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  • July 11, 2014
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  1. Business - China Business - RESULTS

    Currency hedges trim profit for Goodbaby International

    Posted Aug 21st 2012, 12:00am by Anita Lam

    ... of the year. Goodbaby said the HK$11.3 million in losses incurred by their forward currency contracts was not a result of "gambling", but a necessary move to maintain stability in costs ... rate of the two currencies, it is necessary for us to hedge against the risks." The HK$114 million worth of forward currency derivatives would have brought gains to the company if the yuan ...

  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. Investors flee further from Asian currencies

    Posted Sep 24th 2011, 12:00am

    ... Amanda Lee amanda.lee@scmp.com Asian currencies, including Hong Kong's growing pool of yuan, fell further yesterday as investors sought the safety of the US dollar amid fears a global ... Reserve to boost the troubled US economy. Central banks from South Korea to Indonesia intervened to prop up their currencies, a sharp turnaround from recent concerns that their currencies were too ...

  4. Despite rapid growth, the yuan will remain a minor currency

    Posted May 05th 2011, 12:00am

    ... with Tom Holland According to HSBC, during the next six months the Chinese yuan is likely to overtake the British pound as a preferred currency for settling international trade deals. Big deal. During February and March, HSBC surveyed over 6,000 companies around the world, and asked them among other things, which currencies they expected to use to settle their international ...

  5. Currency remains a long-term prospect

    Posted May 09th 2011, 12:00am

    ... Beijing confirmed plans for setting up yuan settlement and clearing centres with other countries, the latest step designed to raise the currency's profile while also promoting development ... of getting into the yuan. In particular, they were ready to cite the expectation of continued appreciation against the United States dollar and other hard currencies, the ease of transactions in Hong ...

  6. HK keeping currency undervalued, says US think tank

    Posted Mar 26th 2010, 12:00am by Staff Reporter

    ... Isabella Steger A US think tank has accused Hong Kong of undervaluing its currency to maintain its competitive edge against the mainland, a statement immediately derided by the government. ... keeping their currencies undervalued to maintain competitiveness against China. Fred Bergsten, head of the institute, told the House Ways and Means Committee that a successful campaign to pressure ...

  7. Economists cannot agree on revaluing of currency

    Posted Mar 11th 2010, 12:00am by Staff Reporter

    ... cent, de-pegging it from the dollar and linking it to a basket of currencies with a limited trading band. It had gained about 20 per cent against the greenback before being the re-pegging. ...

  8. European Union to seek action on rising trade, currency imbalances

    Posted Nov 13th 2007, 12:00am by Tom Miller

    ... to cut into the trade surplus,' said Ben Simpfendorfer, chief Asian strategist at RBS. The weakness of the yuan against major European currencies was a major reason why the EU had become ...

  9. Foreign currency deposits grow as yuan outlook dims

    Posted May 19th 2008, 12:00am by Staff Reporter

    ... Adam Chen A rise in foreign currency deposits in mainland banks last month after a long slide signifies an easing of expectations- at least domestically- that the yuan will continue to appreciate in the short term. But upward pressure might resume after the United States Treasury accused the country of keeping its currency 'substantially undervalued' in its latest ...

  10. Hong Kong well served by currency board despite Argentina's woes

    Posted May 17th 2005, 12:00am by Jake Van Der Kamp

    ... Jake van der Kamp WHY IS IT that discussions on the subject of currency board systems in international journals mostly refer to Argentina's calamitous experience with one and then lament that they cannot last? Why do so few of them suggest that the problem with Argentina's experience of a currency board may have been Argentina and not the currency board? Perhaps ...




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