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  1. Comment - Insight & Opinion

    China must come clean on capital transfers abroad

    Posted Jul 15th 2014, 05:09am by SCMP Editorial

    ... It is also popular with corrupt officials for laundering ill-gotten gains. On the surface China does have tight currency controls, but there are many ways to circumvent them, including underground ...

    http://www.scmp.com/comment/insight-opinion/article/1554295/china-must-come-clean-capital-transfers-abroad
  2. Business - Banking & Finance - FINANCE

    Like Bank of China, Citic Bank also offers service branded 'money laundering' by CCTV

    Posted Jul 09th 2014, 03:58pm by DON WEINLAND, George Chen

    ... the movement of currency overseas, including Hong Knog. "It is definitely not an illegal business," said one source. "Both BOC and Citic Bank have been able to do this business only ... the central bank would need more time to investigate the situation. Analysts cast doubt on whether such a scheme that allowed for free currency exchange could exist. "The government is very ...

    http://www.scmp.com/business/banking-finance/article/1550351/bank-china-laundering-money-would-be-emigrants-cctv-reports
  3. Business - Money - THE VIEW

    Investing between the lines in China

    Posted Jul 14th 2014, 10:35am by Cathy Holcombe

    ... If so, this has implications for the yuan and the offshore bond market, as it may indicate that Beijing is worried about selling pressures on the currency and the whole capital account ...

    http://www.scmp.com/business/money/markets-investing/article/1553881/investing-between-lines-china
  4. Business - Banking & Finance - BANKING

    Fears of tough action by Beijing following allegation BOC launders money

    Posted Jul 11th 2014, 11:34pm by Daniel Ren

    ... is determined to make the yuan an international currency, but rampant capital outflows could wreak havoc in the domestic economy and potentially spark social unrest. Reform-minded bankers and analysts ...

    http://www.scmp.com/business/banking-finance/article/1552389/fears-tough-action-beijing-following-allegation-boc
  5. Shipbuilder out to minimise currency risks

    Posted Nov 24th 2011, 12:00am

    ... Keith Wallis in Rugao, Jiangsu keith.wallis@scmp.com The mainland's biggest privately controlled shipbuilder, China Rongsheng Heavy Industries, will tap international banks, especially those based in Hong Kong, for foreign currency financing. China Rongsheng president Chen Qiang said this was intended to reduce the foreign exchange risk between the greenback ...

    http://www.scmp.com/article/985788/shipbuilder-out-minimise-currency-risks
  6. Hard currency

    Posted Dec 07th 2004, 12:00am by Stuart Biggs

    ... or fashion item. It is left to genuine collectors and tourists to give the SAR's new banknotes the attention they deserve. Which is a pity, because when regulators announced the paper currency ... a sense of national-currency pride, Hong Kong designs are far more personal, thanks to an issuing system that puts most of the design process in the hands of designers at HSBC, Bank of China, ...

    http://www.scmp.com/article/481110/hard-currency
  7. Counterfeit US currency probe nears the end of the road

    Posted Jun 20th 2007, 12:00am by Staff Reporter

    ... Greg Torode An intriguing Hong Kong sideshow to the US Treasury Department's crackdown on North Korea in Macau is poised to reach its conclusion. US authorities will soon obtain more than US$2.67 million from Hong Kong bank accounts linked to trade in North Korean counterfeit US currency and cigarette smuggling, according to Hong Kong government officials. The funds have ...

    http://www.scmp.com/article/597431/counterfeit-us-currency-probe-nears-end-road
  8. Business - Banking & Finance - CURRENCIES

    BOC Hong Kong fends off new competition in yuan trading

    Posted Feb 17th 2014, 04:47am by KANIIS LI, Jeanny Yu

    ... of the gradual liberalisation of the tightly regulated currency control market, especially since Hong Kong, the testing ground for yuan internationalisation and the largest offshore deposit jurisdiction, plays an important role in the overall currency strategy. Two state-backed lenders, Bank of China's branch in Taipei and Industrial and Commercial Bank of China's branch in Singapore, ...

    http://www.scmp.com/business/banking-finance/article/1429240/boc-hong-kong-fends-new-competition-yuan-trading
  9. Business - Economy - CURRENCIES

    China and UK in talks over London yuan clearing bank

    Posted Feb 20th 2014, 11:16am by Jeanny Yu

    ... and Singapore, to have a yuan clearing bank- an authorised intermediary for the exchange of the Chinese currency against US dollars or euros between banks on the mainland and offshore participating ... Chancellor of the Exchequer George Osborne said in a speech to business leaders in Hong Kong yesterday. "Ultimately what we all want to see is RMB being used more and more as a currency ...

    http://www.scmp.com/business/economy/article/1431603/china-and-uk-talks-over-london-yuan-clearing-bank
  10. Quota shock proves that HK's yuan market is not free of risk

    Posted Nov 02nd 2010, 12:00am by Tom Holland

    ... with Tom Holland Players in Hong Kong's fast-growing offshore market for China's currency got a rude shock last week. On Thursday evening, the Hong Kong Monetary Authority ... that the currency is set to appreciate handsomely against an ailing US dollar. Demand for the yuan soared, with the value of yuan deposits in Hong Kong rocketing two-thirds between the end of June ...

    http://www.scmp.com/article/729271/quota-shock-proves-hks-yuan-market-not-free-risk

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