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  • October 23, 2014
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  1. Beijing clears yuan and yen for trade

    Posted May 30th 2012, 12:00am

    ... the IMF's special drawing rights (SDR) within the next five years. The SDR is based on a basket of four major currencies- the US dollar, the euro, the yen and the British pound. 'The IMF needs China a lot more than China needs the IMF,' said Prasad. China began establishing bilateral swap arrangements with other countries in the late 1990s, allowing the countries' monetary ...

  2. US 'must adjust to China's rise at World Bank'

    Posted Mar 21st 2011, 12:00am by Toh Han Shih

    ... influence on US economic policy towards Japan, China and Europe. China's ability to influence international institutions like the IMF has grown over the last 10 years and accelerated after ... to revalue its currency. China has successfully neutralised the G20 by removing any reference to China's currency valuation, the report notes. This is also true in the IMF, where ...

  3. New currency peg passes initial test

    Posted May 20th 2005, 12:00am by Louis Beckerling

    ... for the new system, first unveiled by HKMA chief executive Joseph Yam Chi-kwong on Wednesday, 'The IMF welcomes the three refinements to the operation of the linked exchange rate system, most ... the IMF's local representative. 'Taken together, these refinements should strengthen the operation of the currency board system.' Reuters reported that Hong Kong dollar trading reached ...

  4. Unshackled yuan doesn't get experts' vote with capital flight risk

    Posted Oct 02nd 2004, 12:00am by Staff Reporter

    ... the trading band but not abandon its dollar link altogether. China should 'introduce, in a phased manner, greater exchange rate flexibility', the IMF noted- language well short of calling for a revaluation. Apart from the IMF, some academics argue that a flexible yuan could be disastrous for the financial system as it would encourage rapid movements in capital and destabilise the yuan. ...

  5. New law to protect settlement systems

    Posted Jul 03rd 2004, 12:00am by Enoch Yiu

    ... in Hong Kong, the IMF recommended that there should be explicit legislative provisions to provide oversight of clearing and settlement systems, and for ensuring settlement finality ...

  6. Mainland faces currency battle

    Posted May 07th 2012, 12:00am

    ... Poon says. 'Moves up and down are determined by market forces, so if supranational bodies such as the IMF and World Bank include the yuan in their reserve drawing rights, it is just one ...

  7. Basket weaving can benefit Hong Kong

    Posted Nov 21st 2010, 12:00am by Philip Bowring

    ... to a basket of currencies, not a single one, was appropriate - and proposed the IMF's unit of account, the special drawing right. Today, most assume that the peg will eventually be shifted, ...

  8. G20 refuses to back US push for action on yuan

    Posted Nov 13th 2010, 12:00am by Sophie Yu

    ... to be dealt with, and I am confident it can be.' The leaders, nonetheless, agreed to setting guidelines to assess 'persistently large imbalances' under an existing IMF mechanism where ...

  9. G8 summit offers Hu a window to adjust yuan policy

    Posted Jul 06th 2005, 12:00am by Tom Holland

    ... could get a rocky reception when he visits Washington in September. China would face fresh criticism at the IMF meeting the same month, and the Senate would almost certainly revive ...

  10. So is this euro crisis good or bad for China?

    Posted May 24th 2010, 12:00am by Tom Holland

    ... (HK$7.32 trillion) EU-IMF lifeline. As a result, the optimists say the main consequence of the European crisis for East Asian economies should be to damp down external demand, which should decrease ...




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