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  • September 18, 2014
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  1. Funds target foreign currency deposits from the mainland

    Posted Jul 08th 2004, 12:00am by Staff Reporter

    ... Kelvin Wong The Hong Kong Investment Funds Association (HKIFA) is floating a proposal that would allow local fund managers to tap the vast foreign currency deposits parked in Chinese ... saying that such a scheme would do irreparable harm to domestic capital markets. Under the HKIFA plan, only mainland investors with foreign currency deposits will be allowed to invest. ...

  2. Beijing sees value of stronger currency

    Posted Oct 25th 2004, 12:00am by Wang Xiangwei

    ... the benefits of a stronger yuan and believed the time was ripe to consider a more flexible currency, the sources said. However, the leadership decided to weather mounting international and domestic pressure and keep the yuan stable in the short term because of concerns about the impact of a flexible currency on the country's banking system and the influx of so-called hot money ...

  3. Bank on convertibility

    Posted May 15th 2012, 12:00am

    ... The mainland has accelerated steps to making the yuan a global currency, and the United States Federal Reserve's decision to allow Chinese banks to expand their operations in the US will give further impetus to it. Last month, HSBC said it would issue the first international yuan-denominated bond in London, which currency experts say signals an important stage in the mainland ...

  4. Feast of sovereign bonds a real gift

    Posted Jun 30th 2012, 12:00am

    ... as a true international currency. The fourth China sovereign bond tender announced in the city on Thursday not only marks the largest offer in terms of size, it's also the first time that overseas central banks have been offered bonds. More than five central banks have subscribed to the two billion yuan tranche, meaning the yuan has started to become a reserve currency investment. ...

  5. Why panda bonds won't save China from US$ risk

    Posted Jun 10th 2009, 12:00am by Tom Holland

    ... In other words, the PBOC would still face a currency mismatch and would still be vulnerable to a steep fall in the US dollar. The underlying reason isn't hard to work out. China has generated much of its growth in recent years by suppressing the value of its currency and diverting capital investments into industries which produce goods for export, largely to customers paying with US ...

  6. Business - Economy - CURRENCY

    HKMA supports Shanghai as onshore yuan hub

    Posted Dec 13th 2012, 12:00am by REN WEI

    ... Daniel Ren in Shanghai ren.wei@scmp.com Norman Chan says mainland city would be top beneficiary of currency's full convertibility HKMA to back Shanghai's onshore yuan hub plans ... the mainland in quickening the pace of internationalisation of the local currency. In January, Shanghai unexpectedly announced it would make the city a global centre for yuan trading by 2015, stoking ...

  7. Renminbi bond interest shows threefold increase

    Posted Oct 02nd 2011, 12:00am

    ... Bo Leung Interest in renminbi bonds has soared as investors see an appreciation of the currency in the future. According to private bank UBS, the renminbi denominated asset represents ... in the rising currency,' says David Poh, regional head of asset allocation and regional head of discretionary portfolio management at Societe Generale Private Banking (Asia-Pacific). ...

  8. A new bear market

    Posted Feb 10th 2009, 12:00am by Laurence Brahm

    ... policymakers believe the yuan may be on the threshold of becoming the global currency of international settlement. And it is little wonder that they think this way. Last September, China increased its ... and Myanmar, under which the yuan will become an international trade-settlement currency. Next, the central government aims to turn Shanghai into the main yuan settlement centre, with Hong Kong ...

  9. 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 ...

  10. StanChart warns on new yuan investments

    Posted Feb 08th 2012, 12:00am

    ... Charlotte So charlotte.so@scmp.com Standard Chartered Bank (Hong Kong) has warned investors to avoid putting all their eggs in one basket when it comes to yuan assets, because a flood of new products offers opportunities but also carries risks. New yuan o ...




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