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Results 1 - 10 of 22 for offshore yuan trading

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  1. Bank of China seeking US acquisition targets

    Posted Jan 22nd 2007, 12:00am by Nevin Nie

    ... and trade finance, has only just begun to survey possible takeover targets. 'They're trying to identify possible targets but no discussions have begun,' said one source. Morgan ... competition at the end of last year as required by its World Trade Organisation commitments. After China's banks launched some of the world's largest IPOs in the past two years, there should ...

  2. Three Shenzhen stocks see sharp gains on trading debut

    Posted Oct 19th 2006, 12:00am by Nevin Nie

    ... to 50.51 yuan after dipping to 50.10 yuan. State-owned Shandong Demian had sold 70 million shares for 3.24 yuan each. The stock opened at 6.20 yuan and went up as high as 6.48 yuan in early trading ... yuan in morning trading before closing at 14.76 yuan. The new rules were made to avoid a similar situation to the debut on June 19 of China CAMC Engineering, which is still under investigation ...

  3. Yuan moves ahead of HK dollar

    Posted Jan 12th 2007, 12:00am by Nevin Nie

    ... dollar yesterday for the first time in 13 years, a day after Beijing announced a record high trade surplus. Traders believe the rise of the yuan was related to the announcement on Wednesday ... said. The China Foreign Exchange Trade System, the mainland's foreign exchange centre, quoted the mid-price of 7.7977 against the US dollar and 1.0004 Hong Kong dollars for one yuan ...

  4. Baolihua New Energy in 912m yuan placement

    Posted Dec 29th 2006, 12:00am by Nevin Nie

    ... Nevin Nie in Shanghai Guangdong Baolihua New Energy, a Shenzhen-listed thermal power generator, has raised 912 million yuan from a share placement to fund a project at its base in Meizhou. The company placed 96 million new A shares at 9.50 yuan to seven investors. After expenses, net proceeds came to 887 million yuan. The funds would finance the building of two 300-megawatt boiler units ...

  5. Ford's yuan bond sale a foreign first

    Posted Nov 03rd 2006, 12:00am by Nevin Nie

    ... of yuan-denominated bonds in the first local currency bond sale by a foreign multinational, sources said. 'They're waiting for approvals and have been for a long time,' said a person familiar ... in China. Multinationals expanding on the mainland are interested in selling yuan-denominated debt, known as panda bonds, to diversify their sources of capital. The deal is attractive ...

  6. Futures plan clears State Council hurdle

    Posted Feb 08th 2007, 12:00am by Nevin Nie

    ... in part because in 1995, trading in treasury bonds futures was halted after billions of yuan was lost in one day in March that year. Brokers said Beijing was also concerned that the derivatives ... the government said. It did not give a timetable for the launch of stock index futures trading. 'The approved regulations are the basic rules on the futures market,' Mr Luo said. 'Several ...

  7. Buoyant markets lift Citic earnings

    Posted Mar 17th 2007, 12:00am by Nevin Nie

    ... Bank of China and Bank of China. Gains from proprietary trading were 1.13 billion yuan, almost 10 times the revenue recorded a year earlier, as the Shanghai Composite Index advanced 130 per ... Nevin Nie in Beijing Citic Securities, the mainland's largest publicly traded brokerage house, said net profit increased almost sixfold last year, boosted by buoyant stock markets ...

  8. Shanghai Pudong plans HK$10b IPO

    Posted Nov 07th 2006, 12:00am by Nevin Nie

    ... A shares this month, raising 9.5 billion yuan at the current share price. The bank's A shares, which have risen 39 per cent this year, closed at 13.58 yuan yesterday, down from a 52-week high of 14.50 yuan reached on October 27. The shares trade at 16 times next year's projected earnings. Citigroup will raise its holding in the bank to 19.9 per cent after the sale, which is being ...

  9. Capital Securities to go public

    Posted Jan 26th 2007, 12:00am by Nevin Nie

    ... Nevin Nie Beijing broker joins back-door listing rush among peers through 2b yuan asset swap with Chengdu Qian Feng Capital Securities, a Beijing-based brokerage, is seeking to become a publicly traded company through a more than two billion yuan transaction with Shanghai-listed Chengdu Qian Feng Electronics. It joins a growing number of peers that seek back-door listings. Beijing ...

  10. Shanghai Cred targets US$200m in public offering

    Posted Mar 05th 2007, 12:00am by Nevin Nie

    ... yuan in registered capital and an asset value of 3.6 billion yuan, according to the company's website. It has eight projects in hand with a floor area of 1.4 million square metres. ... have dropped 7.5 per cent since they started trading in Hong Kong on February 23 to close on Friday at HK$3.33 each. Market observers saw China Properties' poor start as an isolated case ...




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