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  • November 22, 2014
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  1. Yuan trading important for HK, says SFC chief

    Posted Mar 07th 2011, 12:00am by Enoch Yiu

    ... market,' Fong told the South China Morning Post. HKEx plans to introduce yuan share trading this year to bolster the city's role as an offshore yuan trading centre. HKEx chief executive ... Ching. Hong Kong Exchanges and Clearing last week announced its plan to introduce a 'yuan trading support facility' in the second half of this year to ensure investors have enough ...

  2. B.O.C. tipped to open Shanghai headquarters

    Posted Feb 22nd 2012, 12:00am

    ... A spokeswoman for the Bank of China in Beijing would not comment. The central government announced earlier this month it was keen to establish Shanghai as a hub for yuan trading, clearing and pricing, which is part of broader efforts to turn Shanghai into a financial centre like London or New York by 2020. Hong Kong is developing itself as an offshore yuan trading centre and over the long ...

  3. Vice-premier boosts HK role as yuan trade hub

    Posted Aug 18th 2011, 12:00am

    ... the currency by these new measures. 'Most importantly, the vice-premier has confirmed Hong Kong's role as an offshore yuan trading centre for China. This would help Hong Kong fend off rivals ... Kong and the mainland and strengthening the city's role in the internationalisation of the yuan. The business community and trade organisations generally welcomed Li's proposals, made ...

  4. StanChart chief outlines vision

    Posted Jan 02nd 2008, 12:00am by Staff Reporter

    ... growth potential, as did business between the mainland and Africa, he said. Mr Hung added that Hong Kong could become an offshore yuan trading centre and an Islamic financial hub. He said ...

  5. Hang Seng Bank posts HK$8b interim profit

    Posted Aug 02nd 2011, 12:00am

    ... continue to benefit from tourist arrivals and gain from its role as an offshore trading centre for the yuan. 'Many of our frontline divisions still have vacancies so we will hire about 500 ... by the end of 2013 as part of a cost-cutting drive. Hang Seng Bank's trade finance lending rose 26 per cent in the first half as mainland companies' loan demand increased. Total loans grew ...

  6. Decline in HK-traded yuan indicates road of appreciation no longer one way

    Posted Oct 03rd 2011, 12:00am

    ... against global currencies. That laid the groundwork for the surprising decline in the yuan traded in Hong Kong (CNH) recently. It triggered chaos in global foreign exchange and local currency ... on the yuan's appreciation and largely ignored the underlying credits. In a couple of days, almost a year's profits in yuan-denominated bonds were wiped out. The HSBC Offshore Renminbi Bond Index ...

  7. Mainland to relax offshore fund rules

    Posted Sep 07th 2007, 12:00am by Staff Reporter

    ... the number of investors eligible to buy Hong Kong stocks under the individual investment scheme, the authorities may also triple the minimum amount an individual can invest offshore to 300,000 yuan ... domestic institutional investor (QDII) funds to 100,000 yuan from 300,000 yuan. Citing an unidentified official, the newspaper said the move was aimed at giving domestic investors wider access ...

  8. China Oilfield's share price triples on debut

    Posted Sep 29th 2007, 12:00am by Eric Ng

    ... take profits. China Oilfield's yuan-denominated A shares trade at a 123 per cent premium to the company's Hong Kong-listed stock, which closed up 6.3 per cent at HK$17.90 yesterday. ... whose biggest customer is CNOOC, the mainland's largest offshore oil explorer, raised 11 billion yuan by offering 820 million shares, or 17.03 per cent of its enlarged capital, to mainland ...

  9. Mainland defies global sell-off

    Posted Apr 06th 2012, 12:00am

    ... on the top of the existing 20 billion yuan, for offshore investors to invest offshore yuan in mainland stock and bond markets through the renminbi qualified foreign institutional investor scheme. ... benchmark Nikkei-225 Index slid 0.53 per cent, while European markets, including Britain's FTSE-100 and Germany's DAX were trading lower in the morning. On Wednesday, the FTSE fell 2.3 per ...

  10. New scheme more stopping service than through train

    Posted Jul 16th 2009, 12:00am by Tom Holland

    ... in 2003 of the qualified foreign institutional investor initiative, which allowed offshore investors to buy yuan-denominated A shares, rendered B shares redundant, and they have since been largely ... that would allow mainlanders to invest in the Hong Kong-listed H shares of mainland companies through depositary receipts traded on the Shenzhen stock exchange. In return, Hong Kong and international ...




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