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  • October 24, 2014
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  1. City's offshore trading ambitions dealt double blow

    Posted Feb 06th 2012, 12:00am

    ... yuan (HK$1,227.1 trillion) by 2015 from less than 400 trillion yuan in 2010. Shanghai will set the benchmark price and lending rate for both onshore and offshore yuan markets. The mainland ... will be the one and only centre for offshore yuan business. But Hong Kong has done well in proving itself with the first-mover advantage,' Poon said. Keith Pogson, president of the Hong Kong ...

  2. Power Assets looks offshore to fuel growth

    Posted Mar 03rd 2011, 12:00am by Denise Tsang

    ... Denise Tsang Power Assets Holdings, formerly Hongkong Electric Holdings, will beef up its overseas portfolio, which fuelled a 7.4 per cent rise in net profit to HK$7.19 billion last year. Operations outside Hong Kong generated 23.6 per cent growth in prof ...

  3. Law firms' union driven by offshore listing fever

    Posted Jan 14th 2008, 12:00am by Enoch Yiu

    ... Enoch Yiu The rising tide of mainland companies listing offshore was the chief reason why one of Hong Kong's oldest homegrown law firms, Johnson Stokes & Master, agreed to surrender its 145-year-old independent practice and merge with international firm Mayer Brown, says Elaine Lo. Ms Lo, chairwoman of the partnership board of JSM, will become chairwoman of the Asia ...

  4. 9 charged over data leak

    Posted Mar 28th 2006, 12:00am by Martin Wong

    ... Martin Wong Nine former employees of seven banks and financial companies are due to appear in Kowloon City Court today, accused of leaking customers' data to a debt-collecting syndicate. The banks affected include Citibank, Bank of China, Hang Seng Bank, DBS and Citic Ka Wah Bank and consumer finance providers AIG and Wing Hang Credit. The Independent Commission Against ...

  5. HKEx cracks down on research leaks

    Posted Feb 24th 2006, 12:00am by Enoch Yiu

    ... as listing candidate Golden Eagle International came under fire for leaks from its prospectus. Market watchers said the stock exchange's move was expected to pave the way for the Securities ... in the mainland, had received warnings from the stock exchange about leaks of its pre-deal research. It is understood the company's listing sponsors had sent out letters to fund managers asking ...

  6. HKMA: banking outlook remains bright with overseas collaboration

    Posted Sep 16th 2011, 12:00am

    ... May Chan may.wychan@scmp.com The future of Hong Kong's banking industry remains bright if local lenders are willing to collaborate with overseas banks in offshore yuan trading, said ... said in an interview after attending an investment forum in London earlier this week. 'Not all overseas companies are willing and able to manage offshore yuan accounts,' he said. ...

  7. London seen as yuan threat

    Posted Apr 20th 2012, 12:00am

    ... Kong's offshore yuan market. Hong Kong is the first city to develop offshore yuan business and has been the prime destination for companies from the world over, offering so-called dim sum bonds ... announced in 2010 that they had agreed to work together to develop an offshore yuan market in London. While details on how they will co-operate are still being negotiated, Royal Bank of Scotland ...

  8. Beijing to foster HK-Shenzhen ties

    Posted Jun 29th 2012, 12:00am

    ... confirm the city as an offshore yuan trading centre. Overseas central banks can access the mainland onshore interbank bond market with the approval of the People's Bank of China. But Liu said their participation in the offshore yuan fixed-income market had been quite low. Five central banks tendered for the bonds. The banks weren't named, but sources said they were from regions spanning Asia ...

  9. Boost for HK as yuan trading hub

    Posted Jun 15th 2012, 12:00am

    ... Enoch Yiu, Lulu Chen and Jane Cai in Beijing To further boost the city's role as an offshore yuan trading centre, Beijing is set to announce new initiatives to coincide with the visit ... for Hong Kong is critical. 'The central government will continue to push ahead with the plan to build Hong Kong into an established offshore centre for yuan trading,' Song said. ...

  10. HSBC top yuan forex house in London, it says

    Posted May 24th 2012, 12:00am

    ... seeking to transform itself into the western world's leading yuan hub. But London's ambition to become an offshore yuan centre would complement, rather than compete with, Hong ... plus RMB payment and cash management. Last year, London's spot foreign exchange market's daily volume contributed 26 per cent of the global offshore yuan spot market volume, reaching ...




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