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  1. Scope of yuan trade should be broadened

    Posted May 05th 2009, 12:00am by Staff Reporter

    ... the problem and make Hong Kong the offshore centre for the yuan, Beijing was also considering a plan to allow recipients to trade their yuan reserves in the city, sources said. Mr Mak said the main ... Maria Chan Hong Kong's role as an offshore centre for the mainland's currency would be enhanced by Beijing's proposal to allow countries receiving its financial aid to trade ...

  2. Beijing bid to expand HK's yuan business

    Posted May 04th 2009, 12:00am by Cary Huang

    ... in a significant move aimed at making the city a yuan offshore centre, sources say. Under a programme to gradually turn the yuan into an international currency, the State Council is studying a proposal ... is not fully convertible, can only be spent on buying products made in China. Under these circumstances, the government was considering a plan to allow nations receiving aid to trade their yuan ...

  3. Plan sees yuan as a world currency

    Posted Aug 31st 2009, 12:00am by Cary Huang

    ... Cary Huang in Beijing Vice-Premier Wang Qishan has been put in charge of a task force to make the yuan a currency for international trade, an experiment in which Hong Kong is expected ... to come up with proposals on the yuan's internationalisation,' the economist said. Mr Wang, whose portfolio is in foreign trade and finance, is also the Chinese point man in the Sino-US ...

  4. Yuan disappointment inevitable whether Beijing revalues or not

    Posted Apr 09th 2010, 12:00am by Tom Holland

    ... with the China-bashers in the US Congress, the likes of senators Charles Schumer and Lindsey Graham, who blame the US trade deficit on the undervaluation of the yuan and are threatening punitive tariffs against ... against the dollar and by nearly 27 per cent against a trade-weighted basket of currencies (see the second chart). Still China's critics insisted the yuan was undervalued by about 20 per ...

  5. Wine, tech and yuan trade to underpin FDI flows into HK

    Posted Jan 20th 2011, 12:00am by Anita Lam

    ... Anita Lam Wine-related businesses, information technology and the growing yuan trading and settlement market will continue to underpin foreign direct investment (FDI) in the SAR, according ... been the number two FDI destination in Asia after China as of 2009, according to United Nations Conference on Trade and Development figures for 2009, the most recent year for which Unctad ...

  6. 1.9b yuan to boost Guangdong trade

    Posted Jan 21st 2009, 12:00am by Denise Tsang

    ... Denise Tsang Guangdong has earmarked 1.9 billion yuan (HK$2.16 billion) in cash to boost foreign trade this year, the growth-challenged province's Department of Foreign Trade ... to upgrade. The other, a 900 million yuan fund, would be used to improve the structure of imports and exports. The move is aimed at keeping the province's trade expanding after growth in total ...

  7. Surplus of talk on yuan value masks dollar dominance of trade

    Posted Sep 10th 2004, 12:00am by Jake Van Der Kamp

    ... that more than 10 per cent of the value of China's exports is truly yuan-sensitive and this also seems to be Beijing's view. It reports its foreign trade in US dollar terms and you have ... with Jake van der Kamp 'With 40 per cent of China's foreign trade conducted with Asian countries excluding Japan, he (John Williamson) said other Asian nations should ...

  8. Shanghai moves to further open financial markets

    Posted Jun 20th 2009, 12:00am by Cary Huang

    ... support Hong Kong's role in pioneering yuan offshore business while it would concentrate on domestic yuan business. With the US dollar's leading position in world business hit hard by the global financial crisis, Beijing has sped up its programme to internationalise the yuan. In April, the central government decided to allow Hong Kong and Macau to use the yuan for trade settlement ...

  9. Scrapping of tariffs unlikely to upset ties with US, EU

    Posted May 31st 2005, 12:00am by Staff Reporter

    ... Institute for International Studies, said the root of the conflict lay in the yuan peg and the US trade deficit. 'The textile issue is now being used to pressure China to revalue the yuan,' she said. But she did not think trade conflicts would jeopardise relations with Washington and Brussels. 'You see trade conflicts between China and the US emerging every year but our ...

  10. Revised FDI figures put yuan pressure on Beijing

    Posted Apr 02nd 2011, 12:00am

    ... reinvested,' said Xu Mingqi, a researcher with the Shanghai Academy of Social Sciences. 'They could retain the earnings to deposit in banks, betting on a further strengthening of the yuan.' The yuan gained for the third consecutive week, closing at 6.5479 per US dollar yesterday, according to the Shanghai-based China Foreign Exchange Trade System. It hit a high of 6.5452 in intraday ...




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