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  • September 23, 2014
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Results 1 - 10 of 8054 for offshore yuan trading

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  1. Harvard dean urges yuan revaluation

    Posted Apr 03rd 2004, 12:00am by Chris Yeung

    ... of Chinese have been buying renminbi offshore, they must think it's going to be appreciated.' He said the yuan could be revalued by about 20 per cent. Professor Vietor, who is an expert ... of the yuan in view of the phenomenal growth of its economy over the past decade. Speaking to reporters during a recent visit to Hong Kong, Professor Vietor said the strength of the yuan had gone up ...

  2. Go-slow on yuan will help protect banks

    Posted Mar 01st 2004, 12:00am by Staff Reporter

    ... into the formal economy has yet to materialise. Meanwhile, banks have not been given permission to conduct some of the more potentially high-volume and lucrative parts of yuan trade. These include ... relating to currency exchange, offshore trading and movement towards full convertibility. Paramount is the need to sort out the mainland's more or less insolvent state-owned banks. Easing ...

  3. Lai See

    Posted Sep 29th 2004, 12:00am by Staff Reporter

    ... Mong Man-wai. Alas Mr Mong- boss of Shun Hing Electronic Trading and also known as the Electronics King- was fined $5,000 last month on two charges of failing to disclose his shareholding ... away to staff and clients. Some recipients did not want the tickets and were happy to re-sell them at giveaway prices (200 to 300 yuan) to the yellow bulls, who by Friday were offering tickets ...

  4. Passage from India

    Posted Mar 17th 2004, 12:00am by Peter Kammerer

    ... George W. Bush took office in January 2001, the trend, known variously as outsourcing or offshoring, is rapidly becoming a central issue of November's presidential election. ... call-centre workers are generally paid an hourly rate of US$6, while their counterparts in the Philippines take home US$5 a day. For a company opting to move such operations offshore, the decision can ...

  5. Offshore gas cuts need for pipeline

    Posted Aug 08th 2004, 12:00am by Chris Oliver

    ... elephant as the growing number of offshore liquid natural gas projects under way will dampen anticipated returns that looked poor from the start. 'The bullish call on this project based ... 'We see few strong near-term catalysts for stock price performance,' Mr Guan says. PetroChina traded higher when news of the foreign pullout was announced, but the share price ended ...

  6. Retail banks approved for yuan trade

    Posted Feb 10th 2004, 12:00am by Christine Chan

    ... Christine Chan Nearly all of Hong Kong's banks with retail operations, about 40 in total, have applied and received approval to operate yuan business from February 25, according to the city's yuan clearing bank. HSBC, Hang Seng Bank, Standard Chartered and yuan clearing agent BOC Hong Kong (Holdings) (BOCHK) will offer between 0.65 per cent and 0.75 per cent on yuan deposits. ...

  7. Small banks attract big yuan trade

    Posted Mar 04th 2004, 12:00am by Staff Reporter

    ... Kelvin Wong Most of Hong Kong's smaller banks are satisfied with the number of new yuan accounts being opened each week after they were introduced to the city. The bigger players, however, have missed their targets. Both Wing Hang and Liu Chong Hing banks said their yuan account take-up had so far been better than expected, with the latter recording a daily average of 500 ...

  8. Banks warming slowly to yuan trading with low-key approach

    Posted Feb 23rd 2004, 12:00am by Staff Reporter

    ... Kelvin Wong Hong Kong banks are taking a low-key approach to yuan banking as lenders prepare to launch the much-anticipated services on Wednesday. Many bank officials say they have ... in the future,' Bank of East Asia (BEA) executive director and deputy chief executive Chan Kay-cheung said. On Wednesday, three types of yuan service- deposit taking, currency exchange and remittance- ...

  9. Beijing sets timetable for full convertibility

    Posted Mar 07th 2004, 12:00am by Christine Chan

    ... convertibility. The yuan is already convertible for current account transactions- covering mainly trade flows. Capital account convertibility- which would cover funds sunk into direct investment ... centre for yuan transactions. 'We have no plans to set up a yuan offshore centre in Hong Kong,' he said, despite market talk that Hong Kong wanted to play a bigger role in yuan ...

  10. Surplus of talk on yuan value masks dollar dominance of trade

    Posted Sep 10th 2004, 12:00am by Jake Van Der Kamp

    ... that more than 10 per cent of the value of China's exports is truly yuan-sensitive and this also seems to be Beijing's view. It reports its foreign trade in US dollar terms and you have ... with Jake van der Kamp 'With 40 per cent of China's foreign trade conducted with Asian countries excluding Japan, he (John Williamson) said other Asian nations should ...




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