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Results 1 - 10 of 53 for offshore yuan trading

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  1. Business - China Business - REGULATION

    Opening up credit card clearing market could lead to yuan outflows

    Posted Nov 05th 2014, 03:21am by DON WEINLAND

    ... quotas for the amount of yuan a person can exchange into foreign currency daily or annually. Experiments such as Shanghai's pilot free trade zone or the Shanghai-Hong Kong "through train", which will allow cross-border securities trading, have been flagged as channels for moving money in and out of the country. Offshore goods traders routinely inflate the value ...

    http://www.scmp.com/business/china-business/article/1632094/opening-credit-card-clearing-market-could-lead-yuan-outflows
  2. Business - Banking & Finance - REGULATION

    Bank regulator proposes tightest shadow lending oversight to date

    Posted Nov 22nd 2014, 05:04am by DON WEINLAND

    ... yuan (HK$12.6 billion) into banks this week as several companies prepare to go public next week and liquidity in the interbank market becomes tight. Trading on the interbank market was extended ... assets such as bankers' acceptances and trade finance would be included in the calculation of leverage ratios at banks. Clarity would also be added to the calculation method for banks' ...

    http://www.scmp.com/business/banking-finance/article/1645791/bank-regulator-proposes-tightest-shadow-lending-oversight
  3. Business - China Business - REGULATION

    Shanghai mayor pledges to speed up financial reforms in free-trade zone

    Posted Nov 03rd 2014, 04:19am by AFP

    ... Agence France-Presse in Shanghai Shanghai mayor pledges to speed up FTZ reform Shanghai's mayor promised yesterday to speed up development of the mainland's first free-trade zone ... of financial reforms, including full convertibility of the yuan, which remain unfulfilled. Mayor Yang Xiong said the government would work towards making the yuan- also known as renminbi (RMB)- freely ...

    http://www.scmp.com/business/china-business/article/1630765/shanghai-mayor-pledges-speed-financial-reforms-free-trade
  4. Business - China Business - REGULATION

    Beijing to open up card clearing business

    Posted Nov 01st 2014, 05:21am by DON WEINLAND

    ... regulation". At present, foreign card companies must clear yuan-denominated transactions through UnionPay. The World Trade Organisation has said those restrictions violate the accession agreement ... Don Weinland don.weinland@scmp.com UnionPay's monopoly over the clearing business will end under China's plan to allow foreign issuers to set up firms to process yuan payments ...

    http://www.scmp.com/business/china-business/article/1629421/beijing-open-card-clearing-business
  5. Business - Banking & Finance - REGULATION

    SFC hopes through train wait, with rules settled, won't be too long

    Posted Oct 29th 2014, 12:03pm by Enoch Yiu

    ... October launch now delayed. Under the plan, investors will be able to conduct cross-border share trading up to a quota of 550 billion yuan (HK$695.1 billion). Under a memorandum of understanding ... Enoch Yiu enoch.yiu@scmp.com Deal with CSRC aims to help solve regulatory problems created by cross-border trading SFC details stock connect compensation agreement Vital rules ...

    http://www.scmp.com/business/banking-finance/article/1627374/sfc-hopes-through-train-wait-rules-settled-wont-be-too-long
  6. Business - Money - REGULATION

    Hong Kong, China MOU sorts out market misconduct rules before through train

    Posted Oct 22nd 2014, 01:06pm by Enoch Yiu

    ... them to share information, conduct joint investigations and establish frameworks for compensation for investors trading through the proposed Shanghai-Hong Kong Stock Connect scheme. The scheme will connect the two markets for cross-border trading of up to 550 billion yuan (HK$695 billion) worth of shares. Jeffrey Mak, a partner at legal firm DLA Piper, welcomed the MOU but warned ...

    http://www.scmp.com/business/money/markets-investing/article/1622073/hk-china-mou-sorts-out-market-misconduct-rules
  7. Business - China Business - REGULATION

    Doubts raised over China's new warehouse rules

    Posted Oct 08th 2014, 05:29am by CHIM SAU-WAI

    ... and trade lawyer at Sorini, Samet and Kingery, said he doubted the problem of multiple pledging of receipts could be easily solved. "It's not just a problem of rules," Jiang said. ... had led to problems. It said loans with collateral managed by third parties on the mainland amounted to three trillion yuan (HK$3.8 trillion), or 10 per cent of total loans a year. About 1,000 ...

    http://www.scmp.com/business/china-business/article/1611645/doubts-raised-over-chinas-new-warehouse-rules
  8. Business - Banking & Finance - REGULATION

    Rules eased on use of offshore yuan to invest in mainland markets

    Posted Jun 07th 2014, 01:13am by Reuters

    ... the state market regulator. The changes should accelerate repatriation of offshore yuan funds to the mainland under the renminbi qualified foreign institutional investor scheme and improve the efficiency of RQFII quota usage. The scheme, launched in 2011, allows financial institutions to use offshore yuan to invest in the mainland's securities markets, including in stocks, bonds ...

    http://www.scmp.com/business/banking-finance/article/1527019/rules-eased-use-offshore-yuan-invest-mainland-markets
  9. Business - Banking & Finance - REGULATION

    Chief of Galaxy Securities unit questioned in illegal bond probe

    Posted Sep 22nd 2014, 10:20am by Daniel Ren

    ... by the fund managers' relatives or friends to help pocket illicit gains. Given the scale of bond trading, a premium of just one fen for a 100-yuan bond note could be turned into illegal profits ... Daniel Ren in Shanghai ren.wei@scmp.com Head of fixed-income business and two of his employees are the latest to fall foul of financial regulator's probe into illegal bond trading ...

    http://www.scmp.com/business/banking-finance/article/1597856/china-galaxy-securities-says-fixed-income-chief-co
  10. Business - Companies - REGULATION

    EU plans no retaliation over mainland car probes

    Posted Aug 22nd 2014, 01:21am by SIULAN LAW

    ... billion yuan (HK$1.5 billion) for price-fixing. Chinese media reports last week said Audi could face a fine of 250 million yuan. Audi said it would accept a penalty, making the announcement before ... was still continuing. The issue is unlikely to be taken to the World Trade Organisation, which has oversight of global trade disputes. It has no specific role in dealing with international ...

    http://www.scmp.com/business/companies/article/1578733/eu-plans-no-retaliation-over-mainland-car-probes

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