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  • August 31, 2014
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Results 1 - 10 of 2411 for offshore yuan trading

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  1. Business - Banking & Finance - CURRENCIES

    China seeks accord on yuan-sterling swaps with UK

    Posted Mar 08th 2013, 12:00am by Ray Chan

    ... is likely to become a hub for yuan business in Europe after Hong Kong He said a yuan-sterling swap agreement would be an important step in spurring offshore yuan trade and investment activities in Europe, China's largest trading partner. Fang said he expected the City of London to be appointed as the next authorised offshore yuan clearing centre after Hong Kong, Taiwan and Singapore ...

  2. Business - Banking & Finance - CURRENCIES

    China and Britain to sign yuan-pound swap deal

    Posted Feb 23rd 2013, 12:00am by Bloomberg

    ... arrangement as London pushes to become an offshore centre for yuan trading. BOE governor Mervyn King and his PBOC counterpart, Zhou Xiaochuan, met in Beijing yesterday. Both central banks will "facilitate" talks on the yuan-pound arrangement, the BOE said. "The arrangement would be used to finance trade and direct investment between the two countries and to support domestic financial ...

  3. 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 ...

  4. Yuan trade settlement is a huge own goal for Beijing

    Posted May 03rd 2011, 12:00am

    ... it much more difficult to claim value-added tax rebates if they accept payment in yuan. Meanwhile, offshore buyers have found that trade finance in yuan is both harder to come by and more ... billion yuan-worth of China's foreign trade was settled using the currency in the first quarter of 2011, more than two-thirds as much as during the whole of 2010. But although ...

  5. Conflicting stories betray confusion over the yuan

    Posted Sep 09th 2011, 12:00am

    ... they are a function of China's restrictive capital controls. If Beijing were to scrap its controls and make the yuan fully convertible, then the need for offshore trading centres would disappear. ... a lot of time and effort in setting up offshore trading centres for the yuan. If they were really going to make the currency fully convertible in just three years' time, they wouldn't ...

  6. Yuan picks up speed in unlocking door to world

    Posted Jul 09th 2011, 12:00am

    ... companies were allowed to issue yuan-denominated bonds in Hong Kong. That, in turn, fuelled the development of an offshore trading market, providing Beijing with a training ground to experiment ... if they settle their trade in yuan.) To enhance the attractiveness of holding yuan offshore, Beijing permitted yuan transfers among banks from July last year, enabling investors to transfer funds ...

  7. Easing pressure on the yuan

    Posted Sep 05th 2003, 12:00am by Staff Reporter

    ... China and its trading partners agree on the need for an easing of restrictions on exchange of the yuan; the difference of opinion concerns timing. While the US and others want ... after its 1990s boom-bust cycle, and for this reason a freely trading yuan is likely to be many years away. Even so, we can expect to see China's trading partners keep up the pressure ...

  8. Business - Banking & Finance - CURRENCIES

    China to 'allow full yuan convertibility' by 2015

    Posted Sep 13th 2012, 12:00am by JANE CAI AND DANIEL REN

    ... in the early 2000s, but the Asian financial turmoil in 1997-98 deterred mainland officials from moving forward with the plan. Hong Kong now acts as an offshore yuan trading centre where non-Chinese companies, institutions and residents can actively trade the currency and settle trade deals. Full convertibility of the yuan would mean the city's role as a dominant offshore yuan centre would ...

  9. Business - Economy - ECONOMY

    China fails to set timetable for financial reforms

    Posted Oct 02nd 2012, 12:00am by JANE CAI

    ... Beijing broadened the daily trading band of spot yuan against the US dollar from 0.5 per cent in either direction of a reference price set by regulator to a 1 per cent trading band, widely ... economic and financial arenas. Many economists have expected an accelerated opening-up of the capital account would be needed to accommodate the wider acceptance and usage of yuan in global trade ...

  10. Yuan IPO off and running; now comes the hard part

    Posted Apr 20th 2011, 12:00am

    ...-denominated issues, strengthening Hong Kong's role against rivals, including Singapore, as an offshore trading centre for the yuan. For investors, such issues add to the choice of yuan investment ... the company chose to pioneer an offshore yuan-denominated listing because it 'will help promote globalisation of the currency'. Units will be traded and settled in yuan and the company aims ...




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