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  • July 23, 2014
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Results 1 - 10 of 236 for offshore yuan trading

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  1. Business - Banking & Finance - BANKING

    Banks rush to open branches before Shanghai free-trade zone anniversary

    Posted Jul 08th 2014, 01:54am by George Chen

    ... restrictions on the international use of the yuan currency. Li and other senior officials are expected to attend the first year anniversary celebration of the free-trade zone in October. Besides ... open special onshore and offshore trade accounts and how to make money transfers between different accounts. Follow the reporter on Twitter: @george_chen ...

    http://www.scmp.com/business/banking-finance/article/1549229/banks-rush-open-branches-shanghai-free-trade-zone
  2. Business - Banking & Finance - BANKING

    Many happy yuan returns, Hang Seng

    Posted May 04th 2013, 12:00am by Enoch Yiu

    ... policies of the mainland have promoted onshore and offshore yuan capital flow. The use of the yuan has been further expanded to cross-border trades and investment, leading to greater demand ... is vying with rivals such as Paris, London, Tokyo, Sydney and Singapore to become the premier international yuan trading centre. The Monetary Authority last week lowered the capital reserves ...

    http://www.scmp.com/business/banking-finance/article/1229628/many-happy-yuan-returns-hang-seng
  3. Business - Banking & Finance - BANKING

    BOC beefs up in push for larger share of debt market

    Posted Jul 17th 2014, 01:22am by BLOOM

    ... Bloomberg BOC beefs up in push for larger share of debt market Bank of China is hiring traders and sales people as it sets up a high-yield bond trading platform to boost market share ... a deputy general manager for global markets at Bank of China (Hong Kong). Wang said the mainland's fourth-largest lender was seeking to grow as companies stepped up offshore fundraising ...

    http://www.scmp.com/business/banking-finance/article/1555493/boc-beefs-push-larger-share-debt-market
  4. Business - Banking & Finance - BANKING

    Foreign banks in Shanghai free-trade zone lack permits to transfer funds freely

    Posted Jul 08th 2014, 11:58am by George Chen, Jeanny Yu

    ... to be able to freely convert and transfer capital between overseas accounts and free-trade accounts (FTAs), which the central bank will treat as offshore accounts. Banks in the zone must apply ... George Chen and Jeanny Yu Key trade-zone permits elude foreign banks Ten foreign banks have opened subsidiaries in the Shanghai free-trade zone, but none has obtained a key permit ...

    http://www.scmp.com/business/banking-finance/article/1549490/lack-permit-stalls-ability-foreign-banks-ftz-branches
  5. Business - China Business - BANKING

    Shanghai free-trade zone approved to pioneer interest rate reform

    Posted Feb 26th 2014, 04:51pm by REN WEI

    ... their money. "It could somewhat help the real economy grow," he said. Last week, the PBOC allowed companies based in the zone to conduct offshore yuan borrowing, nearly a year after Qianhai, ... Daniel Ren in Shanghai ren.wei@scmp.com City's free-trade zone gets approval to liberalise interest rates on foreign currency deposits, but authorities emphasise need for caution ...

    http://www.scmp.com/business/economy/article/1435645/shanghai-free-trade-zone-approved-pioneer-interest-rate-reform
  6. Business - Banking & Finance - BANKING

    Alibaba teams up with mainland banks to offer loans to SMEs

    Posted Jul 23rd 2014, 01:33am by Sophie Yu

    ... that its online trading subsidiary Alibaba.com will team up with seven mainland banks to offer loans to small and medium-sized enterprises (SMEs) based on their online credit. The seven banks ... will offer unsecured loans to SMEs based on big data and credit system accumulated through Alibaba's online platform. The maximum credit will be 10 million yuan (HK$12.6 million). "Banks ...

    http://www.scmp.com/business/banking-finance/article/1557338/alibaba-teams-mainland-banks-offer-loans-smes
  7. Business - Banking & Finance - BANKING

    China investment banks making market inroads

    Posted May 26th 2014, 05:06am by Jasper Moiseiwitsch

    ... deals, they were not good at distribution, and they were prone to fundamental errors because of inexperience. In other words, for a big offshore transaction, it was best to hire a large Western ... of the offshore equity and debt deal volumes from mainland issuers. Post-crisis, their share is about 20 per cent. The impact was most pronounced in debt, by far the biggest source of issuance from ...

    http://www.scmp.com/business/banking-finance/article/1519508/china-investment-banks-making-market-inroads
  8. News - China Insider - BANKING

    ChinaLeaks: Exposé on Chinese elite’s offshore accounts comes at sensitive time

    Posted Jan 22nd 2014, 07:26am by Patrick Boehler

    ... Kong, the mainland and Taiwan whose offshore holdings have been exposed Relatives of at least five current and former members of China’s top leadership have been exposed as having offshore ... to nearly 22,000 offshore clients with addresses in mainland China and Hong Kong and 16,000 offshore clients from Taiwan. "China has become a leading market for offshore havens that peddle ...

    http://www.scmp.com/news/china-insider/article/1410840/chinaleaks-chinas-elites-offshore-accounts-exposed-unprecedented
  9. Business - Banking & Finance - BANKING

    Fears of tough action by Beijing following allegation BOC launders money

    Posted Jul 11th 2014, 11:34pm by Daniel Ren

    ... In the Shanghai free-trade zone launched last year, Beijing promised to make the yuan fully convertible to facilitate cross-border capital flows, but it has yet to implement this. The BOC scandal ... the yuan. "It is a wake-up call to all commercial banks, prompting them to plug the loopholes in their innovative products," Guo Tianyong, a professor at the Central University of Finance ...

    http://www.scmp.com/business/banking-finance/article/1552389/fears-tough-action-beijing-following-allegation-boc
  10. Business - Banking & Finance - BANKING

    Deutsche Bank taps into yuan's business potential

    Posted Dec 03rd 2012, 12:00am by Enoch Yiu

    ... and London are racing to be the main centre for offshore yuan business. "Our global universal banking model has huge advantages in being able to intermediate global trade flows and capital ... considering the yuan as a currency for both trade and financing," said Alan Cloete, Deutsche Bank's co-chief executive of Asia-Pacific. The yuan is not fully convertible, but since mid-2009 ...

    http://www.scmp.com/business/banking-finance/article/1096058/deutsche-bank-taps-yuans-business-potential

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