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  • October 2, 2014
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  1. Business - Companies - LISTINGS

    Meilan plans dual-currency IPO in Hong Kong

    Posted Aug 14th 2012, 12:00am by Enoch Yiu

    ... Meilan plans dual-currency IPO Meilan International Holdings, a mainland chemical producer, may become the first company to raise both yuan and Hong Kong dollars with a planned dual-currency ... Previously, companies including jewellery retailer Chow Tai Fook Jewellery had initially planned dual-currency IPOs but eventually chose to list in Hong Kong dollars only due to the complications ...

  2. Currency market offers continuous opportunities

    Posted Mar 30th 2010, 12:00am by Staff Reporter

    ... in a traditional investment portfolio. It is also a highly liquid market- open 24 hours a day, six days a week- and coupled with the fact that investors always trade one currency against another, ...

  3. Lenders book 6.8b yuan in forex losses as currency appreciates

    Posted May 07th 2008, 12:00am by Staff Reporter

    ... per cent this year after a 6.9 per cent gain last year. Mainland banks usually find it difficult to hedge against currency risks due to the lack of futures for the yuan. The markets for swaps ... The exchange loss was mainly due to huge sums of foreign currency yet to be converted back into yuan by the central bank, the mainland's National Business Daily quoted an ICBC official as saying ...

  4. Dow viewed darkly through currency lens

    Posted Jan 11th 2004, 12:00am by Chris Oliver

    ... Chris Oliver The eye-catching rally of the Dow Jones Industrials over the past 12 months looks good, but when viewed through the lens of currency weakness, the market may be flashing ... be obtained by converting the charts a number of strong currencies that have outperformed against the dollar in the past year. What is really driving the Dow rally, Mr Palha says, is monetary ...

  5. Business - Banking & Finance - SECURITY

    Xi Jinping's security commission to also tackle financial industry

    Posted Jan 28th 2014, 04:30am by George Chen, Teddy Ng

    ... banking system, rocking the stock market and affecting local investors' confidence in the mainland's economic development. Another case involved the virtual currency bitcoin, in which ...

  6. HKEx profit dives 43pc on falling turnover

    Posted Nov 13th 2008, 12:00am by Staff Reporter

    ... Natalie Chiu Hong Kong Exchanges and Clearing, the operator of Asia's second-largest stock market, posted its second successive drop in quarterly profit on declining trading volume amid the equity slump. Net income declined 43 per cent to HK$959.65 m ...

  7. Shanghai B-share losses mount for fourth session

    Posted Jul 31st 2012, 12:00am

    ... Daniel Ren in Shanghai ren.wei@scmp.com Shanghai's hard-currency B shares dropped for the fourth consecutive day yesterday, posting its biggest one-day loss in 10 months, amid rising ... China Securities trader Wei Wei said. 'Many of them just wanted to exit regardless of heavy losses.' Beijing created the hard-currency B-share market, in which only foreign investors ...

  8. No takers for yuan IPOs amid fears and options

    Posted Jun 11th 2012, 12:00am

    ... would be allowed to sell shares denominated solely in yuan as well as in the currency and the Hong Kong dollar. Apart from new IPO firms, listed firms would be allowed to issue new shares ... to become a fully convertible global currency, but since mid-2009 Beijing has gradually liberalised the currency for use in trade settlement and for investment purposes. Many yuan products ...

  9. Local stocks reopen with dragon's roar

    Posted Jan 27th 2012, 12:00am

    ... Neil Gough and Sophie Yu Local stocks welcomed the Year of the Dragon with their second most auspicious Lunar New Year debut performance in 12 years. Resuming trade after a five-day holiday, the Hang Seng Index rose 1.63 per cent to 20,439.14 points- its ...

  10. HK takes new step in yuan business

    Posted Sep 06th 2011, 12:00am

    ... currency-denominated offerings yesterday. Bryan Chan Ping-keung, head of Hong Kong Exchanges and Clearing's RMB Product Task Force, said more than 1,400 listed companies could apply to issue new ... is another step in the internationalisation of the currency and is expected to enhance Hong Kong's position as a leading yuan-trading centre. 'The requirements for a yuan share placement ...




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