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  • September 17, 2014
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  1. Comment - Insight & Opinion

    Offshore yuan market gets into its stride

    Posted Aug 20th 2012, 12:00am by Donna Kwok

    ... yuan.) While some investors may be put off by expectations of slower renminbi appreciation, healthy renminbi trade settlement and a wider range of financial products suggest that the offshore ... Donna Kwok Donna Kwok says the strategy of making China's currency truly international is on schedule Growing liquidity of offshore yuan signals a broader and deeper market ...

  2. Yuan trade settlement is a huge own goal for Beijing

    Posted May 03rd 2011, 12:00am

    ... it much more difficult to claim value-added tax rebates if they accept payment in yuan. Meanwhile, offshore buyers have found that trade finance in yuan is both harder to come by and more ... billion yuan-worth of China's foreign trade was settled using the currency in the first quarter of 2011, more than two-thirds as much as during the whole of 2010. But although ...

  3. Conflicting stories betray confusion over the yuan

    Posted Sep 09th 2011, 12:00am

    ... they are a function of China's restrictive capital controls. If Beijing were to scrap its controls and make the yuan fully convertible, then the need for offshore trading centres would disappear. ... a lot of time and effort in setting up offshore trading centres for the yuan. If they were really going to make the currency fully convertible in just three years' time, they wouldn't ...

  4. Magazines - Money - INVESTMENT: CURRENCY

    Yuan products- a shopper's guide

    Posted Sep 17th 2012, 12:00am by KEVIN MCQUEEN

    ... take heart that the market is becoming more liquid. While the individual investor may not get excited about trade settlement in yuan, it is a crucial component in its development ... Deutsche Bank expects 30 per cent of China's trade to be conducted in yuan by 2015. It also expects yuan bond market capitalisation to account for more than half of the Hong Kong debt market ...

  5. Investors stoke yuan bond market

    Posted Jul 02nd 2011, 12:00am

    ... of the currencies. Yuan bonds, including those that were sold on the mainland and in Hong Kong's offshore market, grew 23 per cent to US$93.8 billion from US$76.3 billion in the first half of last year. A total of 73 billion yuan (HK$87.89 billion) worth of bonds have been sold on the Hong Kong offshore debt market so far. The mainland's capital market is not accessible to overseas investors ...

  6. Hong Kong as a trading post for the renminbi

    Posted Aug 25th 2003, 12:00am by Tony Latter

    ... to manage their renminbi finances perfectly well, essentially via the onshore market. Meanwhile, at the retail level, in Hong Kong we have an efficient offshore yuan banknote market which meets ... the World Trade Organisation, would make huge inroads. By the same token, the mainland authorities may not welcome a burgeoning offshore market in Hong Kong, unless their own banks can secure ...

  7. Futures a sign of yuan doubts

    Posted Sep 17th 2011, 12:00am

    ... Amanda Lee amanda.lee@scmp.com Figuring out how the yuan will trade is getting more difficult. Non-deliverable forward contracts (NDFs), which enable investors to hedge or speculate ... Charles Han, head of Asia-Pacific foreign exchange trading at the Newedge Group. Despite the recent rallies, yuan traders expect yuan NDFs to fall to 6.30 against the greenback in the near future. ...

  8. Go-slow on yuan will help protect banks

    Posted Mar 01st 2004, 12:00am by Staff Reporter

    ... into the formal economy has yet to materialise. Meanwhile, banks have not been given permission to conduct some of the more potentially high-volume and lucrative parts of yuan trade. These include ... relating to currency exchange, offshore trading and movement towards full convertibility. Paramount is the need to sort out the mainland's more or less insolvent state-owned banks. Easing ...

  9. Yuan liberalisation on fast track

    Posted Aug 25th 2011, 12:00am

    ... the currency. Beijing is looking to strengthen its ties with Hong Kong, officially acknowledged as the offshore centre for yuan trading, to promote the use of the yuan even though it is not fully ... Daniel Ren in Shanghai ren.wei@scmp.com Beijing wants to facilitate the use of the yuan for cross-border trading and investments in September, as it seeks to internationalise the currency. ...

  10. Looser China can get yuan rolling

    Posted Feb 27th 2012, 12:00am

    ... trillion in assets under management, is keen to expand in Asia. McCombe said the yuan had become a trade settlement currency after Beijing decided to relax the rules in 2009 for firms using ... controls since 2009, allowing companies to settle trade in the yuan. It has also allowed firms to issue yuan-denominated bonds, insurance policies and funds in Hong Kong. These moves are part ...




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