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Results 1 - 10 of 238 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

    Bocom in reform push for increased private ownership

    Posted Jul 29th 2014, 01:05am by DON WEINLAND

    ... Group in a deal valued at 227 billion yuan (HK$284 billion). The initial announcement sent Citic Pacific's share price soaring by about 30 per cent. Another government sell-off raises ...

    http://www.scmp.com/business/banking-finance/article/1561438/bocom-reform-push-increased-private-ownership
  10. Business - Banking & Finance - BANKING

    Tencent gets official approval to create private bank in Qianhai

    Posted Jul 26th 2014, 01:39am by DON WEINLAND

    ... and two investment companies, Shenzhen Baiyeyuan Investment and Shenzhen Liye, hold stakes in the Qianhai bank, known as WeBank. Tencent told mainland media the bank had 3 billion yuan (HK$3.75 billion) in registered capital, with Tencent holding a 30 per cent stake and the two partners each owning 20 per cent. The CBRC requires a minimum capital injection of 1 billion yuan per ...

    http://www.scmp.com/business/banking-finance/article/1559390/tencent-gets-official-approval-create-private-bank-qianhai

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