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  1. Regulator relaxes rules of trading yuan derivatives

    Posted Nov 07th 2006, 12:00am by Staff Reporter

    ... domestic institutions and individuals from trading yuan derivatives linked to foreign currencies, or non-deliverable forwards, in the offshore market last month. It was seen as a move ... Amy Gu in Beijing China's currency regulator will relax the trading of yuan-denominated forwards and swaps in an effort to boost the onshore market after banning local banks from ...

  2. Regulator tightens rules on yuan trade

    Posted Oct 28th 2006, 12:00am by Staff Reporter

    ... Amy Gu in Beijing China's foreign exchange regulator plans to prohibit banks in the country from trading yuan forward contracts in the offshore market, sources said. The State ... Exchange Trade System & National Interbank Funding Centre, the source said. This is the first time the Chinese regulator has forbidden trading of offshore non-deliverable yuan forward ...

  3. ICBC, Goldman consider offshore business alliance

    Posted Mar 18th 2006, 12:00am by Staff Reporter

    ... such as asset management and insurance. Restrictions on derivatives trading have also eased. Regulators have further indicated they would encourage banks to offer offshore asset management services ... Bei Hu The Industrial and Commercial Bank of China (ICBC) and US investment bank Goldman Sachs are considering jointly developing an offshore asset management business, the mainland's ...

  4. NSSF set to name managers for US$1b offshore funds

    Posted Nov 10th 2006, 12:00am by Jamil Anderlini

    ... fund managers to manage a combined US$1 billion in five offshore funds 'very soon', sources said. The naming of the firms has been delayed by negotiations over the exact terms ... previously reported to be among those short-listed to act separately as offshore managers for funds dedicated to international stocks outside the United States, US equities, Hong Kong shares, ...

  5. BOC skirts offshore stock trade ban

    Posted Jan 12th 2006, 12:00am by Staff Reporter

    ... of two foreign currency stock-linked wealth management products, the first schemes to give mainland citizens exposure to offshore-listed Chinese companies. The two are packaged as structured derivative products, hence circumventing a ban prohibiting mainland citizens and most of the country's companies from directly trading overseas-listed stocks. They will be put on the market ...

  6. Beijing gives HK first-mover advantage in offshore yuan

    Posted Jun 30th 2006, 12:00am by Tom Holland

    ... Tom Holland One day Hong Kong may become the centre of a thriving offshore market in yuan-denominated securities. But that day remains very, very far in the future. For the time being, ... Kong will begin to develop a genuine, market-determined yield curve for offshore yuan and the market here will start to gain mass. And if rule changes onshore confer a clear regulatory or tax ...

  7. 700b yuan in bets flow offshore

    Posted Jul 14th 2006, 12:00am by Staff Reporter

    ... with more than 60 per cent of stakes placed by punters from mainland China and Southeast Asia. Peking University's China Centre for Lottery Studies estimates 700 billion yuan in bets ... Cup, seizing 123.5 million yuan and freezing 28.5 million yuan in bank deposits. Guangzhou police said their campaign netted 14 suspected members of two gangs responsible for organising online ...

  8. CNOOC gets low-rate 12.8b yuan loan

    Posted Jun 03rd 2006, 12:00am by Staff Reporter

    ... Tim LeeMaster CNOOC, China's largest offshore oil producer, has arranged a 12.8 billion yuan loan at cut-rate interest to fund the acquisition of a Nigerian oilfield stake, its parent ... by Beijing to facilitate growth in the foreign trade of mainland firms. When the acquisition was announced in January the company had said it would be funded internally. The move to debt financing ...

  9. Local banks to offer yuan interest rate swap contracts

    Posted Aug 12th 2006, 12:00am by Staff Reporter

    ... Yuan-denominated contracts are now available only on the mainland so Hong Kong will be the first offshore market to offer such derivative products. Justin Chan Siu-chung, a member of the association ... for their yuan interest rate exposure. The association is studying details of the service including creating an offshore swap offer rate. ...

  10. Players give lukewarm response to offshore investment schemes

    Posted Aug 11th 2006, 12:00am by Staff Reporter

    ... Bei Hu The first authorised schemes introduced by banks to pool yuan funds in the mainland for offshore investments have drawn tepid reception, belying the initial fanfare of what turned ... deposit rates imply 2 per cent yuan appreciation over six months could erase the yield enhancement from offshore investments. The setback experienced by two of the mainland's largest lenders ...




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