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  • November 25, 2014
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Results 1 - 10 of 20 for offshore yuan trading

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  1. Business - Banking & Finance - JAKE'S VIEW

    Beijing's foreign exchange policy nothing but a silly game

    Posted Mar 02nd 2014, 03:42am by Jake Van Der Kamp

    ... never seen one swung to quite such extremes as this. The simple fact is that the talk of an offshore yuan market hangs on little more than speculative purchases of yuan. People outside China are happy to take yuan in payment for trade goods only because they hope to turn a profit on the exchange rate. There is otherwise no natural offshore market for yuan. This in turn says that Beijing ...

    http://www.scmp.com/business/banking-finance/article/1438124/beijings-foreign-exchange-policy-nothing-silly-game
  2. Comment - Insight & Opinion - JAKE'S VIEW

    HKMA just doing its bit to bolster a tiring currency

    Posted Jul 28th 2013, 12:00am by Jake Van Der Kamp

    ... yuan liquidity in its latest effort to fend off increased international competition for a slice of the offshore yuan business pie. SCMP, July 26   Somehow I get the feeling that we are not told ... For instance, there has recently been a notable sell-off in the offshore yuan debt instruments known as dim sum bonds, with yields rising to almost 6 per cent and no new issuance for six weeks. ...

    http://www.scmp.com/comment/insight-opinion/article/1292185/hkma-just-doing-its-bit-bolster-tiring-currency
  3. Business - Comment - JAKE'S VIEW

    Hong Kong does best what China can't

    Posted Jul 11th 2013, 12:00am by Jake Van Der Kamp

    ... to pay in yuan. The yuan that has moved out of the mainland in trade receipts comes back as speculative investment capital, not as payment for mainland exports. Let confidence in yuan strength ... Jake van der Kamp The big yuan internationalisation drive would be bad news for this city if it came off- but don't worry, it won't be happening soon anyway Hong Kong does best ...

    http://www.scmp.com/business/article/1279824/hong-kong-does-best-what-china-cant
  4. Comment - Insight & Opinion - JAKE'S VIEW

    China's currency swap deal with Switzerland is just plain dumb

    Posted Jul 27th 2014, 04:01am by Jake Van Der Kamp

    ... Jake van der Kamp China's currency swap deal with Swiss is just plain dumb Switzerland stepped closer to becoming an offshore yuan hub yesterday after it signed a bilateral currency swap agreement with the People's Bank of China... The SNB [Swiss National Bank] also obtained a yuan investment quota, with which it could invest part of its foreign exchange reserves ...

    http://www.scmp.com/comment/insight-opinion/article/1559951/chinas-currency-swap-deal-switzerland-just-plain-dumb
  5. Business - Economy - JAKE'S VIEW

    Xi Jinping fluffs lines in sticking to FTZ script

    Posted Oct 30th 2014, 06:26am by Jake Van Der Kamp

    ... Jake van der Kamp Urgings to plant more seeds on more trade zone lands are unlikely to bear any fruit Xi fluffs lines in sticking to FTZ script Addressing the Communist Party's leading group for overall reform, [President] Xi said lessons learned after more than a year of operating the FTZ (free trade zone) in Shanghai could be applied to other areas, Xinhua reported. ...

    http://www.scmp.com/business/economy/article/1627797/xi-jinping-fluffs-lines-sticking-ftz-script
  6. Business - Banking & Finance - JAKE'S VIEW

    No easy fix for China's massive foreign reserves

    Posted Nov 11th 2014, 05:33am by Jake Van Der Kamp

    ... Jake van der Kamp Forex losses are looming for Beijing as capital outflows are unlikely amid a strengthening yuan No easy fix for China's massive foreign reserves The mainland's fast-expanding trade surplus adds to calls for Beijing to accelerate outward investment in a bid to ease the rapid build-up of foreign exchange funds. Business, November 10 Back when I worked ...

    http://www.scmp.com/business/banking-finance/article/1636860/no-easy-fix-chinas-massive-foreign-reserves
  7. Business - Banking & Finance - JAKE'S VIEW

    New Asia bank part of China's agenda

    Posted Oct 28th 2014, 05:42am by Jake Van Der Kamp

    ... The reason it will not, however, is that this initiative is also about Beijing trying to make the yuan a currency of international trade. Borrowers from the bank will be offered loans in yuan ... Jake van der kamp Infrastructure lender a political move to boost Beijing's recognition and strengthen yuan New Asia bank part of China's agenda China and 20 other countries ...

    http://www.scmp.com/business/banking-finance/article/1626184/new-asia-bank-part-chinas-agenda
  8. Business - Banking & Finance - JAKE'S VIEW

    Swift too quick to hail yuan as a major currency in trade finance

    Posted Dec 05th 2013, 06:00am by Jake Van Der Kamp

    ... to conclusion on yuan's usage The yuan has surpassed the euro to become the second most commonly used currency in global trade finance, after the US dollar. Yuan usage in trade finance grew to 8.66 ... They decide to trust each other and not pay for this costly extra level of security. China's foreign trade in yuan, however, is still dominated by letter of credit. Thus the only thing ...

    http://www.scmp.com/business/banking-finance/article/1373177/swift-too-quick-hail-yuan-major-currency-trade-finance
  9. Business - Banking & Finance - JAKE'S VIEW

    Easy way out for foreign inflows comes with a price in China

    Posted Aug 07th 2014, 05:46am by Jake Van Der Kamp

    ... here is that in order to rig the exchange rate of the yuan at officially designated levels, the PBOC has been forced to mop up vast foreign-currency inflows from trade receipts and foreign investment. It was either this or two other choices: (1) let the US dollar circulate widely within the country as an everyday currency of transaction or (2) let the yuan exchange rate find its own ...

    http://www.scmp.com/business/banking-finance/article/1567901/easy-way-out-foreign-inflows-comes-price-china
  10. Business - Comment - JAKE'S VIEW

    Global yuan meets down-to-earth reality

    Posted May 08th 2014, 12:51am by Jake Van Der Kamp

    ... currencies and then to hail each in turn as a groundbreaking, fundamental reform. I offer a few examples:   The yuan is on its way to its undeniable destiny because some trade settlements are now ... that dysfunctional market? The flow will go the other way. The Shanghai grab is for US dollars, not funny money.   The yuan is the ninth most actively traded currency globally. Yes, smack between the Mexican ...

    http://www.scmp.com/business/article/1506937/global-yuan-meets-down-earth-reality

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