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Results 1 - 10 of 1030 for offshore yuan trading

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  1. Business - Economy - CURRENCIES

    France out to build on gains as yuan hub, consul general in Hong Kong says

    Posted Jul 28th 2014, 04:26am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com The fifth-largest offshore yuan centre is keen to grab a bigger slice of the pie, the consul general says, as trade linkages with China expand France out to build on gains as yuan hub France wants to expand its yuan business on the back of a strong trade relationship with China, while its financial firms are keen to offer yuan investment products, ...

    http://www.scmp.com/business/economy/article/1560725/france-out-build-gains-yuan-hub-consul-general-hong-kong-says
  2. Business - Economy - ECONOMY

    Yuan convertibility on back burner as Beijing focuses on other reforms

    Posted Aug 07th 2014, 11:58am by Reuters

    ... used in trade and investment, as well as in offshore yuan trading hubs, investors have sought to skirt capital controls by exploiting various loopholes- some of which could remain until ... damaging speculative flows that will make it harder to reshape the economy. There has never been a hard target date for a freely traded yuan, although the central bank had outlined a goal of making ...

    http://www.scmp.com/business/banking-finance/article/1568188/yuan-convertibility-back-burner-beijing-focuses-other
  3. Business - Banking & Finance - CURRENCIES

    Delayed payments system stalls yuan’s global ambitions

    Posted Jul 09th 2014, 11:18am by Reuters

    ... say it is unlikely to be ready before 2016. The slippage might be good news for China's big clearing banks, such as Bank of China, and offshore yuan centres such as London or Singapore, which stand to lose their privileged position. In the long run, however, an efficient global network for yuan trades will be essential for fulfilling Beijing's wish to boost ...

    http://www.scmp.com/business/banking-finance/article/1550191/delayed-payments-system-stalls-yuans-global-ambitions
  4. Business - Banking & Finance - CURRENCIES

    Bank of China plans to launch yuan bonds in Luxembourg

    Posted May 08th 2014, 11:18am by Jeanny Yu

    ... to the market to raise funds and is marketing its first euro-zone-listed, yuan-denominated bond to be traded in Luxembourg. The mainland's third-largest lender started marketing the notes ... to issue an offshore yuan bond. In January, BOC issued 2.5 billion yuan worth of bonds in London, and in February it issued three billion yuan of "Lion City" bonds in Singapore. ...

    http://www.scmp.com/business/banking-finance/article/1507284/bank-china-issuing-25b-yuan-bond-luxembourg
  5. Comment - Insight & Opinion

    Fall in yuan can have upside, too as credit risk can be properly priced

    Posted Mar 01st 2014, 04:35am by SCMP Editorial

    ... that a sharp depreciation of the yuan in recent days, including the biggest intra-day fall since 2007 yesterday, is policy-driven ahead of an anticipated widening of the unit's daily trading range. As a result, the yuan was the worst performing currency in emerging Asia last month rather than the most attractive carry-trade bet, with the drop offshore forcing many investors to close ...

    http://www.scmp.com/comment/insight-opinion/article/1437611/fall-yuan-can-have-upside-too-credit-risk-can-be-properly
  6. Business - Economy - ECONOMY

    HKMA reveals new measures to boost drive for yuan business

    Posted Apr 26th 2013, 12:00am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com HKMA reveals new measures to enhance city's status as an offshore trading centre as currency climbs to 19-year high against US dollar Drive for yuan ... position as an offshore yuan centre." Lawmaker Christopher Cheung Wah-fung said many overseas markets- including Singapore and Britain- were trying to become offshore yuan trading centres. ...

    http://www.scmp.com/business/economy/article/1223235/hkma-reveals-new-measures-boost-drive-yuan-business
  7. Business - Banking & Finance

    Central banks' investment in yuan puts currency nearer reserve status

    Posted Apr 07th 2014, 04:38am by Jeanny Yu

    ... Chartered said. Twenty-three countries have publicly declared their holdings in yuan, in either the onshore or offshore markets, yet the real number of participating central banks could be far more ... it is fully convertible." The central banks more likely to add yuan holdings in the future were the ones with "strong trade linkages to China" and those which had relatively large ...

    http://www.scmp.com/business/banking-finance/article/1466621/central-banks-investment-yuan-puts-currency-nearer-reserve
  8. Business - Banking & Finance - CURRENCIES

    BOC Hong Kong fends off new competition in yuan trading

    Posted Feb 17th 2014, 04:47am by KANIIS LI, Jeanny Yu

    ... competition in yuan trading The Hong Kong unit of the state-owned Bank of China is stepping up marketing of its improved clearing services to western financial institutions in Hong Kong after losing ... the South China Morning Post. The BOCHK's swift move to increase more market participants in the offshore yuan business is a reaction to intensifying competition. It is seen as a pragmatic sign ...

    http://www.scmp.com/business/banking-finance/article/1429240/boc-hong-kong-fends-new-competition-yuan-trading
  9. Business - Economy

    Yuan slips in ranking as a world currency

    Posted Oct 09th 2013, 12:00am by Jeanny Yu

    ... in yuan. Offshore buyers purchasing from suppliers in China, and offshore sellers into the market are now able to pay and receive yuan for their goods much more efficiently after regulators ... the yuan inched up in the global ranking as the 8th most traded currency. London, the world's biggest centre for foreign-exchange trading, now accounts for 62 per cent of yuan trading ...

    http://www.scmp.com/business/economy/article/1327559/yuan-slips-ranking-world-currency
  10. Business - Economy - CURRENCIES

    Pressure on Hong Kong to remain top yuan hub

    Posted Sep 23rd 2013, 12:00am by Enoch Yiu

    ... yuan hub After a decade as the only city in the world allowed to conduct offshore yuan business, Hong Kong is now facing fierce competition to its role as the leading offshore yuan centre. ... the yuan into an international currency, in mid-2009, it used Hong Kong as a testing ground, allowing the city to be the first to conduct cross-border trades in yuan. A year later, Beijing allowed ...

    http://www.scmp.com/business/economy/article/1315532/pressure-hong-kong-remain-top-yuan-hub

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