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  • November 29, 2014
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  1. Beijing considers offshore yuan trading in HK

    Posted Feb 29th 2008, 12:00am by Enoch Yiu

    ... Enoch Yiu and Maria Chan The People's Bank of China says it will actively consider an offshore yuan trading centre in Hong Kong, raising speculation Beijing is accelerating plans ... at Bank of Communications' Hong Kong branch, said China was in no rush to reform yuan trading. 'There's always talk that the mainland wants to use Hong Kong as a yuan offshore ...

  2. Singapore seeks role as yuan trading centre

    Posted Apr 18th 2011, 12:00am

    ... agreement, according to a person familiar with the situation. Singapore is the latest of the cities that are lining up to compete with Hong Kong to become acknowledged offshore yuan trading centres ... Hong Kong operates a yuan settlement platform outside China. As such, lenders in Australia, the United States, or London, must eventually turn to Hong Kong to settle the offshore yuan trades ...

  3. Singapore threat to HK role as yuan trading hub

    Posted Feb 21st 2012, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com Hong Kong's role as a leading offshore yuan trading centre is facing a challenge, with some companies preferring to settle yuan trades in Singapore- ... Hong Kong remained the major offshore yuan trade settlement platform, with 1.91 trillion yuan (HK$2.34 trillion) worth of yuan trades settled by banks in the city last year, out of a total ...

  4. HKEx set to launch yuan futures this summer

    Posted Apr 20th 2012, 12:00am

    ... to the currency and solidify Hong Kong's status as the main centre for the offshore yuan trade. HKEx announced the plan yesterday, just one day after HSBC issued the first yuan-denominated bonds in London in a big move to advance the City of London's push to become a major centre for the offshore yuan trade itself. The exchange's chief executive, Charles Li Xiaojia, said the plan ...

  5. London in HK link-up to trade in yuan

    Posted Jan 17th 2012, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com Hong Kong will help London develop as the next offshore yuan trading centre, shrugging off traditional competition between the two cities as part of a broader ... down suggestions the move would hurt Hong Kong as a leading offshore yuan trading centre. Osborne told a Hong Kong government seminar yesterday that the plan was to 'establish London ...

  6. HKEx yuan futures plan looks timely for investors

    Posted Apr 21st 2012, 12:00am

    ... efforts to emerge as the leading off-shore yuan trading centre. Though the yuan is yet to be fully convertible, Beijing has been promoting the use of the currency for trade and investment purposes ... to trade. The exchange's move comes as companies are expected to demand futures products to hedge their yuan positions. People's Bank of China on Monday widened the daily trading band ...

  7. RBS plans focus on 'dim sum' market

    Posted Feb 23rd 2012, 12:00am

    ...-denominated- or 'dim sum'- bonds. The bank is also expected to play a key role in furthering Britain's aim to copy Hong Kong's success and make London an offshore yuan-trading centre for Europe. ... for offshore yuan trading to beef up global volume and better meet client demand. 'Europe is a big investor into the Asia region and China,' said Schmoelz, who joined RBS about half a year ...

  8. '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 ...

  9. Business - Banking & Finance - BANKING

    UK rules holding back China banks

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

    ... Enoch Yiu in London enoch.yiu@scmp.com UK rules holding back China banks To fulfil its ambition of becoming an offshore yuan trading centre, London would need to wait for the Bank ... said. "This will also affect London's plan to become an international yuan trading centre." Mark Boleat of the City of London, said this is a big policy issue. All non-European ...

  10. HKMA: banking outlook remains bright with overseas collaboration

    Posted Sep 16th 2011, 12:00am

    ... May Chan may.wychan@scmp.com The future of Hong Kong's banking industry remains bright if local lenders are willing to collaborate with overseas banks in offshore yuan trading, said ... said in an interview after attending an investment forum in London earlier this week. 'Not all overseas companies are willing and able to manage offshore yuan accounts,' he said. ...




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