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  • April 24, 2014
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  1. 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

    ... of the gradual liberalisation of the tightly regulated currency control market, especially since Hong Kong, the testing ground for yuan internationalisation and the largest offshore deposit jurisdiction, plays an important role in the overall currency strategy. Two state-backed lenders, Bank of China's branch in Taipei and Industrial and Commercial Bank of China's branch in Singapore, ...

  2. Business - Economy - CURRENCIES

    China and UK in talks over London yuan clearing bank

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

    ... and Singapore, to have a yuan clearing bank- an authorised intermediary for the exchange of the Chinese currency against US dollars or euros between banks on the mainland and offshore participating ... Chancellor of the Exchequer George Osborne said in a speech to business leaders in Hong Kong yesterday. "Ultimately what we all want to see is RMB being used more and more as a currency ...

  3. Business - Banking & Finance - REMUNERATION

    Hong Kong employees at Asian banks expecting strong bonus season

    Posted Jan 07th 2014, 09:55am by George Chen, KANIS LI

    ... of China (Hong Kong), one of the city's three issuers of currency notes. Executives working for these banks said those in revenue-generating positions might receive a bonus equal to at least ...

  4. Business - Banking & Finance - CURRENCIES

    London challenges Hong Kong with BOC's yuan bond

    Posted Jan 09th 2014, 01:49pm by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com London challenges HK with BOC's yuan bond Bank of China's London branch yesterday made a landmark bond issue, underscoring the city's potential as a hub of yuan fundraising for European debt issuers and posing a ...

  5. We've been left in the dark over Bank of East Asia mess

    Posted Sep 27th 2008, 12:00am by Shirley Yam

    ... by the board. The bank managed the crisis with few hiccups. Some may say: 'Well, that's France.' But for those who see no point in comparing us with the more sophisticated developed ...

  6. Cashing in big on yuan trade

    Posted Apr 06th 2009, 12:00am by Staff Reporter

    ... currency. Locked into complicated multicurrency transactions and vulnerable to fluctuations in the relative value of the yuan and other units, people like Mr Tsui would like nothing better than ... in a foreign currency, such as the US dollar. Stanley Wong Yuen-fai, director and deputy general manager of the Industrial and Commercial Bank of China, said that when a Hong Kong importer concluded ...

  7. Last year's favourite bet looks set to underperform in 2012

    Posted Jan 12th 2012, 12:00am

    ... than 8 per cent against a basket of major currencies, thanks largely to the weakness of the euro. Foreign exchange analysts expect the trend to continue this year. With Europe sliding ... the US currency. This new-found US dollar strength, coupled with the worsening economic outlook, is bound to affect Beijing's near-term exchange rate policy. With the US dollar relatively ...

  8. China theme underpins World Bank bond fund

    Posted Jun 13th 2012, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com The World Bank has tied up with Bank of China (Hong Kong) to launch an emerging market bond fund that allows retail investors to bet on gains in the currencies ... currencies of countries trading with China, including Australia, Brazil, Chile, Colombia, India and South Africa. Investing in the fund would be equivalent to investing in a basket of debt securities ...

  9. Shipbuilder out to minimise currency risks

    Posted Nov 24th 2011, 12:00am

    ... Keith Wallis in Rugao, Jiangsu keith.wallis@scmp.com The mainland's biggest privately controlled shipbuilder, China Rongsheng Heavy Industries, will tap international banks, especially those based in Hong Kong, for foreign currency financing. China Rongsheng president Chen Qiang said this was intended to reduce the foreign exchange risk between the greenback ...

  10. Business - Banking & Finance - CURRENCY PRODUCTS

    Bank of China targets yuan markets in West

    Posted Oct 28th 2013, 04:33am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Asset management arm of mainland lender sees London, Paris and Luxembourg as promising new markets for the sale of yuan products Bank of China targets yuan markets in West Bank of China's Hong Kong-based asset management ...




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