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  1. News - Business - FINANCE

    Australia to invest foreign currency assets of A$1.9b in Chinese bonds

    Posted Apr 25th 2013, 12:00am by Victoria Ruan

    ... Victoria Ruan in Beijing victoria.ruan@scmp.com Central bank will invest A$1.9b, or 5pc of its foreign currency assets, in sovereign securities as bilateral economic ties increase Australia to buy Chinese bonds Australia's central bank plans to invest about 5 per cent of its foreign currency assets, or A$1.9 billion, in Chinese government bonds due to the growing ...

  2. 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 ...

  3. Despite rapid growth, the yuan will remain a minor currency

    Posted May 05th 2011, 12:00am

    ... with Tom Holland According to HSBC, during the next six months the Chinese yuan is likely to overtake the British pound as a preferred currency for settling international trade deals. Big deal. During February and March, HSBC surveyed over 6,000 companies around the world, and asked them among other things, which currencies they expected to use to settle their international ...

  4. Definitions of firms allowed to trade currencies to widen

    Posted May 15th 2008, 12:00am by Tom Miller

    ... Tom Miller in Beijing Beijing plans to allow more non-banking institutions and companies to trade currencies in the mainland's interbank foreign exchange market, the latest step towards liberalising the country's tightly controlled capital markets. The move, which aims to boost liquidity in the currency market, will allow companies trading large volumes of foreign ...

  5. Sitting ducks left out of currency hedging game

    Posted Dec 01st 2007, 12:00am by Shirley Yam

    ... export-oriented private entrepreneurs who receive revenue in US dollars and pay in yuan, it may feel like being a sitting duck with the country's restrictions on currency hedging. ...

  6. Private equity funds gaining currency

    Posted Oct 01st 2007, 12:00am by Elaine Chan

    ... in the developed economies. 'Although attracting foreign currency funds can bring in technology and experience to nurture the domestic market, China is in a situation where foreign reserves ...

  7. Sell-off peril for Asia-currency bonds

    Posted Nov 14th 2003, 12:00am by Staff Reporter

    ... Bei Hu The risk premiums in six regional economies, except HK, are deeper in negative territory than US government debts The low yields of long-term local-currency bonds underestimate most Asian economies' future growth and inflation and risk triggering a bond sell-off, a Deutsche Bank analyst has warned. However, Asian countries' sizeable foreign-currency reserves could ...

  8. Counterfeit US currency probe nears the end of the road

    Posted Jun 20th 2007, 12:00am by Staff Reporter

    ... Greg Torode An intriguing Hong Kong sideshow to the US Treasury Department's crackdown on North Korea in Macau is poised to reach its conclusion. US authorities will soon obtain more than US$2.67 million from Hong Kong bank accounts linked to trade in North Korean counterfeit US currency and cigarette smuggling, according to Hong Kong government officials. The funds have ...

  9. IMF eases stance on currency peg in HK

    Posted Jul 25th 2003, 12:00am by Staff Reporter

    ... Kong's currency peg to the US dollar in the light of changed economic circumstances. Increased international competition and a global economic downturn have led the fund, historically a strong supporter of the fixed exchange rate system, to conclude that a new approach to currency management is warranted. The IMF's view of the peg has changed due to the 'cyclical and structural ...

  10. Technology helps to level the playing field in currency markets

    Posted Jul 30th 2006, 12:00am by Louis Beckerling

    ... Reports by Louis Beckerling THE MARCH OF technology has levelled investment playing fields, and perhaps none more so than in currency trading markets, which now record average daily turnovers of more than US$2 trillion. In its infancy, currency trading was limited to largely bilateral 'hedging' positions taken by big institutions to limit the risk of translation ...




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