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  • November 27, 2014
  • Last updated: 4:47am
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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. 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 ...

  3. Yuan currency, two systems. Time to ditch 'foreign renminbi'

    Posted Mar 26th 2011, 12:00am by Shirley Yam

    ... with Shirley Yam Does China consider the renminbi traded in Hong Kong and overseas a domestic currency or a foreign one? I ask this question- academic, if not incomprehensible, to some- ... outside mainland China has been called a 'foreign currency'. That gives the State Administration of Foreign Exchange full control on the inflow of yuan to the mainland. This is crucial ...

  4. Currency spat got you scratching your head? Check out this rap video

    Posted Nov 13th 2010, 12:00am by Alex Lo

    ... with Alex Lo It's not the greatest rap song, but US-China Currency Rap Battle is just about all you need for a primer on the dispute between two super-economies over each other's ... biaatch!' 'Listen Hu, I've got something to say. The RMB is too low, you know what I mean/I ain't saying you are a currency manipulator. But you ain't lettin' the yuan ...

  5. Creative currency solutions make yuan deposits hot in HK

    Posted Sep 11th 2010, 12:00am by Shirley Yam

    ... Beijing's efforts to internationalise the currency but is simply the result of recent expectations that the yuan will appreciate in value. So is the jump in yuan deposits a temporary boost ... percentage points higher than the negligible 0.3 per cent return he's getting on his Hong Kong dollar deposits. The yuan deposits would also reduce the pain of his currency mismatch if the yuan ...

  6. 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. ...

  7. Fall and rise of the renminbi: 'people's currency' rides out downturn to become a global powerhouse

    Posted Sep 25th 2009, 12:00am by Staff Reporter

    ... 1948, and former state leader Ren Bishi was appointed to oversee the design and circulation of the new currency. Paramount leader Mao Zedong asked for the currency to be named 'renminbi', meaning 'the people's currency'. From 1948 to 1953, banknotes from 1 to 50,000 yuan were issued on the mainland. One yuan is now worth HK$1.14, but not back then. ...

  8. Yuan: a super currency

    Posted Mar 14th 2007, 12:00am by Staff Reporter

    ... Cameron Dueck A senior reporter at the South China Morning Post takes a look at one of the business world's hottest topics: the power of China's currency China and the US have ... the countries spiral out of control. It's the main topic of debate whenever leaders from the two countries meet. But why should we care? The US dollar is the standard of global currencies ...

  9. Sitting ducks left out of currency hedging game

    Posted Dec 01st 2007, 12:00am by Shirley Yam

    ... export-oriented private entrepreneurs who receive revenue in US dollars and pay in yuan, it may feel like being a sitting duck with the country's restrictions on currency hedging. ...

  10. Asian currency rally may buoy exports

    Posted Sep 23rd 2003, 12:00am by Kelvin Chan

    ... A rally by the yen and other Asian currencies against the US dollar could be good news for Hong Kong, making the city's exports to its Asian neighbours more affordable, experts say. ... appreciates ... it will help a little bit for Hong Kong's exports to Japan's markets.' Asian currencies rallied against the US dollar yesterday after comments at the weekend Group ...




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