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  • October 26, 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. No time to crow, there's work to do on offshore yuan centre

    Posted Jul 31st 2010, 12:00am by Shirley Yam

    ... with Shirley Yam Much has been said about Beijing's choice of Hong Kong over Shanghai as the country's only offshore yuan centre. Victory is the word widely used. However, before ... financial crisis and pointed out the importance of the synergy between offshore and onshore yuan centres. Then came the surprising speech by Shanghai deputy mayor Tu Guangshao on July 21 in which he ...

  3. Yuan bonds in HK bring offshore market closer

    Posted Dec 16th 2008, 12:00am by Staff Reporter

    ... Jane Cai and Woods Lee in Beijing Beijing's latest effort to boost the economy may eventually pave the way to an offshore market for yuan business after it allowed Hong Kong companies ... development in Hong Kong' and expand the currency's scale of settlements in trade with neighbouring nations. At present, only a handful of mainland banks can issue yuan-denominated debt ...

  4. 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 ...

  5. Scope of yuan trade should be broadened

    Posted May 05th 2009, 12:00am by Staff Reporter

    ... the problem and make Hong Kong the offshore centre for the yuan, Beijing was also considering a plan to allow recipients to trade their yuan reserves in the city, sources said. Mr Mak said the main ... Maria Chan Hong Kong's role as an offshore centre for the mainland's currency would be enhanced by Beijing's proposal to allow countries receiving its financial aid to trade ...

  6. Business - China Business - INVESTMENT

    Beijing promotes joint HK-mainland offshore investment drive

    Posted Aug 23rd 2012, 12:00am by Toh Han Shih

    ... and upgrading of Hong Kong as an international finance, trade and shipping hub." The plan called for the mainland's offshore investment to grow at an average annual rate of 17 per cent ... Toh Han Shih hanshih.toh@scmp.com Mainland planning agency works on ways to encourage HK-mainland ventures overseas Beijing pushes joint offshore drive Beijing's top planning agency ...

  7. 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 ...

  8. Hong Kong aims to be The One for the yuan

    Posted Sep 24th 2011, 12:00am

    ... to our clients to help them trade in yuan,' Fung says. Apart from the focus on offshore yuan business, the conference's afternoon breakout streams will tackle issues facing the banking ... Wilson Lau Hong Kong's rapid development into an offshore Chinese yuan centre is expected to drive further growth of the local banking sector. 'In view of this major development, ...

  9. Yuan trade settlement yet to gain momentum

    Posted Sep 18th 2009, 12:00am by Staff Reporter

    ... although some are convinced it will be a long-term success. There were 66 yuan trade settlement transactions for 42.8 million yuan (HK$48.66 million) conducted between Hong Kong and the mainland in the first month of the pilot operation, according to the Hong Kong Monetary Authority. The People's Bank of China has said only 70 million yuan of trade was settled as of early this month. ...

  10. Development of yuan market not threat to local currency, Chan says

    Posted Feb 26th 2010, 12:00am by Enoch Yiu

    ... Ka-keung said yesterday. Chan said the offshore yuan market would be developed in the city along similar lines to the US dollar market in London. 'While London has a huge offshore US dollar ... and other yuan investment products in Hong Kong. The measures are part of the government's efforts to promote Hong Kong as a testing ground for offshore yuan services. Chan said mainland ...




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