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  • September 15, 2014
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  1. Xiamen seeks approval to set up sole currency settlement centre

    Posted Jun 16th 2009, 12:00am by Denise Tsang

    ... for the official currencies in the two markets, according to Xiamen vice-mayor Ding Guoyan. As a core part of closer cross-strait co-operation in finance and trade, the coastal mainland city was seeking ... southeastern Fujian aims to buoy business and financial and cultural exchanges as well as human relationships across the straits. Xiamen's aggressive push in the currency settlement scheme rivals ...

  2. Xiamen eyes hub role in currency settlement

    Posted Jun 16th 2009, 12:00am by Denise Tsang

    ... Denise Tsang in Zhangzhou Xiamen, a major city in Fujian province, is seeking to forge closer financial ties with Taiwan by applying to be the mainland's first and only settlement centre for the official currencies in the two markets, according to Xiamen vice-mayor Ding Guoyan. As a core part of closer cross-strait co-operation in finance and trade, the coastal mainland ...

  3. Shanghai lifts currency ban for auction deposits

    Posted Feb 20th 2009, 12:00am by Sandy Li

    ... Sandy Li Shanghai has lifted a ban on using foreign currency to pay for initial deposits in a government auction next month, underscoring its eagerness to lure cashed-up foreign developers ... foreign currencies, the US dollar, Hong Kong dollar, euro and yen, as deposits for the auction of a prime site next month. Up for grabs is an 8,793 square metre commercial site in Jingan district ...

  4. Deal to buy National Currency falls through

    Posted Jan 16th 2004, 12:00am by Alan Aitken

    ... Alan Aitken The sale of outstanding South African sprinter National Currency to Hong Kong owner and property tycoon Robert Ng Chee Siong will not go ahead. Ng yesterday confirmed the $10 million sale had fallen through, though he would not comment on the details of the failed deal. 'The purchase of National Currency will not be going ahead,' he said. 'It is a great ...

  5. Currency measure unlikely to reduce appetite for IPOs

    Posted May 20th 2005, 12:00am by Staff Reporter

    ... Foster Wong Rising interest rates following a new local-currency trading band may cool hot money inflows but Hong Kong's initial public offering market is likely to keep bubbling ... continuing privatisation of state-owned enterprises. 'The Hong Kong Monetary Authority's new measure on the local currency will have an impact on capital fund flows in the short term,' ...

  6. CR Land net up 168pc on strong home sales

    Posted Aug 28th 2010, 12:00am by Yvonne Liu

    ... Yvonne Liu China Resources Land yesterday said strong property sales helped net profit jump 168 per cent to HK$3.46 billion for the six months to June. Turnover surged 267.5 per cent to HK$12.41 billion. Revenue from residential sales grew 368.6 per cent ...

  7. Agile margin falls but says market improving

    Posted Sep 10th 2009, 12:00am by Staff Reporter

    ... Fulton Mak Last year's downturn in the mainland property sector eroded the gross profit margin of Agile Property Holdings, but the developer said the market had improved in the second quarter and expected the momentum to continue. The Guangdong-based ...

  8. HKMA pours HK$3.9b into banking system

    Posted Oct 24th 2008, 12:00am by Staff Reporter

    ... as strong demand pushed the local currency up near the limit of its established trading range. 'There could be capital inflow from neighbouring countries pushing up the local unit as Asian currencies have been volatile during the global financial turmoil,' said Frances Cheung, a strategist at Standard Chartered Bank. Ms Cheung said the HKMA might have to take further measures ...

  9. Interest rates surge on fund outflows

    Posted Jul 30th 2004, 12:00am by Louis Beckerling

    ... Louis Beckerling Capital flight of $7b prompts intervention by monetary authorities in support of the currency peg Hong Kong interest rates spiked sharply higher yesterday, after investors ... in offshore markets late on Wednesday, and again before the local market opened yesterday, to buy HK$7.33 billion and support the local currency peg at 7.80 to US dollar. 'The [monetary] ...

  10. 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 ...




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