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  1. Latest yuan fund goes for the gold

    Posted Jan 31st 2012, 12:00am

    ... May Chan may.chan@scmp.com Hang Seng Bank yesterday unveiled the first yuan-denominated gold exchange-traded fund product on the market for investors who want to ride on the bullish ... for February 14. Subscriptions are scheduled to be open from next Monday to Wednesday and the issue price is expected to be 35 yuan (HK$43) per unit, trading at 100 units per lot. Andrew Fung, ...

  2. What will the yuan be worth in one year's time against the US dollar?

    Posted Jun 20th 2011, 12:00am

    ... suddenly rush out of popular currencies like the yuan, provoking a mini-Asian Crisis,' says Matthews. Albert Leung (north Asia rates and FX strategist, Citi) expects offshore renminbi (known ... the mainland's still strong trade surplus, which creates demand for yuan, combined with political pressure from the US will keep the yuan on a path to moderate appreciation. To capitalise ...

  3. Business - Economy - TRADE

    Outgoing commerce chief warns over trade, inflation

    Posted Mar 08th 2013, 05:23pm by Victoria Ruan, Cary Huang

    ... say the figures may also provide China's major trade partners with ammunition to press Beijing for a stronger yuan. Chen, speaking at probably his last press briefing as trade minister, ... warning on trade and inflation The outgoing commerce minister fired a parting shot at Japan and the United States over the negative impact of their monetary easing on China's trade. Chen ...

  4. Buyers at Canton Fair fear unstable yuan after move to widen trading band

    Posted Apr 18th 2012, 12:00am

    ... Denise Tsang in Guangzhou denise.tsang@scmp.com Robert Fitzpatrick has been a worried man ever since the news of a wider yuan trading band reached the Canton Fair. The Australia-based ... of the daily trading band of the yuan against the US dollar to 1 per cent will mean wider swings for the Chinese currency, which may appreciate further and erode his cost advantage. Mingling ...

  5. Economy and stability at risk without faster rise in yuan, Bernanke warns

    Posted Dec 16th 2006, 12:00am by Jamil Anderlini

    ... and to stabilise the economy'. But he backed off from calling China's yuan policy an 'effective subsidy' for exporters, a point that was included in the printed version of his speech given to the audience. In order to maintain the yuan's value in its targeted range relative to the US dollar, China's central bank must continually intervene in the foreign exchange ...

  6. Yuan switch will ease trade tensions

    Posted Jul 22nd 2005, 12:00am by Staff Reporter

    ... China's long-awaited revaluation of the yuan is a good move which will help ease worsening tensions with its trading partners. It also proves Beijing's determination to press on with reforms to make the economy more flexible and market based. The mainland's central bank announcement yesterday that it was replacing the yuan's peg to the US dollar with a new mechanism ...

  7. Business - Money

    Stronger yuan to bring Hong Kong higher food prices

    Posted Nov 03rd 2012, 12:00am by Celine Sun, Charlotte So, Lulu Chen, Denise Tsang

    ... while the yuan floated on the strong side of its trading band against the US dollar. However, he added, investors should be mindful of a possible backtrack after the US presidential election ... Staff Reporters The stronger mainland currency will certainly provide bargains for tourists from the north, but its effect will hit Hongkongers in the wallet Mixed yuan blessings Get ready ...

  8. Credit Agricole tips yuan's rise to slow next year

    Posted Dec 09th 2011, 12:00am

    ... Charlotte So charlotte.so@scmp.com The yuan will appreciate at a slower pace next year amid concerns about Europe's spiralling debt crisis and its impact on the region's trade ... demand. That in turn will reduce China's trade surplus and its foreign reserves, easing pressure on the yuan to appreciate. Credit Agricole revised down its forecast on the yuan ...

  9. Business - Economy

    Party like it's 2007 again? Don't hold your breath

    Posted Mar 26th 2014, 01:30pm by DAVID DODWELL

    ... that are going to need to be trained to support them on taxpayer funds. Sorry to continue to be a party pooper. David Dodwell is the executive director of the Hong Kong-Apec Trade Policy Group ...

  10. Fed rates pledge spurs PBOC to boost yuan rate against dollar

    Posted Aug 12th 2011, 12:00am

    ... last year. The yuan is allowed to trade up to 0.5 per cent on either side of the official rate. The yuan's appreciation came amid weakening prospects for the greenback on speculation ... said. A stronger yuan could make imports cheaper. Since China would still have a trade surplus this year, the impact on the economy would not be huge, Peng said. 'We expect export growth ...




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