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  • November 26, 2014
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Results 1 - 10 of 22 for currency crisis

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  1. Yuan picks up speed in unlocking door to world

    Posted Jul 09th 2011, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com The Chinese economy has been on a roll, finally overtaking Japan as the world's second-largest economy last year. Yet China's currency was scarcely used outside the country, unlike its more global counterpart the Japanese yen. But change is in the wind. Fallout from the 2008 financial crisis spurred Beijing to place ...

  2. 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 ...

  3. 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 ...

  4. 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 ...

  5. US$80b of hot inflows into China 'no hype'

    Posted Apr 15th 2008, 12:00am by Staff Reporter

    ... is suitable for current conditions.' Last week, the Chinese currency broke through the level of 7 yuan to the US dollar for the first time since its revaluation in July 2005. The yuan has gained ... at bay. The economist predicted a larger foreign capital inflow to China this year amid the US subprime loan crisis but opposed a one-off yuan revaluation, saying a stable exchange rate ...

  6. BBVA in talks on pension venture

    Posted Mar 16th 2012, 12:00am

    ... and loss decision. He downplayed speculation that the bank may reduce its Asian operations to focus on its home market amid the worsening debt crisis in Europe- as some European and US banks were ... in its South Korea and Taiwan branches this year and is also hiring specialists in currency and commodities trading and client-coverage-related areas. 'The first two months of this year ...

  7. BOC plans aggressive push in overseas financing

    Posted Feb 19th 2008, 12:00am by Staff Reporter

    ... for their global expansion. The bank would also invite commercial banks from Asian countries, which have been less affected by the subprime credit crisis in the United States, to invest in projects ... foreign-exchange bank, BOC has the highest foreign currency reserves and direct exposure to overseas markets. Its share price has taken a beating recently following media reports that it had billions ...

  8. Beijing takes hard line on illegal fund channelling

    Posted Jun 27th 2007, 12:00am by Staff Reporter

    ... to actively abide by the country's foreign currency rules and restrain from deliberately taking advantage of loose supervision in the sector to secure foreign debts. She said SAFE would conduct an industrywide audit in the near future to detect whether banks were strictly following the administration's foreign currency policies. Zhuang Jian, a senior economist with Asian Development Bank, ...

  9. Heads Up

    Posted Dec 10th 2007, 12:00am by Staff Reporter

    ... their lead due to our pegged currency. While the lower rates have widely been predicted by the market and therefore priced in, the move is expected to offer continued support to stock markets this week adding to the strong gains made last week. The US housing credit crisis has not yet stabilised and any signs of help from the government will be welcomed by the stock market. US job market ...

  10. Next five years 'key' to HK's yuan market

    Posted May 11th 2012, 12:00am

    ... That is because the present global economic instability gives China a rare opportunity to promote the internationalisation of its currency. But one of the major challenges Hong Kong faced in developing ... in the city. 'When the global economy is unstable, the demand for yuan expands greatly. That's why you see many foreign central banks have signed bilateral currency pacts ...




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