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  • September 18, 2014
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  1. 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 ...

  2. Obama still to forge yuan policy despite Geithner remarks, US says

    Posted Jan 28th 2009, 12:00am by Staff Reporter

    ... Natalie Chiu The new United States administration will not hammer out a stance on the yuan before April despite its incoming treasury secretary calling Beijing a currency manipulator. ... said on Monday. The US Treasury submits a semiannual report to the US Congress in April and December that is often closely watched for Washington's view on global currency policies. ...

  3. Details of deposit protection scheme review to be released next year

    Posted Oct 23rd 2008, 12:00am by Dennis Eng

    ... Dennis Eng The independent body overseeing the deposit protection scheme in Hong Kong will announce possible improvements to the scheme's coverage and protection of depositors by the first quarter of next year. Public and industry consultations will ...

  4. Arms and yuan on the table at US-China talks

    Posted Oct 12th 2011, 12:00am

    ... Cary Huang in Beijing cary.huang@scmp.com US and Chinese diplomats met yesterday amid rising tensions between the two powers over currency and Washington's arms sales to Taiwan. ... headed towards a final Senate vote on legislation that would retaliate against Beijing for alleged currency manipulation. 'The talks will focus on the currency issue, as the US Senate ...

  5. US, China envoys meet amid tension over arms

    Posted Oct 12th 2011, 12:00am

    ... Cary Huang in Beijing cary.huang@scmp.com Top diplomats of China and the United States met yesterday amid escalating tensions between the two powers over currency and Washington's ... in Beijing, just hours before US lawmakers headed towards a final Senate vote on legislation that would retaliate against Beijing for alleged currency manipulation. 'The talks will focus ...

  6. Hu's comments put paid to talk of a floating yuan

    Posted Oct 21st 2003, 12:00am by Staff Reporter

    ... Andrew K. Collier in Beijing Economists see little chance of monetary policy reform in the wake of the premier's latest statement on currency matters Hopes overseas that China would soon let its currency float more freely were dashed by President Hu Jintao's comment on Sunday that 'currency stability' served the mainland's economic performance, analysts ...

  7. Exchange Fund delivers $25b windfall

    Posted Jan 16th 2004, 12:00am by Enoch Yiu

    ... for universities or to solve the deficit problem. 'The purpose of the Exchange Fund is to defend the local currency and the funding of universities is clearly out of its jurisdiction,' Mr Yam ...

  8. Secret bank

    Posted Jun 02nd 2009, 12:00am by Philip Bowring

    ... Philip Bowring I make no apologies for returning to the subject of my last column: official silence on the Hong Kong Monetary Authority's HK$33 billion commitment as part of China's contribution to a regional stabilisation fund known as the Chia ...

  9. All but 10 agencies reveal spending

    Posted Aug 03rd 2011, 12:00am

    ... Zhuang Pinghui pinghui.zhuang@scmp.com Ten central government agencies have yet to disclose their expenditure reports on overseas travel, official cars and banquets, a month after the end-of-June deadline for the release of such reports. The State Council ...

  10. HK dollar eases as Yam backs peg

    Posted Nov 02nd 2007, 12:00am by Staff Reporter

    ... Maria Chan The Hong Kong dollar eased yesterday after the head of the de facto central bank reiterated that the government had no plans to change the system that links the currency ... The Hong Kong dollar yesterday fell to HK$7.7575 to the US dollar at one point from the previous HK$7.7503 after the HKMA on Wednesday sold HK$7.828 billion to defend the currency peg. Analysts ...




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