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  • November 22, 2014
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Results 1 - 10 of 1052 for offshore yuan trading

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  1. Bid to make HK offshore centre for yuan trade

    Posted Dec 29th 2009, 12:00am by Staff Reporter

    ... Fanny W.Y. Fung in Beijing and Maria Chan Hong Kong will move a step closer to becoming an offshore centre for yuan business under a proposal to be studied by Beijing to allow mainland ... said the mainland would also explore the viability of using yuan for trade and project financing in Hong Kong, and would continue to strengthen the development of the yuan debentures business ...

  2. Yuan bond market 'to face pressure'

    Posted Jul 14th 2009, 12:00am by Staff Reporter

    ... by the mainland's trading partners, who would be seeking to park their funds in liquid and safe assets. Rising offshore yuan holdings would in turn force the mainland to face the challenge of loosening ... as an offshore centre for yuan trading, and yuan deposits in the city might expand to more than 400 billion yuan (HK$453.72 billion) from the current 53 billion yuan. If the yuan became widely accepted ...

  3. Scope of yuan trade should be broadened

    Posted May 05th 2009, 12:00am by Staff Reporter

    ... the problem and make Hong Kong the offshore centre for the yuan, Beijing was also considering a plan to allow recipients to trade their yuan reserves in the city, sources said. Mr Mak said the main ... Maria Chan Hong Kong's role as an offshore centre for the mainland's currency would be enhanced by Beijing's proposal to allow countries receiving its financial aid to trade ...

  4. Cross-strait thaw needn't freeze out Hong Kong

    Posted May 13th 2009, 12:00am by Staff Reporter

    ... in place arrangements to make the yuan a regional trading currency and Hong Kong is set to become an offshore settlement centre for it. Regional trade in yuan will inevitably expand to include ...

  5. Waiting for the men from the ministry

    Posted Jul 31st 2009, 12:00am by Amanda Lee

    ... Amanda Lee It has been nearly two years since the launch of an offshore yuan-denominated bond in Hong Kong, but the trading level of these securities remains low. Although the market ... not allowed to settle in yuan.' HSBC's research estimated the trial renminbi trade settlement scheme could lead to an annual surplus of 140 billion yuan offshore. Most bondholders have taken ...

  6. Let's stick to what we're best at- and do it better

    Posted Apr 12th 2009, 12:00am by Staff Reporter

    ... including Argentina, South Korea and Belarus, will also promote greater use of the yuan in trade settlement. Hong Kong is a natural offshore centre for settling accounts in yuan, so it will benefit ... of reality about Hong Kong's place in the larger scheme of the nation's rise to economic superpower and the future of the yuan as a trade currency. He prefaced his remarks with the usual ...

  7. HK has part to play in yuan derivatives market

    Posted Apr 07th 2009, 12:00am by Staff Reporter

    ... to build the city as an important offshore yuan centre. Companies in Hong Kong and Macau will be allowed to use yuan to settle trade in goods with partners in Guangdong and the Yangtze River Delta under a pilot programme announced in Beijing late last year. The challenge to Hong Kong is that Shanghai will also start its test on yuan trade settlement and as a clearing centre. Last month, ...

  8. Deal signed on yuan settlement

    Posted Jun 30th 2009, 12:00am by Enoch Yiu

    ... Maria Chan, Neil Gough and Enoch Yiu Trade between Hong Kong and the mainland could be settled in yuan from as early as next month after the two sides yesterday signed an agreement ... executive Joseph Yam Chi-kwong will allow companies on both sides of the border to settle trade in yuan as well as other currencies. That move will boost Hong Kong's ambitions to become a yuan ...

  9. Prepare for renewed yuan strength after a stable year

    Posted Jun 11th 2009, 12:00am by Tom Holland

    ... the currencies of China's major trading partners. Now the offshore market is expecting the authorities to resume pushing the yuan higher at some point over the next 12 months, and it is likely ... This bullishness reached its height early last year, when the yuan was climbing strongly against a weak dollar in the spot market. Not surprisingly, times when the offshore foreign-exchange market expects ...

  10. Beijing bid to expand HK's yuan business

    Posted May 04th 2009, 12:00am by Cary Huang

    ... in a significant move aimed at making the city a yuan offshore centre, sources say. Under a programme to gradually turn the yuan into an international currency, the State Council is studying a proposal ... is not fully convertible, can only be spent on buying products made in China. Under these circumstances, the government was considering a plan to allow nations receiving aid to trade their yuan ...




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