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  • November 22, 2014
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Results 1 - 10 of 146 for offshore yuan trading

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  1. Business - Banking & Finance

    HSBC and Standard Chartered among first Shanghai free-trade zone banks

    Posted Sep 10th 2013, 12:00am by KANIS LI

    ... in the free-trade zone to provide unrestricted banking services similar to the offshore yuan trading offered by HSBC, Standard Chartered and other banks in Hong Kong, which are already popular ... and bankers, with some worrying the city's position as an offshore yuan-trading centre and its financial industry might be threatened by Shanghai's rise. ...

  2. Beijing gives yuan boost to HK

    Posted Nov 23rd 2011, 12:00am

    ... the city's role as a major offshore yuan trading centre. The new agreement between the People's Bank of China (PBOC) and the Hong Kong Monetary Authority (HKMA) will supersede the accord signed ... September. Standard Chartered bank economists attribute the volatility partially to the exhaustion of the trade conversion quota for offshore yuan. The latest move would produce a 'useful ...

  3. Companies wary of hiring despite rising sentiment

    Posted Apr 12th 2012, 12:00am

    ... that was because Hong Kong faced more serious labour shortages in these areas, given its status as an offshore yuan trading centre and Asia's most prominent financial hub. 150 The number of licensed ...

  4. Yuan bond market 'to face pressure'

    Posted Jul 14th 2009, 12:00am by Staff Reporter

    ... by the mainland's trading partners, who would be seeking to park their funds in liquid and safe assets. Rising offshore yuan holdings would in turn force the mainland to face the challenge of loosening ... as an offshore centre for yuan trading, and yuan deposits in the city might expand to more than 400 billion yuan (HK$453.72 billion) from the current 53 billion yuan. If the yuan became widely accepted ...

  5. Three banks to offer yuan accounts to non-residents

    Posted Aug 01st 2012, 12:00am

    ... strengthened Hong Kong as an offshore yuan trading centre. This provides new opportunities and a good, profitable business for banks,' said Anita Fung, chief executive of HSBC Hong Kong. 'The ... Three lenders will offer yuan services for non-residents from today as part of a move to expand their business in that currency, after yuan trade settlements rose to a record high in June. ...

  6. Growing buzz about Hong Kong's next 'God of Fortune'

    Posted Oct 11th 2011, 12:00am

    ... Chan has worked hard to promote offshore yuan trading, which has been welcomed by local bankers. However, if Chan becomes the new God of Fortune, his wife Diana Chan Tong Chee-ching may need ...

  7. StanChart chief outlines vision

    Posted Jan 02nd 2008, 12:00am by Staff Reporter

    ... growth potential, as did business between the mainland and Africa, he said. Mr Hung added that Hong Kong could become an offshore yuan trading centre and an Islamic financial hub. He said ...

  8. Business - Banking & Finance - BANKING

    HSBC still set on hiring more Hong Kong staff despite job cuts

    Posted May 21st 2013, 12:00am by KANIS LI

    ... the meeting she expected the yuan to be freely convertible within five years. A shareholder asked if the group would consider relocating to Hong Kong from London as Hong Kong was the offshore centre of yuan trading, and the bank might face more regulatory requirements with its headquarter in Europe. However, HSBC's chairman, Douglas Flint, said unless the bank knew all about ...

  9. Bank on convertibility

    Posted May 15th 2012, 12:00am

    ... country's ambition to boost London as an offshore trading centre for the yuan. The Federal Reserve revealed that three of the mainland's largest state-owned banks, Bank of China, ... yuan convertibility. Tim Condon, chief Asia economist of ING Bank, says China needs a currency befitting of an economy that accounts for 10 per cent of global trade. He says it is remarkable ...

  10. Business - Banking & Finance - MARKETS

    HSBC, Standard Chartered sell yuan bonds in Singapore

    Posted May 27th 2013, 07:06pm by Reuters

    ... of its currency abroad. Industrial and Commercial Bank of China has begun yuan-clearing in Singapore, the world's fourth-largest foreign exchange trading centre and the main Asian base for oil and commodity traders. Separately, Singapore Exchange yesterday launched depository services for yuan-denominated bonds in a bid to support the city's development as an offshore hub ...




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