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  • October 23, 2014
  • Last updated: 11:25am
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Results 1 - 10 of 92494 for offshore yuan trading

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  1. Business - Banking & Finance - MARKETS

    City's offshore yuan pool under threat from trade discount

    Posted Oct 06th 2014, 04:10am by Jeanny Yu

    ... pool under threat from discount Hong Kong's offshore yuan pool risks drying up as offshore paper trades at its widest discount in more than two years, prompting mainland importers to avoid ... institutional investor (RQFII) scheme and the migration of liquidity to other centres- are adding to the challenges faced by Hong Kong banks in keeping yuan deposits. The offshore yuan had been trading ...

  2. Business - Banking & Finance

    Cross-border yuan payment platform next challenge for Beijing

    Posted Oct 20th 2014, 05:05am by Jeanny Yu

    ... the complexity in settling yuan trades and as offshore dealing in the currency swells, said Evan Goldstein, the global head of yuan solutions at Deutsche Bank. "In terms of major milestones that lie ... different language codes and documentation formats from international standards. To settle cross-border yuan payments, offshore banks will have to leverage clearing banks in different offshore ...

  3. Business - Banking & Finance - CURRENCIES

    Yuan to start direct trading with euro today

    Posted Sep 30th 2014, 04:32am by Bloomberg

    ... Bloomberg Move comes as mainland China encourages usage and internationalisation of currency Yuan to start direct trading with euro today The mainland will start direct trading between ... of the first market makers when trading begins in the mainland's domestic market. The euro will become the sixth major currency to be exchangeable directly for yuan in Shanghai, joining the US, ...

  4. Business - Economy - CURRENCIES

    Beijing's political ties crucial to liberalising the yuan

    Posted Oct 13th 2014, 04:13am by Jeanny Yu

    ... on to as the president furthers Beijing's goals for the internationalisation of the yuan. Xi's overseas trips, events that have long been choreographed around business and trade initiatives, have been ... in July, Seoul was granted a direct trading link with the yuan and an RQFII quota of 80 billion yuan (HK$101 billion)- the same as the quotas for Paris and Frankfurt. "Policies cannot be put ...

  5. Business - Banking & Finance - THE VIEW

    China speeds up transformation of yuan into global currency after crisis

    Posted Oct 20th 2014, 09:26am by Cathy Holcombe

    ... this goal has surprised even the most sanguine observers. Last year, the yuan overtook the euro to become the second-most-used currency in global trade finance after the US dollar. The yuan offshore ... Cathy Holcombe Yuan's transformation into a global currency has been speedy, but major reforms are needed if China is to seriously challenge the US dollar's status Dollar ...

  6. Business - Banking & Finance - BONDS

    Britain to issue first yuan offshore bond this year

    Posted Sep 14th 2014, 06:34am by Reuters

    ... Reuters in London London looking to boost quest to become the centre of offshore trade in renminbi UK to issue first yuan bond later this year Britain will become the first Western ... the bond to be issued this year and that it would be used to finance the government's reserves of foreign currency. Britain has been keen to attract Chinese banks and offshore trade ...

  7. Business - Banking & Finance - YUAN

    Shanghai free-trade zone rule change to boost offshore yuan loans

    Posted Jun 09th 2014, 03:29am by Jeanny Yu

    ... free-trade zone. Under the new rules, firms registered in the zone would be able to borrow yuan from offshore banks and use the proceeds to repay existing loans borrowed from Shanghai financial ... Jeanny Yu jeanny.yu@scmp.com Policies seen as part of Beijing's commitment to accelerate pace of capital account liberalisation Trade zone rule change to boost offshore loans Hong ...

  8. Business - Commodities - PRECIOUS METALS

    Beijing mulls use of offshore yuan in gold trading

    Posted Jun 05th 2014, 05:34am by BLOOM

    ... Bloomberg Platform being considered for free-trade zone in Shanghai as part of moves to liberalise markets Beijing mulls use of offshore yuan in gold trading The mainland, the world's largest bullion consumer and producer, is considering allowing the use of offshore yuan in gold trading in Shanghai's free-trade zone. The Shanghai Gold Exchange, the country's biggest ...

  9. Business - Banking & Finance

    ADB puts priority on stability in yuan internationalisation

    Posted Sep 24th 2014, 06:13am by Victoria Ruan

    ... Despite the vague globalisation timetable, the yuan has become increasingly popular. The mainland has set up offshore yuan centres in cities such as London and Frankfurt, and began direct trading of yuan with currencies including the South Korean won and the Australian dollar. Beijing began a pilot programme for cross-border yuan trade settlement in July 2009. By the end of June this year, ...

  10. Business - China Business - FUNDRAISING

    361 Degrees plans offshore yuan bond issue

    Posted Sep 01st 2014, 10:01am by Ray Chan

    ... Ray Chan ray.utchan@scmp.com Fujian-based sportswear firm 361 Degrees International is looking to raise fresh capital through an offshore yuan bond offering after reporting interim results ... for the proposed offering, without giving details of its size. “The company proposes to conduct an international offering of [yuan-denominated] senior unsecured notes,” the firm said. The net proceeds ...




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