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Results 1 - 10 of 127 for offshore yuan trading

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  1. Big hurdles still block yuan from going global

    Posted Oct 11th 2010, 12:00am by Enoch Yiu

    ... position to capture the business opportunities as an offshore yuan-trading centre,' Chan said. Liu Ligang, head of China economic research at ANZ, said yuan internationalisation had started ... ahead before the yuan can become an international currency. China has been moving to make the yuan more accessible. It has eased restrictions on using yuan for cross-border trade settlements ...

  2. Cheung Kong to launch HK's first yuan IPO

    Posted Dec 23rd 2010, 12:00am by Sandy Li

    ... developed an international platform to serve as an offshore yuan settlement centre. 'How fast the yuan becomes a global currency will largely be shaped by mainland government policy.' In a move last year to make the yuan more accessible, Beijing eased restrictions on using the currency for cross-border trade settlements. It is believed Cheung Kong may include its 33.4 per ...

  3. Shipbuilder eyes growth from offshore products

    Posted Nov 08th 2010, 12:00am by Amanda Lee

    ... carriers and drilling rigs. Rongsheng won a 951 million yuan (HK$1.1 billion) contract in 2007 from CNOOC, the mainland's biggest offshore oil explorer, to build a dynamically positioned ... Amanda Lee China Rongsheng Heavy Industries Group Holdings, which is raising up to HK$17.68 billion in a share sale, says it will grow revenues by making offshore engineering products. ...

  4. Rongsheng Heavy dips 0.5pc on trading debut

    Posted Nov 20th 2010, 12:00am by Amanda Lee

    ... Amanda Lee Shares in China Rongsheng Heavy Industries Group Holdings, whose initial public offering was the fourth largest in Hong Kong this year, yesterday fell on its trading debut. ... It was just more than 22 times oversubscribed. Rongsheng, which counts China Investment Corp, China National Offshore Oil and China Life Insurance as investors in the IPO, suffered losses in 2007 ...

  5. Securitisation rules a grey area

    Posted Apr 27th 2004, 12:00am by Staff Reporter

    ... they cannot be traded on the two mainland stock exchanges. Also, trust certificates issued in securitisation transactions remain off-limits to mutual fund managers, insurance companies and banks, ... ambiguities. Because so many rules remain murky, analysts said the speed with which ICBC's recent 820 million yuan securitisation deal came to market- seven months after it was initiated- may ...

  6. Offshore gas cuts need for pipeline

    Posted Aug 08th 2004, 12:00am by Chris Oliver

    ... elephant as the growing number of offshore liquid natural gas projects under way will dampen anticipated returns that looked poor from the start. 'The bullish call on this project based ... 'We see few strong near-term catalysts for stock price performance,' Mr Guan says. PetroChina traded higher when news of the foreign pullout was announced, but the share price ended ...

  7. China National secures 7.5b yuan Hainan deal

    Posted Apr 19th 2005, 12:00am by Eric Ng

    ... Eric Ng Project will involve a 140MW power plant and 360km distribution network China National Offshore Oil Corp has signed a 7.5 billion yuan deal to develop its fifth liquefied natural ... power plant in Hainan from 49 per cent to 95 per cent by buying a 46 per cent stake from government-owned Hainan Power for 580 million yuan. The plant will change its fuel from offshore natural ...

  8. COSL readies bond issue to fund investment

    Posted Jan 22nd 2009, 12:00am by Eric Ng

    ... Eric Ng China Oilfield Services (COSL), the country's dominant offshore oil and gas drilling services provider, plans to raise 3 billion yuan (HK$3.41 billion) to 6 billion yuan by issuing corporate bonds this year to help fund its 12.88 billion yuan of capital investment, according to chief executive Yuan Guangyu. The company was also looking at sales of new shares ...

  9. Trade deficit in March likely, Wen says

    Posted Mar 24th 2010, 12:00am by Cary Huang

    ... surplus. On the contrary, we have left no stone unturned in expanding imports to achieve a trade balance.' Analysts said the first monthly deficit could put yuan appreciation on hold ... the currency's peg to the greenback. Critics said the yuan was undervalued and gave Chinese exporters an edge, citing China's trade surpluses as reasons for Beijing to let the yuan appreciate. Wen ...

  10. Sanctions against Iran drive up China trade tenfold in decade

    Posted Mar 01st 2011, 12:00am by Irene Jay Liu

    ... Eldes Tran, Mandy Zuo and Irene Jay Liu Sanctions against Iran have created more opportunities for trade with China, which totalled US$29.3 billion last year. 'China's economic ties with Iran have to some extent been made easier by Western divestment,' said An Baojun, a researcher at the Chinese Academy of International Trade and Economic Co-operation, which ...




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