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  • September 21, 2014
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  1. News - China - ECONOMY

    PM Gillard may ink Australian dollar-yuan currency conversion pact: report

    Posted Mar 31st 2013, 12:00am by BLOOM

    ... Bloomberg in Melbourne Australia may ink yuan currency pact Australian Prime Minister Julia Gillard may seek a deal enabling direct conversion of Australian dollars into Chinese currency ... on the currency conversion deal or full itinerary. China remained Australia's top trading partner in January, even as transactions slid to A$9.9 billion (HK$80 billion), the lowest since September, ...

  2. Business - Banking & Finance - CURRENCIES

    China's yuan outs yen as Asia's currency of choice

    Posted Dec 29th 2012, 12:00am by BLOOM

    ... Bloomberg in Singapore and Bangkok Yuan dethrones yen on rise of China Asian central banks are tolerating gains in their currencies against the yen as China's economic recovery ... 17 per cent and the yuan 13 per cent. Asian currencies moved more in sync with the yuan than the yen over the past year. The outperformance of currencies in developing Asia relative ...

  3. Comment - Insight & Opinion

    Time the US stopped bashing China's currency policy

    Posted Nov 28th 2012, 12:00am by BERND DEBUSMANN

    ... BERND DEBUSMANN Bernd Debusmann says the US would do well to give credit to changes in the past few years Stop bashing Beijing over its currency policy If Washington were a place where logic reigned supreme and facts always trumped spin, there would be a long pause in the protracted debate over China's currency policy. In the real Washington, that can't be taken ...

  4. Business - Money

    Yuan hailed as the world reserve currency

    Posted Nov 07th 2012, 12:00am by Kevin Rafferty

    ... anxious to share in the lucrative business opportunities they see in the internationalisation of the yuan to challenge the US dollar as the global currency of choice. Anita Fung, Hong Kong chief ... greater international use of the currency. It is easy to understand the pressures for China's currency to become an international reserve currency. The system of international reserve ...

  5. Business - Banking & Finance - CURRENCIES

    Yuan rebound likely amid Beijing's bid to stem capital flight

    Posted Apr 09th 2014, 01:40am by BLOOM

    ... Bloomberg Nomura forecasts a 3.5pc rebound in the currency as Beijing seeks to maintain stability Yuan gain likely in bid to stem capital flight The yuan is poised to recover from declines that have made it Asia's worst-performing currency as Beijing seeks to prevent an exodus of capital that would threaten economic growth, according to the most accurate forecasters. Nomura, ...

  6. Business - Money - CURRENCIES

    Yuan's sharp drop puts investors on alert for reversal of rising trend

    Posted Feb 25th 2014, 09:55am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Sharp fall in 'safe-haven' yuan signals policy change The yuan has recently been something of a safe haven among emerging market currencies, yet ... performing currency within emerging Asia this month. The drop offshore- the most since October last year- caused a massive short squeeze. Many investors were forced to buy back contracts at prices ...

  7. Business - Banking & Finance - CURRENCIES

    Yuan to be fully convertible by 2017, says Gulliver

    Posted Mar 28th 2014, 01:40am by Jeanny Yu

    ... the mainland currency to become fully convertible by 2017, one year earlier than his original forecast, thanks to the accelerating pace of Beijing's efforts to push forward its financial reforms. ... that were now largely limited to foreign investors, Gulliver said. The yuan has lost more than a third of its gains made last year since the central bank widened the trading band of the currency ...

  8. Business - Banking & Finance

    Yuan set for biggest decline in 20 years

    Posted Apr 01st 2014, 01:20am by BLOOM

    ... the currency's trading band amid concern growth in the economy is losing momentum. The People's Bank of China doubled the yuan's permitted divergence from a daily reference rate to 2 per cent ... on China's economic outlook. The yuan is likely to stay weak in the first half of this year." The currency slid 2.8 per cent this quarter in Shanghai, the most in China Foreign Exchange Trade ...

  9. Business - China Business - CURRENCIES

    Yuan's drop a mixed blessing for Chinese exporters

    Posted Mar 05th 2014, 11:10am by Denise Tsang

    ... While the recent drop in the value of the yuan might seem good news for mainland exporters, few welcomed it. More volatility is expected to come, as Beijing gives the currency more latitude to fluctuate. "The higher the volatility of the yuan against the US dollar, the more difficult to manage our currency risks," said Yeung Chi-kong, a vice-chairman of Hong Kong toymaker Blue ...

  10. Yuan and Hong Kong

    Posted Jul 23rd 2005, 12:00am by Staff Reporter

    ... What's your view of the mainland's revaluing of the yuan, scrapping of the currency peg, and allowing the yuan to move against a basket of foreign currencies? What will the revaluation mean for Hong Kong? Share your views: write to us ...




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