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  • September 21, 2014
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Results 1 - 10 of 160 for offshore yuan trading

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  1. Business - Comment - MONITOR

    Hong Kong's offshore yuan market is driven largely by tax dodgers

    Posted Dec 06th 2012, 12:00am by Tom Holland

    ... Tom Holland Speculation not the only thing behind the mainland currency's growth, as data points to soaring cross-border trade being settled in yuan HK's offshore yuan market ... well over 1 trillion yuan. That's almost half the total amount of yuan trade settled in the city. In short, it's highly likely the size of Hong Kong's offshore yuan market has ...

  2. Business - Economy - MONITOR

    The yuan is falling, but only because Beijing wants it to

    Posted Mar 03rd 2014, 02:59am by Tom Holland

    ... at the end of last year the entire stock of yuan-denominated deposits in Hong Kong's offshore market only came to 860 billion yuan. Handling such big flows causes problems for the PBOC. It can ... appreciating. But that attracts even more inflows. What's more, since mid-2011 the yuan has already gained by about 20 per cent against a trade-weighted basket of currencies. With many other ...

  3. Business - Comment - MONITOR

    George Osborne is wrong about China and the yuan

    Posted Feb 21st 2014, 12:24am by Tom Holland

    ... to settle more of China's trade- exports as well as imports- in yuan must drain yuan liquidity from the offshore market. To promote the yuan as a "currency of choice", as Osborne puts ... Tom Holland British chancellor is keen to see the yuan used as an international currency, but China's trade surplus will be a major stumbling block George Osborne is wrong about China ...

  4. Business - Comment - MONITOR

    Global enthusiasm for yuan overstated

    Posted Dec 13th 2013, 04:30am by Tom Holland

    ... Tom Holland A closer look at the data reveals real share of China’s goods trade settled in yuan is just 3 to 4pc Global enthusiasm for yuan overstated It may have slipped your notice, ... to a record 782 billion yuan (HK$992 billion). According to transaction services company Swift, the yuan's share of global trade finance has shot up 357 per cent since the beginning of last year, ...

  5. Business - Comment - MONITOR

    What bank research reports don't tell you about the yuan

    Posted Aug 23rd 2012, 12:00am by Tom Holland

    ... widely as a trade, investment and reserve currency, offshore players would have to be guaranteed easy access to plentiful yuan liquidity. There are two ways that could happen. China could run ... that in the past the yuan has been little used outside China. But with faith in the US dollar shaken by the 2008 financial crisis, and with Beijing now actively promoting the yuan for international trade ...

  6. Business - Comment - MONITOR

    Widening the yuan's trading band won't solve anything

    Posted May 03rd 2013, 12:00am by Tom Holland

    ... Tom Holland By fixing the rate higher each day, the authorities have encouraged more inflows, forcing them to intervene to buy even more foreign currency Widening the yuan's trading ... of recent highs, yesterday's gain prompted fresh market speculation that the authorities in Beijing are preparing to widen the yuan's permitted trading band, a move widely regarded ...

  7. Business - Banking & Finance - MONITOR

    Four reasons the yuan will struggle to gain acceptance

    Posted Feb 06th 2014, 04:24am by Tom Holland

    ... probably within the next decade or two. You can see why they think so. The fast growth of China's economy, its ascent as a trading power, the rapid spread of the yuan as a trade currency ... Tom Holland Open and well-regulated markets, transparent governance and solid banking system needed for Chinese currency’s rise to dominance Four reasons the yuan will struggle to gain ...

  8. Business - Comment - MONITOR

    The HK$1 trillion reason to keep Hong Kong's US dollar peg

    Posted Oct 15th 2013, 12:00am by Tom Holland

    ... Tom Holland Logic of switching to a yuan anchor doesn't stand up when that currency isn't freely convertible and its offshore liquidity is shallow The HK$1 trillion reason ... pegging to the yuan would confer few economic benefits on Hong Kong. Although it no longer manufactures for export, the city's economy is still driven by the global trade cycle. And global ...

  9. Business - Comment - MONITOR

    Reform pledges likely to hurt both stock prices and yuan

    Posted Nov 27th 2013, 03:32am by Tom Holland

    ... of around US$40 billion in October alone; up from a net flow of zero the month before. Meanwhile in Hong Kong's offshore market the volume of yuan deposits shot up by 20 billion yuan in October ... to hurt both stock prices and yuan After suffering initial disappointment, China-gazers everywhere were greatly cheered by the reform plans that finally emerged from the Communist Party's ...

  10. Business - Economy - MONITOR

    Continued yuan appreciation is no longer such a sure thing

    Posted Feb 10th 2014, 04:31am by Tom Holland

    ... few years the yuan's rise has really taken off, pushing it far above the currencies of China's trading partners and competitors. In the real world, that appreciation has severely ... Tom Holland It looks likely that one day the yuan will become too strong for China's economy to bear and will lead to a depreciation of the currency Continued yuan appreciation ...




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