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  • November 26, 2014
  • Last updated: 7:31am
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Results 1 - 10 of 296 for offshore yuan trading

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  1. 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. ...

  2. Business - Banking & Finance - MARKETS

    City's offshore yuan pool under threat from trade discount

    Posted Oct 06th 2014, 04:10am by Jeanny Yu

    ... pool under threat from discount Hong Kong's offshore yuan pool risks drying up as offshore paper trades at its widest discount in more than two years, prompting mainland importers to avoid ... institutional investor (RQFII) scheme and the migration of liquidity to other centres- are adding to the challenges faced by Hong Kong banks in keeping yuan deposits. The offshore yuan had been trading ...

  3. Business - Banking & Finance

    Non-China deals rise to 18pc of Hong Kong yuan trades

    Posted Dec 14th 2012, 12:02pm by Bloomberg

    ... 2011 figures. Hong Kong, designated as China’s major offshore yuan trading hub in the nation’s latest five-year plan, handled 1.93 trillion yuan of trade settlements in the currency ... “As the yuan internationalises and is used more in cross- border payments, trades among the offshore markets are also settled in yuan and are handled through Hong Kong,” Chan told reporters ...

  4. 'Easier' yuan spurs foreign-fund wave

    Posted Dec 15th 2011, 12:00am

    ... and used across borders. Wang said the mainland wanted Hong Kong to play a more active role as an offshore yuan trading centre. '[The city] has an [irreplaceable] role in the development ... Hong Kong's secretary for financial services and the treasury, said the new rules would boost the city's status as an offshore yuan trading hub. In October alone, Hong Kong's ...

  5. Business - Banking & Finance - REFORM

    Beijing takes baby steps on capital control easing

    Posted Nov 13th 2014, 07:10am by Benjamin Robertson

    ... One step at a time on yuan limits Ending restrictions on the amount of yuan Hong Kong residents can exchange reinforces the city's position as the global centre for offshore yuan trading ... that bank deposit rates for the currency have more than doubled in six months. An end to the daily exchange limit is also expected to support the offshore yuan exchange rate, now trading at a slight ...

  6. Business - Money - CURRENCIES

    Yuan hits its stride as offshore hubs catch up

    Posted Oct 31st 2014, 06:04am by Jeanny Yu

    ... high last month, in the latest sign that the currency is fast spreading out of China as other global financial hubs catch up with Hong Kong in yuan trade. Payments between offshore yuan hubs, ... in the offshore market to support trade and finance activities. "As China becomes ever more important to international businesses, the internationalisation of the [yuan] is creating opportunities ...

  7. Business - Money

    Offshore yuan surges as through train kicks off

    Posted Nov 18th 2014, 05:09am by Jeanny Yu

    ... the biggest intraday gain since October 12, 2011. The increase was notched just before trading began under the through train scheme linking the Hong Kong and Shanghai stock markets. Offshore yuan ... the yuan was trading at 6.1256 against the US dollar offshore, while it settled at 6.1283 onshore. Hong Kong is contending with large outflows of yuan on a daily basis that could lead to a surge ...

  8. 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 ...

  9. Yuan trade must look west, says HKMA chief Chan

    Posted Feb 21st 2011, 12:00am by Enoch Yiu

    ... to further develop the international use of the yuan,' Chan said. 'This will strengthen Hong Kong's role as an offshore yuan trading centre. Hong Kong lenders need to prepare ... with the mainland and their companies would like to use Hong Kong's offshore yuan trade settlement services and other yuan banking products.' In the 11th five-year plan, China encouraged the use ...

  10. Regulations eased to allow banks to expand yuan business

    Posted Jan 18th 2012, 12:00am

    ... will help Hong Kong further expand its role as an offshore yuan trading centre,' Leung said. Standard Chartered Bank said in a statement: 'It's a positive move that responds to market ... yuan assets from 10 per cent. HKMA chief executive Norman Chan Tak-lam said it was the right time to relax regulations on yuan business because the yuan trade settlement and bond markets had ...




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