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  1. HK faces stiffer race as yuan trade centre

    Posted Jan 13th 2011, 12:00am by Enoch Yiu

    ... Enoch Yiu Hong Kong is facing more competition from rival cities in the race to become an offshore yuan trading centre as lenders in New York, London and Singapore begin offering services in the currency. Bank of China started yuan trading services in the United States last month, a sign that Beijing is encouraging more major financial centres to use the currency. This comes before ...

    http://www.scmp.com/article/735587/hk-faces-stiffer-race-yuan-trade-centre
  2. Wages and currency gains eat into profit at Vtech

    Posted Nov 17th 2011, 12:00am

    ... Neil Gough neil.gough@scmp.com Vtech Holdings said rising wages and currency appreciation on the mainland were to blame for declining profit in the six months to the end of September. ... but steadily rising currency have been the norm in recent years. The average monthly income of mainland migrant workers rose to 1,991 yuan (HK$2,437) in the third quarter, up 20 per cent from 1,659 ...

    http://www.scmp.com/article/985076/wages-and-currency-gains-eat-profit-vtech
  3. Currency options open up market

    Posted Nov 12th 2011, 12:00am

    ... fluctuations in the currency's value. According to the new rule published by the State Administration of Foreign Exchange (Safe) yesterday, Chinese exporters and importers can not only buy yuan ... to buy a certain amount of foreign currencies for a fixed price at a specified time in the future. The contract helps companies planning to import commodities or investors attempting foreign ...

    http://www.scmp.com/article/984608/currency-options-open-market
  4. Warning over sky-high interest rates for dual currency credit cards

    Posted Oct 18th 2011, 12:00am

    ... Lo Wei The consumer watchdog is warning of a huge disparity in the interest charged for dual currency credit cards, rates for which can rise above 40 per cent a year for users who fail ... in Hong Kong and on the mainland are listed in separate accounts on the same statement, to be settled in the respective currencies. For retail purchases, the annualised percentage rate- the amount ...

    http://www.scmp.com/article/982242/warning-over-sky-high-interest-rates-dual-currency-credit-cards
  5. Global reserve currency proves to be a curse for the issuing country

    Posted Oct 15th 2011, 12:00am

    ... of a global-reserve-currency country and the needs of the world that uses that reserve currency. Triffin predicted that the reserve-currency country would run a current-account deficit to provide the world ... the accounting unit issued by the International Monetary Fund- as a possible global reserve currency. The logic for a globally issued reserve currency is impeccable. Nationally issued reserve currencies ...

    http://www.scmp.com/article/981934/global-reserve-currency-proves-be-curse-issuing-country
  6. The ruinous costs of China's 'free-ride' currency policy

    Posted Oct 11th 2011, 12:00am

    ... currency. In Beijing, officials are indignant with outrage. Forcing China to appreciate its currency will benefit no one, they insist. But although they may well be right to argue that more rapid yuan appreciation will do little to support economic growth in the US, there is one country that would gain from a stronger yuan: China. The US politicians who support the Currency Exchange ...

    http://www.scmp.com/article/981577/ruinous-costs-chinas-free-ride-currency-policy
  7. How to nurture a blooming currency

    Posted Oct 20th 2011, 12:00am

    ... this year, the mainland held the world's largest amount of foreign currency reserves, valued at US$3.2 trillion, or more than 20,000 times its level in the 1950s. The value of the renminbi, ... is trying to internationalise its currency, albeit through a piecemeal process. When Vice-Premier Li Keqiang visited Hong Kong in August, he offered further support for the internationalisation ...

    http://www.scmp.com/article/982400/how-nurture-blooming-currency
  8. Beijing warns of 'trade war' over US currency bill

    Posted Oct 05th 2011, 12:00am

    ... for its currency policies. US lawmakers have accused Beijing of manipulating the value of the yuan to keep it artificially low in order to boost exports. In a rare move, the central bank, ... at forcing Beijing to let its currency float freely, and accused Washington of politicising global currency issues. The US Senate voted on Monday to allow a debate on the bill, which would force ...

    http://www.scmp.com/article/980956/beijing-warns-trade-war-over-us-currency-bill
  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 ...

    http://www.scmp.com/article/985788/shipbuilder-out-minimise-currency-risks
  10. HK investors seek better yields in foreign currencies

    Posted Sep 08th 2011, 12:00am

    ... Amanda Lee amanda.lee@scmp.com Hong Kong's retail investors might have given stocks the cold shoulder lately, but demand for foreign currencies is heating up. 'I bought ... more to pay my son's college fees. I have even sold some of it.' Higher yielding currencies- such as the Australian and New Zealand dollars- appeal to Hong Kong savers who face low ...

    http://www.scmp.com/article/978443/hk-investors-seek-better-yields-foreign-currencies

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