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  • November 24, 2014
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Results 1 - 10 of 14 for offshore yuan trading

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  1. Beijing should legalise and regulate booming underground banks

    Posted Nov 26th 2007, 12:00am by Wang Xiangwei

    ... of Lunar New Year, migrant labourers and particularly prostitutes plying their trade in the city withdrew all their hard-earned money totalling tens of billions of yuan and went home ... amount, it is safe to assume that tens of billions of yuan may have been poured into the Hong Kong stock market through illegal channels following Beijing's announcement in August ...

  2. Beijing has little choice but to keep investing in US Treasury bonds

    Posted Feb 23rd 2009, 12:00am by Wang Xiangwei

    ... that China's undervalued yuan and high savings were partly to blame for the global economic crisis. Since then, the Obama administration has backed down from that stance, but the comments left a bitter ... bargaining power in future trade talks with Washington and may be welcomed by the hawkish elements on the mainland. But the reality is that Beijing will have little choice but to continue to invest ...

  3. News - China - CHINA BRIEFING

    Aggression is not part of national character

    Posted May 19th 2014, 03:47am by Wang Xiangwei

    ... in the Yuan dynasty and Manchus in the Qing dynasty. It may sound simplistic, but history has indeed shown that when dynasties were ruled by Han Chinese they were known for trade and cultural ... of the Chinese traders plying the silk trade routes more than 2,000 years ago to promote trade and culture and Zheng He, an early Ming dynasty eunuch turned diplomat who led peaceful expeditionary ...

  4. Oil deal tests Washington's commitment to free market

    Posted Jun 24th 2005, 12:00am by Wang Xiangwei

    ... Wang Xiangwei The China National Offshore Oil Corporation's US$18.5 billion bid for Unocal looks set to spark a fierce debate in Washington over whether the deal poses a threat to America's national security and its overall trade and energy policies with Beijing. Two American lawmakers urged President George W. Bush to intervene and block the deal even before the bid ...

  5. News - China - CHINA BRIEFING

    Xi Jinping appears poised to unveil sweeping economic changes

    Posted Oct 28th 2013, 04:19am by Wang Xiangwei

    ... for discussion at the upcoming meeting. The plan covered eight areas, ranging from a dramatic loosening of government approval procedures and a break up of state sector monopolies to making the yuan ... measures would be adopted is unclear, as such plenums usually see intense horse-trading between the central government, local authorities and interest groups before a final list of measures ...

  6. Yuan to be adjusted as needed, says PBOC

    Posted Aug 05th 2005, 12:00am by Wang Xiangwei

    ... Wang Xiangwei in Beijing Main aim is to keep the currency at a reasonable and balanced level The mainland's central bank will make further adjustments to the yuan trading band when ... People's Bank of China will adjust the trading band of the yuan exchange rate at an appropriate time, according to the maturity of the market and economic and financial situation,' it said ...

  7. China, US working on banking deal

    Posted Nov 17th 2009, 12:00am by Wang Xiangwei

    ... (MOU) is part of a new strategic framework that Beijing and Washington are likely to announce before Obama leaves tomorrow, covering subjects from climate change to trade and international ... in sectors such as traditional banking or energy. In 2005, the China National Offshore Oil Corp's US$18.5 billion investment in the US oil company Unocal failed, largely because of political ...

  8. Premier defends stable exchange rate

    Posted Aug 06th 2003, 12:00am by Wang Xiangwei

    ... of the yuan would mount later this year, with global economic growth expected to slow and international trade protectionism to strengthen, placing more constraints on expansion of mainland exports. Most economists agree the mainland is unlikely to consider any drastic revaluation of its currency. But it is expected gradually to widen the trading band in which the yuan can fluctuate. ...

  9. Falling stocks intertwined with graft probe

    Posted Jun 23rd 2008, 12:00am by Wang Xiangwei

    ... billions of yuan from the listing. Pacific Securities, managed by a group of former CSRC officials and other financial officials, was floated in Shanghai on the last trading day of last year ... of Pacific Securities, owning shares valued at 1 yuan each. Pacific Securities' shares opened at 46 yuan on its trading debut. Insiders said the scale of the fraud indicated that it would ...

  10. Pragmatism the new order of bilateral relations

    Posted Nov 21st 2005, 12:00am by Wang Xiangwei

    ... that Beijing will be more willing to compromise over trade and currency to nurture this new direction. One such compromise it could make is widening the trading band of the yuan in the run-up ... Wang Xiangwei As widely expected, yesterday's meeting between President Hu Jintao and American President George W. Bush did not produce any significant breakthroughs in trade ...




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