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  1. Latest yuan rush may not be a fast road to riches

    Posted Aug 15th 2010, 12:00am by Enoch Yiu

    ... Hong Kong-based fund houses to set up yuan businesses, brokers to trade yuan bonds and shares for clients, insurance companies to launch yuan policies and firms to raise funds by issuing ... 'Yuan is of growing attraction for Hong Kong investors and the move to establish Hong Kong as an offshore centre for the currency will grow local deposits dramatically and increase the demand ...

  2. CNOOC secures 45b yuan nod for Huizhou project

    Posted Feb 23rd 2009, 12:00am by Eric Ng

    ... Eric Ng China National Offshore Oil Corp, the mainland's third-largest oil producer, has won approval to spend 45 billion yuan (HK$51.12 billion) to expand its only refinery ... the official. 'Given the decline in raw material prices, we can expect to reap substantial savings and complete the project below the 45 billion yuan budget.' Beijing last week unveiled broad ...

  3. Hang Seng chief urges yuan caution

    Posted Nov 11th 2003, 12:00am by Christine Chan

    ... word of caution over the setting up of a yuan offshore centre in Hong Kong. Hong Kong's banks are receptive to the idea, which is considered a pre-requisite for them to conduct yuan ... on the yuan's exchange-rate regime, the nation's monetary policy and banking regulations. As the yuan is not yet fully convertible, a yuan offshore market is bound to give rise to exchange-rate ...

  4. China National secures 7.5b yuan Hainan deal

    Posted Apr 19th 2005, 12:00am by Eric Ng

    ... Eric Ng Project will involve a 140MW power plant and 360km distribution network China National Offshore Oil Corp has signed a 7.5 billion yuan deal to develop its fifth liquefied natural ... power plant in Hainan from 49 per cent to 95 per cent by buying a 46 per cent stake from government-owned Hainan Power for 580 million yuan. The plant will change its fuel from offshore natural ...

  5. Xinao Gas to pump in 296m yuan

    Posted Apr 21st 2004, 12:00am by Denise Tsang, Eric Ng

    ... Denise Tsang and Eric Ng Xinao Gas Holdings will invest 296 million yuan in four piped-gas supply projects. The mainland-based gas supplier said yesterday the projects were located ... posted a 43.1 per cent jump in net profit for last year to 183.09 million yuan. Turnover rose 61.3 per cent to 878.05 million yuan. Earnings per share grew 37.8 per cent to 24.8 fen. The profit ...

  6. Upgrades and downgrades

    Posted Sep 06th 2003, 12:00am by David Robinson

    ... BUY CNOOC DBS Vickers Securities has maintained its 'buy' rating on the dominant offshore oil producer following a better than expected 6.33 billion yuan (HK$5.93 billion) ... and reasonable expectations from the Levi Strauss deal. Analyst Stephen McKeever said its shares now looked fully valued trading at 25 times next year's expected earnings - above its five-year ...

  7. Home Credit China wins licence to extend business on the mainland

    Posted Nov 30th 2010, 12:00am by Staff Reporter

    ... are hard to follow and people who need frequent reminders to make repayments. The company acquires clients at points of sale. A client who enters a store to buy a 2,000 yuan (HK$2,325) mobile phone but without enough cash is a potential customer. After providing his identity card and bank card information, the credit, averaging about 1,800 yuan and due in less than one year, is usually approved ...

  8. Political factors far outweigh financial gains in yuan bonds

    Posted Sep 04th 2010, 12:00am by Shirley Yam

    ... with Shirley Yam Thanks to McDonald's yuan-denominated bond issue last month, the product, which was little known internationally, has finally shown up on the radar screen of many ... their interest in yuan. So you must have a stable source of yuan income. You don't need dollar income to issue dollar bonds, not just because the dollar is easily convertible but also because ...

  9. New trade laws offer better arrangement

    Posted May 10th 2004, 12:00am by Toh Han Shih

    ... and trade. The rules also allow foreign businesses in the mainland greater flexibility to integrate manufacturing with sales and distribution operations. Observers expect the liberalisation to prompt ... such as motor vehicles, and will lower the minimum registered capital to 500,000 yuan for wholesale businesses and 300,000 yuan for retail businesses. Existing Chinese law restricts foreign firms ...

  10. Investors watch from sidelines in quiet trade

    Posted Mar 22nd 2005, 12:00am by Joseph Lo

    ... Joseph Lo Mainland oil companies secure gains on worries that global crude prices will remain at record levels Hong Kong stocks traded within a tight range yesterday, as brokers said ... points in the first 30 minutes of trading. It spent the rest of the day trading sideways, before closing up 5.98 points at 13,834.35. Turnover amounted to just $11.5 billion, down from the $15 ...




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