

    Will the yuan rule?

    Posted Jun 25th 2012, 12:00am

    ... over capital flows. One vital concern Beijing is testing is the settlement of cross-border trade transactions in yuan, in which Hong Kong plays a key role. Although cross-border trade ... quarter of last year. The chart displayed shows the rapid acceleration of cross-border trade in yuan from the first quarter of 2010 to US$93 billion by the end of the third quarter of last year. ...

    http://www.scmp.com/magazines/money/article/1004913/will-yuan-rule
  3. Business - Banking & Finance - CURRENCIES

    Frankfurt joins race for offshore trading in yuan

    Posted Jul 04th 2013, 12:00am by BLOOM

    ... of China's cross-border business will be settled in yuan, making the currency the third-most traded after the US dollar and euro. The three-year swap agreement that Bank of England governor Mervyn ... clients for years," said Dirk Schmitz, a co-head of the German investment banking arm of Deutsche Bank, the biggest currency trader. "German companies have a good commercial relationship ...

    http://www.scmp.com/business/banking-finance/article/1274860/frankfurt-joins-race-offshore-trading-yuan
  4. Business - Banking & Finance - CURRENCIES

    China's foreign exchange regulator expects more capital outflows

    Posted Jul 24th 2014, 01:06am by Reuters

    ... policy adjustments in major economies. "The [yuan] exchange is now near equilibrium and two-way cross-border capital flows have become a new norm," he said. The economy grew slightly ... some signs of stabilising in recent weeks but is still down 2.3 per cent so far this year. Traders are unsure when the authorities will allow it to return to a gradual appreciation path. ...

    http://www.scmp.com/business/banking-finance/article/1557731/chinas-foreign-exchange-regulator-expects-more-capital
  5. Business - Banking & Finance - CURRENCIES

    Singapore joins the RQFII party with 50b yuan quota

    Posted Oct 23rd 2013, 03:54am by Jeanny Yu

    ... which saves trading costs for investors who now have to first make US dollar conversions. Measures are also being studied to allow cross-border flows of yuan between Singapore and two mainland ... for individual Chinese traders to make yuan investments in offshore markets under the new renminbi qualified domestic institutional investor (RQDII) scheme. Neither London nor Taiwan- another offshore ...

    http://www.scmp.com/business/banking-finance/article/1337558/singapore-joins-rqfii-party
  6. Business - Banking & Finance - CURRENCIES

    Fears raised over PBOC push to weaken yuan

    Posted May 06th 2014, 12:42am by Reuters

    ... on offshore sentiment towards the yuan, a setback for Beijing's project to make its currency a rival to the dollar. Perhaps with that in mind, the PBOC has moved to further ease cross-border ... Reuters in Shanghai Fears raised over PBOC push to weaken yuan Beijing's attack on yuan speculators has proven extraordinarily successful, so much so that traders no longer see ...

    http://www.scmp.com/business/banking-finance/article/1505362/fears-raised-over-pboc-push-weaken-yuan

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