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  1. Business - Comment - MONITOR

    Hong Kong's offshore yuan market is driven largely by tax dodgers

    Posted Dec 06th 2012, 12:00am by Tom Holland

    ... Tom Holland Speculation not the only thing behind the mainland currency's growth, as data points to soaring cross-border trade being settled in yuan HK's offshore yuan market is driven largely by tax dodgers Writing in these pages on Tuesday, my colleague Jake van der Kamp argued that the only thing driving the development of Hong Kong's offshore yuan market ...

    http://www.scmp.com/business/article/1098362/hong-kongs-offshore-yuan-market-driven-largely-tax-dodgers
  2. Comment - Insight & Opinion

    Offshore yuan market gets into its stride

    Posted Aug 20th 2012, 12:00am by Donna Kwok

    ... Donna Kwok Donna Kwok says the strategy of making China's currency truly international is on schedule Growing liquidity of offshore yuan signals a broader and deeper market The offshore renminbi market in Hong Kong has just turned two years old and the currency has made extraordinary strides. Since it took its first toddler steps in July 2010, the daily turnover ...

    http://www.scmp.com/comment/insight-opinion/article/1018577/offshore-yuan-market-gets-its-stride
  3. 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 ...

    http://www.scmp.com/article/991842/citys-offshore-trading-ambitions-dealt-double-blow
  4. Beijing eases rules on using offshore yuan

    Posted Oct 15th 2011, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com Beijing has issued guidelines allowing foreign companies to use yuan held offshore instead of US dollars to finance their mainland projects as it steps up ... Companies will remain banned from using offshore yuan to invest in mainland stocks or bonds or as loans to mainland firms. Hong Kong lenders handling the repatriation also need official approval ...

    http://www.scmp.com/article/981928/beijing-eases-rules-using-offshore-yuan
  5. Offshore yuan under pressure

    Posted Jun 10th 2011, 12:00am

    ... investors who cannot access mainland capital markets means the offshore yuan spot rate has been stronger against the US dollar than the onshore yuan rate, reflecting speculative bets that the mainland currency would continue to strengthen. But yesterday the offshore yuan spot rate traded at a discount to the onshore rate after many speculators unwound their positions- even though ...

    http://www.scmp.com/article/970224/offshore-yuan-under-pressure
  6. Business - Banking & Finance - FINANCE

    London pushes ahead with yuan ambitions

    Posted Dec 03rd 2012, 12:00am by Enoch Yiu

    ... ambitions A slower yuan appreciation might dampen investors' interest in the currency but would not affect London's ambitious plans to develop itself as a leading offshore yuan centre. ... to discuss what role London could play in offshore yuan trading. A working group formed by leading Hong Kong and British banks, including HSBC, Standard Chartered Bank, Industrial and Commercial Bank ...

    http://www.scmp.com/business/banking-finance/article/1095829/london-pushes-ahead-yuan-ambitions
  7. 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 ...

    http://www.scmp.com/business/economy/article/1074095/strait-yuan-trade-deal
  8. First yuan bonds issued in London

    Posted Apr 19th 2012, 12:00am

    ... of the yuan, UK Chancellor George Osborne said as British and Chinese financial institutions formally launch the offshore market initiative in London. China has been encouraging yuan-denominated bonds ... Internationalisation means enabling individuals and companies outside the mainland to buy and sell yuan. London, which is competing against places such as Singapore and New York to become an offshore yuan ...

    http://www.scmp.com/article/998576/first-yuan-bonds-issued-london
  9. Comment - Insight & Opinion

    Goal of yuan convertibility within reach

    Posted Mar 27th 2013, 12:00am by QU HONGBIN

    ... about six-fold in three years, to nearly 12 per cent; the pool of offshore renminbi, non-existent three years ago, now tops around 900 billion yuan (HK$1.1 trillion). By 2015, the currency could ... markets and new offshore centres like Singapore, Taiwan and London, to stock market investment schemes and foreign direct investment and Chinese direct investment overseas. The offshore renminbi ...

    http://www.scmp.com/comment/insight-opinion/article/1200364/goal-yuan-convertibility-within-reach
  10. Business - Banking & Finance - CURRENCIES

    Yuan deposits set to leap to one trillion by end of 2013

    Posted Feb 01st 2013, 12:00am by Charlotte So

    ... economist of Hang Seng Bank, said: "Hong Kong's offshore yuan deposits could grow at a faster pace, reflecting an expected rebound in cross-border trade settlement flows and potentially ... is pressing hard to take the lead in the offshore yuan settlement business, hoping to leverage its large yuan deposit pool. However, new competition is mounting, as Singapore, London and Taiwan ...

    http://www.scmp.com/business/banking-finance/article/1140632/yuan-deposits-set-leap-one-trillion-end-2013

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