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Results 1 - 10 of 4148 for offshore yuan trading

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  1. City's offshore trading ambitions dealt double blow

    Posted Feb 06th 2012, 12:00am

    ... The plan to establish Shanghai as the hub for yuan trading, clearing and pricing is part of broader efforts to make the city a financial centre like London or New York by 2020 and is a setback for Hong Kong, which had hoped to become the chosen centre for trading in the currency. Analysts now believe that with more cities competing to expand their yuan markets and with the appreciation ...

    http://www.scmp.com/article/991842/citys-offshore-trading-ambitions-dealt-double-blow
  2. Business - Banking & Finance - CURRENCIES

    Chicago's CME takes on HKEx in futures for offshore yuan

    Posted Sep 14th 2012, 12:00am by Bloomberg

    ... biggest futures exchange, will introduce deliverable futures for offshore yuan in the fourth quarter as growing use of the currency in world trade fuels demand for hedging tools. The move will put ... ; what's better than doing it on a globalised structure." HKEx set the standard contract size for offshore yuan futures at US$100,000 each with tenures of up to one year and will offer trading ...

    http://www.scmp.com/business/banking-finance/article/1036071/chicagos-cme-takes-hkex-futures-offshore-yuan
  3. 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 ...

    http://www.scmp.com/comment/insight-opinion/article/1018577/offshore-yuan-market-gets-its-stride
  4. Business - Banking & Finance - FINANCE

    London pushes ahead with yuan ambitions

    Posted Dec 03rd 2012, 12:00am by Enoch Yiu

    ... to discuss what role London could play in offshore yuan trading. A working group formed by leading Hong Kong and British banks, including HSBC, Standard Chartered Bank, Industrial and Commercial Bank ... Enoch Yiu in London enoch.yiu@scmp.com More and more British firms trading with Chinese companies are beginning to show a preference for settlement in yuan London pushes ahead with yuan ...

    http://www.scmp.com/business/banking-finance/article/1095829/london-pushes-ahead-yuan-ambitions
  5. Yuan is for trade, HK banks warned

    Posted Jun 22nd 2011, 12:00am

    ... Lulu Chen lulu.chen@scmp.com The People's Bank of China issued a notice on yuan settlements which analysts say is intended to remind the market to use these settlements for trade only ... that the central bank would be mainly in charge of overseeing the yuan trade settlement business, with the State Administration of Foreign Exchange taking a back seat. Analysts expect the regulation ...

    http://www.scmp.com/article/971320/yuan-trade-hk-banks-warned
  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 ...

    http://www.scmp.com/article/980799/decline-hk-traded-yuan-indicates-road-appreciation-no-longer-one-way
  7. Yuan trading experts in demand

    Posted Feb 09th 2012, 12:00am

    ... HSBC staff with knowledge of yuan trading could escape the bank's massive lay-off plan as the lender moves to make London a hub for the currency. The bank, the largest lender ... an offshore yuan centre. 'Given Gooding's strong markets and product knowledge, he is ideally suited to drive this initiative,'' HSBC said in the appointment statement. His team ...

    http://www.scmp.com/article/992155/yuan-trading-experts-demand
  8. First yuan bonds issued in London

    Posted Apr 19th 2012, 12:00am

    ... might form a tie-up that could include extended currency trading hours. A recent report by the City of London said the City had already 'become the leading offshore yuan centre after Hong Kong', accounting for 26 per cent of global yuan foreign-exchange trading. After yesterday's HSBC bond issue, London will effectively become the second offshore yuan bond market after Hong ...

    http://www.scmp.com/article/998576/first-yuan-bonds-issued-london
  9. HK yuan deposits grow to 300b yuan

    Posted Jan 19th 2011, 12:00am by Lulu Chen

    ... on the mainland, which totalled 71 trillion yuan in November. An increase in Hong Kong's yuan deposits is just one part of the city's ambitions to become an offshore yuan centre. It also needs ... believes Beijing has less intention of attracting overseas yuan deposits to invest in the mainland and most likely would prefer to keep the yuan deposits offshore in Hong Kong. But Antony Leung, ...

    http://www.scmp.com/article/736140/hk-yuan-deposits-grow-300b-yuan
  10. Economists hail yuan trade scheme as step to going global

    Posted Dec 26th 2008, 12:00am by Staff Reporter

    ... Jane Cai Beijing's decision to allow the yuan to be used as a limited trade currency lends long-term support to the renminbi and is a major step towards making it an international currency, experts said. The State Council said on Wednesday that companies in Hong Kong and Macau would be permitted to use yuan to settle trade in goods with partners in Guangdong and the Yangtze ...

    http://www.scmp.com/article/664988/economists-hail-yuan-trade-scheme-step-going-global

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