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Results 1 - 10 of 1492 for offshore yuan trading

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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 ...

    http://www.scmp.com/article/628048/beijing-considers-offshore-yuan-trading-hk
  2. Beijing eases rules on using offshore yuan

    Posted Oct 15th 2011, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com Beijing has issued guidelines allowing foreign companies to use yuan held offshore instead of US dollars to finance their mainland projects as it steps up ... yuan trading centre. Hong Kong's yuan investors have profited from the appreciation of the currency, which has gained more than 20 per cent against the US dollar since 2004. But companies ...

    http://www.scmp.com/article/981928/beijing-eases-rules-using-offshore-yuan
  3. Confusion over start to offshore yuan scheme

    Posted Aug 03rd 2011, 12:00am

    ... of China (PBOC) had stopped approving offshore yuan borrowing by domestic companies in compliance with Beijing's monetary tightening measures. But PBOC and the Hong Kong Monetary Authority ... director of a monetary policy department at the PBOC, who told a finance forum in Shanghai in May that the central bank would review applications for offshore yuan borrowing 'case ...

    http://www.scmp.com/article/975212/confusion-over-start-offshore-yuan-scheme
  4. Beijing backing for HK as yuan trading centre

    Posted Mar 06th 2012, 12:00am

    ... Gary Cheung and Tanna Chong in Beijing, Colleen Lee Beijing supports Hong Kong's drive to develop into an offshore yuan trading centre, Premier Wen Jiabao reiterated yesterday. Wen's pledge marks the first time the central government has included its backing for the development of offshore yuan business in Hong Kong in its work report, although it also made ...

    http://www.scmp.com/article/994607/beijing-backing-hk-yuan-trading-centre
  5. Business - China Business - CROSS-STRAIT TIES

    Beijing, Taipei sign yuan clearing pact

    Posted Sep 01st 2012, 12:00am by George Chen

    ... George Chen and Bloomberg george.chen@scmp.com Taiwan becomes the third offshore trading centre after Hong Kong and Macau, signalling more competition ahead in yuan settlement Beijing, ... Kong. Taiwan would allow interbank trading of the yuan, creating a new exchange rate for the currency, central bank governor Perng Fai-nan said yesterday. The two monetary authorities are also ...

    http://www.scmp.com/business/china-business/article/1027376/beijing-taipei-sign-yuan-clearing-pact
  6. 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 ...

    http://www.scmp.com/article/966685/yuan-trade-settlement-huge-own-goal-beijing
  7. Beijing closer to taking yuan international

    Posted May 21st 2011, 12:00am

    ... of the forum. 'Hong Kong, as an offshore yuan centre can help raise yuan before they are transferred back to the mainland for investments,' he added. An offshore trading centre allows ... Ka-keung. The liberalisation follows a pilot scheme in July 2009 when Beijing allowed companies to settle trades in yuan. Zhou Xiaochuan (pictured), governor of the People's Bank of China, told ...

    http://www.scmp.com/article/968328/beijing-closer-taking-yuan-international
  8. Higher yuan exchange cap urged

    Posted May 19th 2012, 12:00am

    ... as an offshore centre for yuan trade. The yuan is not yet fully convertible but Beijing has, since 2009, gradually relaxed restrictions to allow selected companies to use yuan to settle trade ... steps in the internationalisation of the yuan and the strengthening of Hong Kong's role as an offshore yuan market,' Wong said. The existing cap is seen as fettering Hong Kong, which ...

    http://www.scmp.com/article/1001387/higher-yuan-exchange-cap-urged
  9. 'Easier' yuan spurs foreign-fund wave

    Posted Dec 15th 2011, 12:00am

    ... and used across borders. Wang said the mainland wanted Hong Kong to play a more active role as an offshore yuan trading centre. '[The city] has an [irreplaceable] role in the development ... Ka-keung, Hong Kong's secretary for financial services and the treasury, said the new rules would boost the city's status as an offshore yuan trading hub. In October alone, Hong ...

    http://www.scmp.com/article/987829/easier-yuan-spurs-foreign-fund-wave
  10. Finance ministry plans 20b yuan bond sale in HK

    Posted Aug 04th 2011, 12:00am

    ... 2009, in an effort to further develop the city's offshore yuan business. The ministry said yesterday that 15 billion yuan would be sold to institutional investors, including 6 billion yuan ... in Hong Kong and pave the way for the internationalisation of its currency. The ministry said it was an 'important measure' to support Hong Kong's development as an offshore yuan ...

    http://www.scmp.com/article/975337/finance-ministry-plans-20b-yuan-bond-sale-hk

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