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  • October 22, 2014
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  1. Waiting for the men from the ministry

    Posted Jul 31st 2009, 12:00am by Amanda Lee

    ... Amanda Lee It has been nearly two years since the launch of an offshore yuan-denominated bond in Hong Kong, but the trading level of these securities remains low. Although the market ... not allowed to settle in yuan.' HSBC's research estimated the trial renminbi trade settlement scheme could lead to an annual surplus of 140 billion yuan offshore. Most bondholders have taken ...

  2. BOC eyes cross-border yuan trade settlements

    Posted Apr 15th 2009, 12:00am by Staff Reporter

    ... Maria Chan Bank of China's vice-chairman yesterday said the country's largest foreign-exchange bank was gearing up to handle yuan-based cross-border trade settlements. Li Lihui ... to be among the first batch of yuan trade settlement banks on the mainland. The lender also wants to use the clearing platform of Bank of China (Hong Kong), its banking unit in the city, to facilitate ...

  3. Small banks attract big yuan trade

    Posted Mar 04th 2004, 12:00am by Staff Reporter

    ... Kelvin Wong Most of Hong Kong's smaller banks are satisfied with the number of new yuan accounts being opened each week after they were introduced to the city. The bigger players, however, have missed their targets. Both Wing Hang and Liu Chong Hing banks said their yuan account take-up had so far been better than expected, with the latter recording a daily average of 500 ...

  4. Oil giant to launch trading flagship

    Posted Jul 14th 2003, 12:00am by Eric Ng

    ... China National Offshore Oil - parent of listed dominant offshore oil producer CNOOC - is planning to establish an oil trading flagship to import and export crude oil and refined oil ... power generation and life insurance businesses, while CNOOC has remained focused on oil and gas production. China National may name the new company China National Offshore Oil Import and Export ...

  5. Cathay injects 1.67b yuan into Air China cargo venture

    Posted Feb 26th 2010, 12:00am by Charlotte So

    ... Charlotte So Cathay Pacific Airways yesterday agreed to provide 1.67 billion yuan (HK$1.9 billion), including aircraft and engines, to its joint-venture cargo operation with Air China, ... crisis and the complicated financial terms of the deal. Air China will own 51 per cent in the joint venture while Cathay will hold 49 per cent, of which 24 per cent is to be held by an offshore ...

  6. Investor to appeal as first mainland rogue trade lawsuit fails

    Posted Mar 16th 2009, 12:00am by Staff Reporter

    ... International Economic and Trade Arbitration Commission. She was asking the lender to compensate the fund's investors for 1.53 million yuan (HK$1.73 million) after its manager was found guilty ... the custodian bank was exempt from compensating the investors. Tang Jian, the then manager of the fund, made a 1.53 million yuan gain on so-called rat trading accounts between the end of 2006 and early ...

  7. CRCC slips on 8b yuan share placement plan

    Posted Mar 05th 2010, 12:00am by Toh Han Shih

    ... of its heaviest trading days in Hong Kong with 40.13 million shares changing hands. Its Shanghai shares fell 2.3 per cent to finish at 8.46 yuan with 58.95 million A-shares traded. The stock ... in return for assets and cash. The issue price for the new A-shares will be at least 7.74 yuan per share, 89 per cent of their Shanghai share price at the trading suspension. 'We expect very ...

  8. Questions as brokerage folds

    Posted May 23rd 2005, 12:00am by Mark O'Neill

    ... that brought down China's fifth-largest brokerage, leaving 20 billion yuan in debt and a lawsuit against four executives for funnelling US$780 million offshore. On May 10, the China Securities Regulatory Commission (CSRC) revoked the licence of China Southern Securities, one of the biggest names in the brokerage industry, with revenue last year of 711 million yuan and more than 80 branches ...

  9. Export ban for rail firm over trade-secrets theft

    Posted Feb 26th 2010, 12:00am by Toh Han Shih

    ... Toh Han Shih The US International Trade Commission (ITC) has banned a Sino-US joint venture's exports of railway wheels to the US for 10 years, saying it used trade secrets stolen ... Standard Car Truck and Barber Tianrui Railway Supply, had stolen 128 trade secrets related to cast steel railway wheels from Amsted Industries, a US equipment manufacturer for the railway, vehicle ...

  10. Siemens eyes mainland wind turbine venture

    Posted Nov 18th 2009, 12:00am by Eric Ng

    ... sales of green products, according to the chief of its energy division. The venture would make both onshore and offshore wind turbines, said Wolfgang Dehen. He would not comment on whether ... producer of offshore wind farms by installed capacity. It has built 7,793 onshore and offshore wind turbines totalling 8,813 megawatts of capacity. Siemens has 17 offshore wind projects that have ...




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