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  • July 12, 2014
  • Last updated: 12:56pm
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Results 1 - 9 of 9 for offshore leaks

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  1. Business - Banking & Finance - CURRENCY

    Yuan tumbles to 11-month low, with fears it could fall further still

    Posted Mar 19th 2014, 11:52pm by Jeanny Yu

    ... and offshore yuan stood at 6.1870. The market, including both foreign exchange and equity investors, reacted strongly to the yuan's fall yesterday, fearing the People's Bank of China is being ... onshore yuan rose 2.9 per cent and offshore yuan 2.2 per cent. ...

  2. Business - Banking & Finance - CURRENCY

    London jumps queue in race to be yuan hub

    Posted Oct 15th 2013, 05:13pm by PHOENIX KWONG

    ... in the UK. Raymond Yeung Yu-ting, senior economist at ANZ Banking, said the direct yuan-pound trading and the granting of a RQFII quota would help London become an offshore yuan centre. European ...

  3. Business - Economy - CURRENCY

    China, Britain central banks agree on currency swap line

    Posted Jun 23rd 2013, 01:22pm by Agence France-Presse in London

    ... and the People’s Bank of China that this swap line has now been signed,” King said. “In the unlikely event that a generalised shortage of offshore renminbi liquidity emerges, the bank will have ...

  4. Business - Economy - CURRENCY

    A strait yuan trade deal

    Posted Nov 01st 2012, 12:00am by Ralph Jennings

    ... Ralph Jennings in Taipei Beijing and Taipei are working a plan that would turn the island into a major offshore settlement centre for the Chinese currency Strait yuan trade deal Beijing ... of a model offshore yuan settlement centre. The only hitch is that the system is not quite all in place yet. Hong Kong leads the pack in terms of an offshore centre for the yuan, also known ...

  5. Business - Money - CURRENCY

    More exports can be in yuan, says economist

    Posted Nov 13th 2012, 12:00am by Eric Ng

    ... currencies, which will bring more opportunities for Hong Kong's trade financiers despite growing competition from other offshore yuan trading centres, according to an economist. Citing ... is the world's largest offshore yuan trading centre and has some 678 billion yuan in savings and time deposits in the banking system currently. London has attracted some firms to issue yuan-bonds there, ...

  6. Business - Banking & Finance - CURRENCY

    Slowing down the yuan

    Posted May 17th 2013, 12:00am by BLOOM

    ... the new requirements, said Liu Dongliang, a senior analyst at China Merchants Bank in Shenzhen. "There's not yet been any details on whether banks' offshore yuan holdings ...

  7. Business - Economy - CURRENCY

    HKMA supports Shanghai as onshore yuan hub

    Posted Dec 13th 2012, 12:00am by REN WEI

    ... and Hong Kong, an offshore centre, could be strengthened," Chan said. "There is still big room for the tie-up to be consolidated." Chan's remarks were aimed at allaying concerns ... fears in Hong Kong that the mainland's financial hub was readying to eat into its currency trade business. Hong Kong is the world's largest offshore yuan trading centre, where ...

  8. Business - Money - CURRENCY

    Yuan investments

    Posted Oct 29th 2012, 12:00am by Jasper Moiseiwitsch

    ... not lend to them in the currency, and offshore banks were blocked from investing in the mainland. So banks paid poor interest on yuan deposits. Much has changed over the past two years. ... for investing in mainland bonds has decreased. "There was a lot of retail interest in RFQII funds when they launched, because historically there was a big difference in onshore and offshore ...

  9. Business - Banking & Finance - CURRENCY

    Yuan gains tipped to run out of puff next year

    Posted Dec 31st 2012, 12:00am by JANE CAI

    ... liberalisation of the exchange rate. Offshore forwards contracts have been more bearish towards the yuan than the currency's performance in the spot market this year. One-year non-deliverable ...



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