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Results 1 - 10 of 140 for offshore yuan trading

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  1. Business - Banking & Finance - CURRENCIES

    Delayed payments system stalls yuan’s global ambitions

    Posted Jul 09th 2014, 11:18am by Reuters

    ... say it is unlikely to be ready before 2016. The slippage might be good news for China's big clearing banks, such as Bank of China, and offshore yuan centres such as London or Singapore, which stand to lose their privileged position. In the long run, however, an efficient global network for yuan trades will be essential for fulfilling Beijing's wish to boost ...

    http://www.scmp.com/business/banking-finance/article/1550191/delayed-payments-system-stalls-yuans-global-ambitions
  2. Business - Banking & Finance - CURRENCIES

    Bank of China plans to launch yuan bonds in Luxembourg

    Posted May 08th 2014, 11:18am by Jeanny Yu

    ... to the market to raise funds and is marketing its first euro-zone-listed, yuan-denominated bond to be traded in Luxembourg. The mainland's third-largest lender started marketing the notes ... to issue an offshore yuan bond. In January, BOC issued 2.5 billion yuan worth of bonds in London, and in February it issued three billion yuan of "Lion City" bonds in Singapore. ...

    http://www.scmp.com/business/banking-finance/article/1507284/bank-china-issuing-25b-yuan-bond-luxembourg
  3. Business - Economy - CURRENCIES

    Swiss seek offshore yuan trading role

    Posted Jul 08th 2013, 12:00am by Bloomberg

    ... Bloomberg in Beijing Swiss seek offshore yuan trading role Switzerland wants to become an offshore yuan trading centre in Europe, competing with Frankfurt and London to corner trade ... for as much as 800 billion yuan (HK$1.01 trillion)- four times the size of the Bank of England agreement. To have a trading hub, a central bank must have an agreement with the PBOC to swap its ...

    http://www.scmp.com/business/economy/article/1277465/swiss-seek-offshore-yuan-trading-role
  4. Business - Banking & Finance - CURRENCIES

    Frankfurt joins race for offshore trading in yuan

    Posted Jul 04th 2013, 12:00am by BLOOM

    ... Bloomberg in Frankfurt and New York ECB is expected to obtain a swap deal worth four times more than what Britain has secured Frankfurt joins race for offshore trading in yuan The race ... establishing the city as an offshore trading centre for the yuan. It is the latest chapter in China's push for greater use of its currency outside the country. "This has been an issue for our ...

    http://www.scmp.com/business/banking-finance/article/1274860/frankfurt-joins-race-offshore-trading-yuan
  5. Business - Economy - CURRENCIES

    Offshore trading of yuan rises in Hong Kong

    Posted Dec 15th 2012, 12:44am by Peggy Sito and Bloomberg

    ... more trades among offshore markets are settled in yuan and are handled through Hong Kong,” Chan said in Beijing after meeting mainland officials including banking and securities regulators. ... Peggy Sito and Bloomberg Settlement in currency between non-mainland parties grows in city amid international push HK’s yuan trade on the march Yuan trade between non-mainland entities has ...

    http://www.scmp.com/business/economy/article/1105768/offshore-trading-yuan-rises-hong-kong
  6. Business - Banking & Finance - CURRENCIES

    Offshore yuan falls to seven-month low

    Posted Mar 06th 2014, 01:20am by Jeanny Yu

    ... to 7-month low in offshore trade The yuan fell to a seven-month low in offshore intraday trading yesterday, signalling a vote of no confidence in Beijing's vow to maintain annual economic growth ... quarter alone. The yuan touched 6.1383 against the US dollar in offshore trade yesterday morning, its weakest level since July last year, before strengthening in the afternoon. However, ...

    http://www.scmp.com/business/banking-finance/article/1441418/offshore-yuan-falls-seven-month-low
  7. Business - Economy - CURRENCIES

    Paris bids for top spot in Europe's yuan business

    Posted Apr 29th 2013, 12:00am by Enoch Yiu

    ... Moscovici said France would be the most suitable location for an offshore yuan trading centre in Europe because many big international companies were based there. "These large companies will be major players in a yuan offshore market. Several have already demonstrated a keen interest in settling their international trade and making investments in yuan," he said, noting that many ...

    http://www.scmp.com/business/economy/article/1225435/paris-bids-top-spot-europes-yuan-business
  8. Business - Banking & Finance - CURRENCIES

    Stronger yuan a boost for Hong Kong banks

    Posted Apr 29th 2013, 12:00am by Enoch Yiu

    ... weight behind the local banking industry. HKMA chief Norman Chan Tak-lam announced a range of new measures to enhance the city's role as an international offshore yuan trading centre. From ... of trade settlement. Li said that as the yuan gradually internationalised, there would be greater opportunities for his bank amid further liberalisation of investment channels for offshore yuan ...

    http://www.scmp.com/business/banking-finance/article/1225438/stronger-yuan-boost-hong-kong-banks
  9. Business - Banking & Finance - CURRENCIES

    Deals put Switzerland on path to becoming a yuan hub

    Posted Jul 22nd 2014, 12:29am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Deals put Swiss on path to yuan hub Switzerland stepped closer to becoming an offshore yuan hub yesterday after it signed a bilateral currency swap agreement ... reserves in the Chinese bond market, the Swiss central bank said yesterday. The SNB flagged its ambition to build an offshore yuan hub in its announcement, saying the swap agreement was "a key ...

    http://www.scmp.com/business/banking-finance/article/1557114/deals-put-switzerland-path-becoming-yuan-hub
  10. Business - Banking & Finance - CURRENCIES

    London challenges Hong Kong with BOC's yuan bond

    Posted Jan 09th 2014, 01:49pm by Jeanny Yu

    ... to Dealogic. That compares with 77.1 per cent issued in North Asia. Offshore yuan debt issuance could rise by up to 60 per cent to 520 billion to 570 billion yuan this year, HSBC has estimated. ... as an emerging yuan hub. It now accounts for around a fourth of the offshore spot foreign-exchange transactions. Spot yuan foreign exchange volumes almost doubled in the first half of last year compared ...

    http://www.scmp.com/business/banking-finance/article/1401430/london-challenges-hong-kong-bocs-yuan-bond

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