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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. HKMA chief warns of asset bubble

    Posted Oct 16th 2010, 12:00am by Enoch Yiu

    ... consider investing part of the Exchange Fund in yuan, but some technical issues needed to be resolved first. He said the mainland's currency reforms would allow Hong Kong to develop as an offshore yuan trading centre. ...

  5. Foreign banks get go-ahead to buy yuan bonds

    Posted Aug 18th 2010, 12:00am by Enoch Yiu

    ... and individuals to invest in yuan products. This will benefit Hong Kong as an offshore yuan trading centre,' Fung said, adding that Hang Seng Bank would apply to trade in mainland bonds. ... to invest on the mainland. This will further promote the development of yuan trade settlement in Hong Kong, and enhance the attractiveness of yuan offshore business in the city,' said Norman ...

  6. Bigger mainland role looms for HK

    Posted Dec 18th 2010, 12:00am by Gary Cheung

    ... more opportunities on the mainland. 'We hope Hong Kong would be allowed a bigger role in the mainland's efforts to internationalise the yuan and in the offshore yuan trading ... industries can take up opportunities arising from the mainland's economic development. A bigger role for Hong Kong in the mainland's efforts to internationalise the yuan was among ...

  7. Shanghai seen as China's top financial centre in long term

    Posted Jul 24th 2010, 12:00am by Toh Han Shih

    ... Toh Han Shih Although Shanghai has dropped plans to be an offshore yuan trading hub, the race to overtake Hong Kong as China's top international financial centre is far from over. Shanghai Vice-Mayor Tu Guangshao announced this week that it would focus on being an onshore yuan trading centre, leaving Hong Kong to remain the dominant hub for offshore trading of the currency. ...

  8. First yuan funds likely this year, official says

    Posted Jul 09th 2010, 12:00am by Enoch Yiu

    ... to its goal of becoming an international offshore yuan trading centre. Wheatley declined to confirm whether the SFC had already received a yuan investment product application. 'The SFC ... investors to transfer yuan funds to brokers and fund houses, a move that will enable companies to make initial public offerings in yuan, while fund houses can sell yuan funds and brokers can trade ...

  9. HKEx profits dip in third quarter

    Posted Nov 11th 2010, 12:00am by Enoch Yiu

    ... Arculli said the expansion of the yuan trade settlement in Hong Kong and the development of yuan investment products in Hong Kong would help Hong Kong become an offshore yuan trading centre. 'At HKEx, we will continue to introduce mainland-related products to expand our China dimension. We are also modifying our infrastructure to support the trading of yuan products in our ...

  10. Confidence drives return to funds

    Posted Aug 24th 2010, 12:00am by Enoch Yiu

    ... Hong Kong's role as an offshore yuan trading centre.' In terms of best sellers, China region equity funds, emerging markets equity funds and sector funds led the way in the first half ... Enoch Yiu Investors are getting back into funds as confidence returns to the market, with the mainland's relaxation of trading in the yuan expected to spur future growth. Retail fund ...




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