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  • November 28, 2014
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  1. Business - Companies - LISTINGS

    Meilan plans dual-currency IPO in Hong Kong

    Posted Aug 14th 2012, 12:00am by Enoch Yiu

    ... Meilan plans dual-currency IPO Meilan International Holdings, a mainland chemical producer, may become the first company to raise both yuan and Hong Kong dollars with a planned dual-currency ... Previously, companies including jewellery retailer Chow Tai Fook Jewellery had initially planned dual-currency IPOs but eventually chose to list in Hong Kong dollars only due to the complications ...

  2. 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 ...

  3. 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 ...

  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. Currency speculators' failed bets leave the market short-changed

    Posted Jan 07th 2005, 12:00am by Jake Van Der Kamp

    ... began to leave but then they returned for another go late last year, in less force, as the US dollar began to sink more quickly against other world currencies. Still no joy, however, and now we ...

  6. City fails test in promoting yuan settlement business

    Posted Aug 14th 2010, 12:00am by Shirley Yam

    ... to publicise the 'internationalisation' of the yuan, but it is definitely not quiet about 'greater use' of the currency. Between May and July, mainland central bankers have toured ... institutions but also the end users. The more the market knows about it, the more the products, the higher the acceptance of yuan and the faster it becomes an international currency. But the whole ...

  7. Losing value

    Posted Jan 13th 2007, 12:00am by Staff Reporter

    ... With the yuan surpassing the Hong Kong dollar in value, our currency is fast losing its popularity in the Pearl River Delta and is no longer accepted by some mainlanders. Is it time to unshackle it from the US dollar? Write to us ...

  8. Yuan bonds in HK bring offshore market closer

    Posted Dec 16th 2008, 12:00am by Staff Reporter

    ... development in Hong Kong' and expand the currency's scale of settlements in trade with neighbouring nations. At present, only a handful of mainland banks can issue yuan-denominated debt ... by the financial crisis to increase the influence of its currency. 'It seems recently that China has been quite active in making the yuan a regional and eventually international currency,' Mr Ma ...

  9. Yuan on road to euro status, experts say

    Posted Apr 10th 2009, 12:00am by Chloe Lai

    ... for it to become a regional standard similar to the euro, mainland experts say. It was also an essential step in strengthening its position in the international currency system. The pilot-scheme announced ... in Guangdong's footsteps and allow several companies to join the pilot scheme before expanding it 'step by step'. 'By reducing currency exchange risks, it will lower transaction costs ...

  10. Ocean Park defends one-to-one yuan rate

    Posted Mar 08th 2009, 12:00am by Simon Parry

    ... development in Hong Kong.' However, she insisted: 'The decision to use Hong Kong dollars or renminbi in our park rests solely with our guests. We accept the currency for their convenience ... currency accounted for only about 1 per cent of total revenue. ...




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