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  1. Business - Money - MONITOR TOM HOLLAND

    Dual-currency IPO breaks cardinal rule of capital markets

    Posted Aug 15th 2012, 12:00am by Tom Holland

    ... Tom Holland Two-track yuan and Hong Kong dollar listing plan is one bad idea, despite surface appeal of being first off the block and tapping more pools of liquidity Dual-currency IPO ... to launch a dual-currency yuan and Hong Kong dollar share offering on the city's stock market. It's a lousy idea. You can see why someone thought a dual-currency listing might be a clever ...

  2. Development of yuan market not threat to local currency, Chan says

    Posted Feb 26th 2010, 12:00am by Enoch Yiu

    ... Enoch Yiu The development of a yuan market in Hong Kong does not pose a threat to the local dollar's legal tender status, Secretary for Financial Services and the Treasury Chan Ka-keung said yesterday. Chan said the offshore yuan market would be deve ...

  3. The rise and fall of currencies

    Posted Jan 14th 2008, 12:00am by Sophie Paine

    ... certainly keep telling myself 'expensive, so expensive'. Why is the exchange rate so unfavourable to us? The exchange rate is the price of a currency compared to another. Currency rates keep changing. The foreign exchange market - the market where currencies are sold and bought - is one of the most active financial markets with over HK$20 trillion traded every day. Most ...

  4. Currency-swap deal in the offing

    Posted Mar 07th 2009, 12:00am by Martin Zhou

    ... People's Congress yesterday. Zhou Xiaochuan, governor of the People's Bank of China, also said the 200 billion yuan (HK$227 billion) currency-swap agreement reached last month was ready. ... clients. That is where the currency-swap scheme, designated to run for three years, comes in. 'The currency-swap has boosted confidence in these adverse macroeconomic circumstances and we can ...

  5. Arrested currency woman's shops attacked

    Posted Dec 20th 2007, 12:00am by Danny Mok

    ... Danny Mok Two money exchanges in Portland Street, Mong Kok, owned by a woman arrested on the mainland over illegal foreign currency trades worth 4.3 billion yuan, were splashed with red paint. A man splashed the first exchange, injuring a male customer's eye, before attacking the second and dumping the bucket. Mainland media last month reported officials had closed ...

  6. Trading on a tenuous currency arrangement

    Posted Oct 15th 2003, 12:00am by Staff Reporter

    ... That nothing lasts forever is the dirty little secret that central bankers hate to admit. Currency arrangements come and go yet sustaining the belief that yours is different demands ... administered through a US dollar currency board. It did so against a backdrop of political and economic turmoil and the system has come to represent the one sure thing in an era otherwise characterised ...

  7. HK currency strength may spark wave of stop-loss sales

    Posted Oct 08th 2003, 12:00am by Staff Reporter

    ... propelling the local currency yet higher. The psychologically important HK$7.70 level against the US dollar was left untouched, partly due to profit taking on stocks, which lessened the need for Hong ... late in Asian trading yesterday, it could break through in European or US trading hours when liquidity was thinner, the dealer added. By the close, the local currency was at $7.7106, up from ...

  8. New two-way risk dents enthusiasm for the yuan

    Posted Jun 01st 2012, 12:00am

    ... exchange rates are relative prices: the price of one currency expressed in terms of another. When everyone is convinced that a particular currency is a screaming buy, they often forget to consider the other currency in the pair. We saw this tendency at work towards the end of last year, when everyone was so bullish on the Chinese currency's prospects, they sold Hong Kong and US dollars ...

  9. Letters

    Posted Jan 08th 2011, 12:00am by Staff Reporter

    ... Plane's engine surge was not an explosion In responding to Eugene Li's comments ('Passengers right to be concerned', January 6), I can confirm that the number two engine on flight 289 bound for Frankfurt on December 19 experienced an e ...

  10. New steps to expand HK's yuan business

    Posted Feb 12th 2010, 12:00am by Enoch Yiu

    ... to issue yuan bonds. 'The measures will allow Hong Kong to develop its role as an offshore centre for yuan business and help the yuan become an international currency,' said HKMA chief executive Norman Chan Tak-lam. Hong Kong has been keen to be a testing ground for efforts to make the yuan an international currency. Even though China overtook Germany as the largest exporter last ...




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