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Results 1 - 10 of 6041 for offshore yuan trading

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  1. London eyes a slice of offshore yuan trade

    Posted Nov 11th 2010, 12:00am by Naomi Rovnick

    ... Naomi Rovnick London is set to become an offshore yuan trading centre, according to the United Kingdom's Chancellor of the Exchequer. In a speech in Hong Kong yesterday, Chancellor ... allowed Hong Kong to build up a very small renminbi deposit base, currently standing at 150 billion yuan, so banks here can experiment with yuan trading and yuan-denominated investment products. ...

  2. Shanghai drops offshore yuan trading hub dreams

    Posted Jul 22nd 2010, 12:00am by Enoch Yiu

    ... Daniel Ren in Shanghai and Enoch Yiu Shanghai has backed off from plans to establish itself as an offshore centre for yuan trading, leaving the field clear for Hong Kong to remain ... offshore centre in both Shanghai and Hong Kong. That statement triggered concerns about intensified rivalry between the two cities. An offshore yuan trading centre allows non-Chinese companies, ...

  3. Dai backs Shanghai as yuan offshore trade hub

    Posted Apr 05th 2010, 12:00am by Staff Reporter

    ... cities into centres for the trading of the yuan offshore. His forthright comments are considered rare among senior mainland officials who have been at pains to play down the Shanghai-Hong Kong ... Daniel Ren in Shanghai China's national pension fund boss, Dai Xianglong, has backed Shanghai to beat Hong Kong in the race to become the principal market for offshore trading ...

  4. No time to crow, there's work to do on offshore yuan centre

    Posted Jul 31st 2010, 12:00am by Shirley Yam

    ... with Shirley Yam Much has been said about Beijing's choice of Hong Kong over Shanghai as the country's only offshore yuan centre. Victory is the word widely used. However, before ... financial crisis and pointed out the importance of the synergy between offshore and onshore yuan centres. Then came the surprising speech by Shanghai deputy mayor Tu Guangshao on July 21 in which he ...

  5. Shipbuilder eyes growth from offshore products

    Posted Nov 08th 2010, 12:00am by Amanda Lee

    ... carriers and drilling rigs. Rongsheng won a 951 million yuan (HK$1.1 billion) contract in 2007 from CNOOC, the mainland's biggest offshore oil explorer, to build a dynamically positioned ... Amanda Lee China Rongsheng Heavy Industries Group Holdings, which is raising up to HK$17.68 billion in a share sale, says it will grow revenues by making offshore engineering products. ...

  6. Imports weigh on trade surplus

    Posted Sep 11th 2010, 12:00am by Denise Tsang

    ... Denise Tsang China's trade surplus swelled by a less-than-expected 30.4 per cent year on year in August, but economists say pressure for yuan appreciation will continue to dog ... election, expect every nuanced movement [in the US-China trade relationship] to be used by Beijing and Washington to further their stance on yuan,' HSBC chief economist Qu Hongbin said. Next ...

  7. Ruinian shares decline 7.4pc in trading debut

    Posted Feb 20th 2010, 12:00am by Yvonne Liu

    ... Yvonne Liu Shares of Ruinian International, a mainland health-care product manufacturer, fell 7.4 per cent on their first day of trading yesterday, steeper than the 2.6 per cent drop ... yuan per capita, compared with 2.80 yuan per capita in Japan,' he said. 'It shows there is ample space for development in the mainland market.' The company plans to launch two ...

  8. Tsang sees bigger role for yuan bond business

    Posted Feb 25th 2010, 12:00am by Enoch Yiu

    ... Enoch Yiu More yuan investment products will be encouraged and incentives offered for investors to trade Exchange-Traded Funds and bond products. The measures are part of the government's efforts to promote Hong Kong as a testing ground for offshore yuan services. Financial Secretary John Tsang Chun-wah said the government hoped the 6 billion yuan (HK$6.8 billion) sovereign ...

  9. Yuan liberalisation results in more opportunities for professionals

    Posted Sep 18th 2010, 12:00am by Chris Davis

    ... yuan transactions in Hong Kong and has expanded its trade settlement scheme. Analysts estimate that yuan trade settlement business could account for 40 to 50 per cent of mainland foreign trade- or nearly US$2 trillion- in three to five years. They also believe the expansion of yuan trade and investment schemes will not only increase the volume of yuan denominated trade outside Asia, ...

  10. New bond sale pushes HK as offshore yuan centre

    Posted Nov 23rd 2010, 12:00am by Lulu Chen

    ... Lulu Chen The mainland will issue bonds worth 8 billion yuan (HK$9.34 billion) in Hong Kong to create more yuan investment products and promote the city as an offshore yuan centre. ... that by offering a 10-year bond for the first time, the ministry would provide a new benchmark and a full-range yield curve in the offshore yuan bond market. 'With more products, the secondary market ...




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