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  1. 'Yuan's not fully global just yet'

    Posted Apr 26th 2012, 12:00am

    ... to full convertibility, arguing that yuan sourcing for the offshore market came from trade and foreign direct investments, rather than purely financial transactions such as share trading ... May Chan may.chan@scmp.com Don't assume that offshore development of the yuan market is a sign that the currency is becoming internationalised, warns John Greenwood (pictured), ...

  2. Comment - Insight & Opinion

    Goal of yuan convertibility within reach

    Posted Mar 27th 2013, 12:00am by QU HONGBIN

    ... about six-fold in three years, to nearly 12 per cent; the pool of offshore renminbi, non-existent three years ago, now tops around 900 billion yuan (HK$1.1 trillion). By 2015, the currency could ... financial system is also beginning to be radically reshaped. The renminbi has played a relatively limited role in international trade and capital markets but this is changing - fast. The pace ...

  3. Imports weigh on trade surplus

    Posted Sep 11th 2010, 12:00am by Denise Tsang

    ... Denise Tsang China's trade surplus swelled by a less-than-expected 30.4 per cent year on year in August, but economists say pressure for yuan appreciation will continue to dog ... election, expect every nuanced movement [in the US-China trade relationship] to be used by Beijing and Washington to further their stance on yuan,' HSBC chief economist Qu Hongbin said. Next ...

  4. Easing pressure on the yuan

    Posted Sep 05th 2003, 12:00am by Staff Reporter

    ... China and its trading partners agree on the need for an easing of restrictions on exchange of the yuan; the difference of opinion concerns timing. While the US and others want ... after its 1990s boom-bust cycle, and for this reason a freely trading yuan is likely to be many years away. Even so, we can expect to see China's trading partners keep up the pressure ...

  5. Comment - Insight & Opinion

    Diaoyus fallout sees China refocus RMB push to Australia, Canada

    Posted Oct 22nd 2012, 12:00am by G. BIN ZHAO

    ... consider promoting the establishment of an offshore renminbi business in Toronto. One of the reasons Japan is willing to conduct direct yuan-yen trading is that Japan, in addition to trade ... for renminbi internationalisation Direct route On June 1, direct trading began between the renminbi and the Japanese yen, a step which will play a significant role in the process of China's ...

  6. Business - Banking & Finance - TRADE

    More countries use yuan to settle international payments

    Posted May 23rd 2013, 12:00am by JANE CAI

    ... with the growing size of the Chinese economy, Beijing launched a pilot scheme in 2009 that allowed companies to settle cross-border trades in yuan and receive tax rebates. It has also encouraged banks ... Jane Cai in Beijing xuejun.cai@scmp.com More use yuan to settle international payments More countries are using the yuan to settle payments, a development that underscores the increasing ...

  7. WTO chief refuses to give his two cents' worth on yuan rate

    Posted Jul 24th 2010, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai World Trade Organisation director-general Pascal Lamy yesterday refused to be drawn into the controversy surrounding the yuan exchange rate amid China's ... settle trade disputes through negotiations rather than trade wars while adjusting yuan's exchange rate. China leapfrogged Germany to become the world's leading exporter last year ...

  8. Differences remain over yuan-dollar rate

    Posted Nov 18th 2009, 12:00am by Cary Huang

    ... Cary Huang in Beijing President Hu Jintao urged the United States to oppose trade protectionism, and his counterpart, Barack Obama, at their summit yesterday nudged China to allow the yuan ... the World Trade Organisation and China three against the US. Hu made no mention of the yuan after meeting Obama, and the US leader said only that he was pleased with China's commitment ...

  9. Comment - Insight & Opinion - JAKE'S VIEW

    HKMA's push for yuan as an economic pillar is puzzling

    Posted Apr 28th 2013, 12:00am by Jake Van Der Kamp

    ... dollar amid strong growth in the use of yuan for worldwide trade and investment. It is now the 13th-most used currency for international payments. SCMP, April 26 Why should a company outside ... can easily raise the money anywhere. The US dollar is so prevalent in trade that China itself reports its trade figures in US dollars and only publishes their yuan equivalents ...

  10. New US yuan act fails to clear crucial WTO trade-law hurdle

    Posted Oct 26th 2011, 12:00am

    ... Oversight Reform Act of 2011 passed by the US Senate two weeks ago is not only economically misguided, it suffers from a fatal legal flaw, according to the World Trade Organisation's (WTO) ... themselves an unfair trade advantage. China is not mentioned, but it is the obvious target. The bill's supporters believe that under international trade laws, China's persistent ...




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