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  • November 22, 2014
  • Last updated: 4:50am
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  1. Business - China Business - REGULATION

    Qianhai currency reform gives hope to China financial liberalisation

    Posted Aug 04th 2014, 03:40am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Relaxation of exchange controls seen as proof of mainland pressing ahead with financial change Qianhai currency reform gives hope to liberalisation ... in the rest of the mainland still have to submit an application to settle foreign exchange transactions by making payments with the mainland currency. The Qianhai authority's move would help ...

  2. Business - Banking & Finance - CURRENCIES

    Goldman Sachs warns won-yuan trading will weaken South Korean currency

    Posted Aug 01st 2014, 02:02am by BLOOM

    ... between the won and mainland China's yuan will hurt the South Korean currency by slowing the inflow of dollars, Goldman Sachs Group said in a report. Governments of the two Asian countries agreed on July 3 to make their currencies mutually exchangeable in Seoul later this year. The plan supports Goldman's prediction that the won will drop to 1,050 per dollar by the end ...

  3. Business - Banking & Finance - CURRENCIES

    Currency traders looking to profit from price swings

    Posted Jul 29th 2014, 01:50am by BLOOM

    ... Bloomberg in London Rise in volatility brightens prospects for forex dealers, despite increased uncertainty and risk Traders looking to profit from price swings Currency traders ... Global Strategies' index of currency returns rose 0.5 per cent last week in its biggest gain since March. "We've seen some tentative signs that volatility is picking up," said ...

  4. Comment - Insight & Opinion - JAKE'S VIEW

    China's currency swap deal with Switzerland is just plain dumb

    Posted Jul 27th 2014, 04:01am by Jake Van Der Kamp

    ... Jake van der Kamp China's currency swap deal with Swiss is just plain dumb Switzerland stepped closer to becoming an offshore yuan hub yesterday after it signed a bilateral currency ... came to US$182.2 billion. And now here is the problem. What can you do with US$182 billion in China? The country's currency is the yuan. You may buy a few things with US dollars, ...

  5. Business - Banking & Finance

    FX transfer firms eye big bank competitors

    Posted Nov 17th 2014, 05:08am by Reuters

    ... on by this year's row over alleged currency market manipulation by major banks. Kent's online business, Azimo, has a simple pitch: in the era of electronic money, the 4 to 12 per cent fees banks charge consumers for any transaction involving foreign currency is ludicrously expensive. Today, to transfer £100 (HK$1,214) to Germany, British high street bank Halifax would charge £9.50 and use a rate ...

  6. Business - Economy - THE VIEW

    Hong Kong at mercy of forces far beyond its control

    Posted Nov 20th 2014, 07:46am by RICHARD HARRIS

    ... warfare, it is usually less of a conspiracy and more a comedy of errors. We charge the Japanese of waging currency warfare, to beggar thy neighbours by making Japan's exports cheaper, just because the yen has collapsed 15 per cent since August. Such wild talk ignores the fact that most major currencies such as the euro and sterling have also weakened in that time. The yen has ...

  7. Business - Money - IPO WATCH

    Hong Kong Airlines dual-currency IPO may not take off

    Posted Jul 21st 2014, 03:18am by Ray Chan

    ... Ray Chan Hong Kong Airlines IPO is up against negative sentiment on yuan and its own difficulties Local carrier's dual currency listing may not take off Efforts to raise ... this month Hong Kong Airlines, a budget carrier partly owned by Hainan Airlines, said it would raise US$500 million in what could be Hong Kong's first dual-currency IPO, by floating yuan ...

  8. Business - Banking & Finance - REGULATION

    Global watchdog unveils plan to stop currency manipulation

    Posted Jul 16th 2014, 01:15am by BLOOM

    ... Bloomberg in Brussels Watchdog unveils plan to stop currency collusion Global regulators have published details of their plans to overhaul foreign-exchange benchmarks in response to allegations that traders colluded to manipulate rates in the US$5.3 trillion-a-day currency market. The Financial Stability Board (FSB) proposed changes to the way the WM/Reuters rates are calculated, ...

  9. Business - Economy - CURRENCY

    HKMA scraps 20,000 yuan daily conversion cap in landmark reform

    Posted Nov 12th 2014, 12:18pm by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Ending 20,000 daily limit the latest step in Beijing's internationalisation of the currency Cap on converting yuan scrapped Hong Kong will allow the city's residents to convert yuan freely from Monday- a landmark reform that marks the latest step in the internationalisation of the tightly controlled currency. The move will see the daily ...

  10. Business - Banking & Finance - CURRENCIES

    Sydney yuan hub status a windfall for importers

    Posted Nov 18th 2014, 05:11am by Bloomberg

    ... follows cities from London to Singapore that have established centres for dealing the yuan, which surpassed the euro last year as the most widely used currency in trade finance after the US ... is the highest after the yen among the Group of 10 currencies. The relationship has increased to 0.91, from about zero two years ago, as Australia deepened its trading ties with the world's ...




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