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  • November 26, 2014
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Results 1 - 10 of 12 for offshore yuan trading

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  1. Four cities chosen for renminbi trades

    Posted Mar 18th 2009, 12:00am by Paggie Leung

    ... for the renminbi settlement programme, Guangdong's Nanfang Daily reported. The proposal would allow about 300 companies in those cities to settle trade with enterprises in Hong Kong using the yuan ... Paggie Leung Guangdong has submitted a list of four pilot cities to the central government for the renminbi clearing scheme, which will allow companies to settle trades between ...

  2. Trade slow for Hongkongers running businesses in Beijing

    Posted Aug 18th 2008, 12:00am by Paggie Leung

    ... Paggie Leung A number of Hongkongers running businesses in Beijing say the Olympics is not doing much for trade, except in popular tourist districts. Peter Ku Long-yau, operations manager ... in Dongcheng district, said his restaurant's revenue reached 14,000 yuan (HK$15,900) on Saturday, up 50 per cent compared to other Saturdays. The migrant from Hong Kong said it was the best day ...

  3. Business - China Business

    Business Digest, January 2, 2013

    Posted Jan 02nd 2013, 12:00am by Paggie Leung, FP

    ... China Tianrui set to resume trading today China Tianrui Group Cement will resume trading today, it said in a filing to the Hong Kong stock exchange. The filing clarified its financial status and its capability of settling bank loans of 3.6 billion yuan (HK$4.4 billion) and short-term bonds of one billion yuan when they mature this month and in April. The announcement was made ...

  4. Tsang set to outline Hong Kong's role in renminbi clearing scheme

    Posted Apr 09th 2009, 12:00am by Paggie Leung

    ... and Dongguan to settle cross-border trade deals in yuan. A Hong Kong government spokesman said: 'We in Hong Kong have completed the necessary technical preparations for becoming the first place ... with trading partners to bypass the US dollar in trade settlements. CASS economist Zhang Bin said these swaps would guarantee the progress of yuan settlement. It was announced in December after a State ...

  5. Move will help HK stay ahead of competition

    Posted Apr 19th 2009, 12:00am by Paggie Leung

    ... said. Saying that the policies would also facilitate Hong Kong becoming a yuan-trade-settlement centre and stimulate the bond market, Mr Lau said the policies 'will raise Hong Kong's ... Paggie Leung and Fanny W. Y. Fung The central government's move to allow yuan-denominated bonds to be issued will not only benefit Hong Kong enterprises and banks, but will allow ...

  6. Beijing pledges measures to boost HK economy

    Posted Apr 19th 2009, 12:00am by Denise Tsang, Paggie Leung

    ... Beijing's offers, saying they were a significant step in internationalising the role of the yuan, spurring trade and stemming job losses. Tourism chiefs believed the policy to allow mainlanders ... more yuan-denominated bonds and making it easier for companies in the city to borrow money and distribute their goods on the mainland. Chief Executive Donald Tsang Yam-kuen announced ...

  7. Taiwan eases travel limits on mainlanders in HK

    Posted Sep 12th 2009, 12:00am by Martin Wong, Paggie Leung

    ... rule would benefit about 300,000 mainlanders in Hong Kong, the bureau's chief, Janice Lai Seh-jen, said. 'We expect the scheme can start from October' after the Executive Yuan ... the change, as the trade believed it would create more business opportunities. 'It is an untapped market,' Wu said. 'With the current regulation, there is no way we can organise any ...

  8. Businessman loses nearly HK$2.5 million as bank refuses to stop fraudulent payment

    Posted Oct 27th 2009, 12:00am by Paggie Leung

    ... Marcus Wong Chi-ming yesterday said he received a mobile phone text message from the Bank of Communications' Shenzhen branch about an overseas transaction of more than 2.19 million yuan (HK$2.49 million) made with his China UnionPay debit card at 4.44am on October 14. The 39-year-old trading company owner- who said he was in Hong Kong when the transaction was made- discovered ...

  9. Good Fellow wagers $560m on branching out to forestry

    Posted Jan 25th 2006, 12:00am by Paggie Leung

    ... in mid-June. An announcement yesterday on the deal broke almost three months of silence since the group applied for suspension of trading in its shares on October 27 pending a statement ... represented a discount of nearly 22 per cent to the Good Fellow shares' last traded price of 15.3 cents on 26 October. Since the resumption of trading, the shares have risen, closing yesterday ...

  10. Finance sector doubles in a decade

    Posted Aug 08th 2009, 12:00am by Dennis Eng, Paggie Leung

    ... The trade and logistics industry was the biggest contributor, at 25.8 per cent, followed by professional services, including legal and accounting services, at 11 per cent. Financial services, which ... said it was 'a long path' to expanding yuan deposits to an adequate level- about 6 trillion yuan (HK$6.81 trillion) was required but the sector now involved only about 53.4 billion ...




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