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  1. Beijing considers offshore yuan trading in HK

    Posted Feb 29th 2008, 12:00am by Enoch Yiu

    ... Enoch Yiu and Maria Chan The People's Bank of China says it will actively consider an offshore yuan trading centre in Hong Kong, raising speculation Beijing is accelerating plans ... at Bank of Communications' Hong Kong branch, said China was in no rush to reform yuan trading. 'There's always talk that the mainland wants to use Hong Kong as a yuan offshore ...

  2. Yuan bonds in HK bring offshore market closer

    Posted Dec 16th 2008, 12:00am by Staff Reporter

    ... Jane Cai and Woods Lee in Beijing Beijing's latest effort to boost the economy may eventually pave the way to an offshore market for yuan business after it allowed Hong Kong companies ... development in Hong Kong' and expand the currency's scale of settlements in trade with neighbouring nations. At present, only a handful of mainland banks can issue yuan-denominated debt ...

  3. Region's trading firms invited to use yuan

    Posted Dec 25th 2008, 12:00am by Staff Reporter

    ... Jane Cai and Maria Chan Big renminbi business expansion includes HK Companies in Hong Kong and Macau will be allowed to use yuan to settle trade in goods with partners in Guangdong ... Beijing's intention to avert risks brought on by an unstable US dollar - the currency in which most trades are settled - and to strengthen the position of the yuan in the international currency ...

  4. Economists hail yuan trade scheme as step to going global

    Posted Dec 26th 2008, 12:00am by Staff Reporter

    ... Jane Cai Beijing's decision to allow the yuan to be used as a limited trade currency lends long-term support to the renminbi and is a major step towards making it an international currency, experts said. The State Council said on Wednesday that companies in Hong Kong and Macau would be permitted to use yuan to settle trade in goods with partners in Guangdong and the Yangtze ...

  5. Results foreseen in Tsang's talks to expand yuan trade

    Posted Dec 18th 2008, 12:00am by Staff Reporter

    ... renminbi business. The State Council issued a directive on Sunday announcing that it would 'support yuan business development in Hong Kong' and increase the use of the currency in trade ... to be considered for expanding renminbi business, Mr Tsang is expected to discuss the possibility of yuan clearance and issuance of yuan-dominated bonds in Hong Kong. A source familiar with the situation ...

  6. Settlement scheme a milestone for yuan

    Posted Dec 26th 2008, 12:00am by Staff Reporter

    ... and financial infrastructure, we stand to benefit by acting as an offshore yuan settlement centre for yuan-denominated trade that is expected to expand under the scheme. What warrants particular ... in the west, Beijing surprised the world by announcing that it would allow companies in Hong Kong, Macau and the 10 Asean countries to use yuan to settle trade in goods with their partners in selected ...

  7. Exchange-rate policy unit points to further yuan flexibility

    Posted Aug 15th 2008, 12:00am by Staff Reporter

    ... to the speculation that the mainland will extend the flexibility of the yuan. The department would also be responsible for developing an offshore yuan market in tandem with the yuan ... the dollar each day. In May last year, Beijing expanded the yuan's daily trading band against the dollar to 0.5 per cent. Analysts expect Beijing to embark on a free-floating exchange-rate ...

  8. H shares proposed as hedge against forecast 5pc yuan slide

    Posted Dec 24th 2008, 12:00am by Denise Tsang

    ... Some economists say a weaker yuan could reignite trade frictions with China's major trading partners - the United States and the European Union - which say Beijing's policy of keeping the yuan low gives mainland exporters an unfair edge. The yuan's median exchange rate barely changed at 6.83 to the US dollar yesterday, the China Foreign Exchange Trade System said. It has ...

  9. Ping An to acquire 10pc stake in Yunnan Baiyao

    Posted Aug 06th 2008, 12:00am by Staff Reporter

    ... on the stock's last traded price of 33.53 yuan (HK$38.25), the company has a market value of 16.23 billion yuan and a 10 per cent stake will be worth 1.6 billion yuan. The deal is one of Ping An's ... link between Shanghai and Beijing. Trading of Yunnan Baiyao shares has been suspended since July 29 pending an announcement about its fund-raising plans. Trading will resume by August 12. ...

  10. Definitions of firms allowed to trade currencies to widen

    Posted May 15th 2008, 12:00am by Tom Miller

    ... of the central bank, to trade the yuan against five key foreign currencies - the US dollar, Japanese yen, Hong Kong dollar, euro and the British pound. 'The change is another small step towards ... and marked the next stage in relaxing controls on the mainland's capital markets. 'This will allow companies to convert yuan without paying the normal bank trading fee,' said one ...




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