• Thursday
  • November 27, 2014
  • Last updated: 3:14pm
Hong Kong




Refine Your Search

Sort by

Related Keywords


Search Results

Results 51 - 60 of 13701 for offshore yuan trading

Related topics matching your search

Search results

  1. Business - Banking & Finance

    ICBC unit optimistic on yuan deposits

    Posted Aug 05th 2013, 12:00am by KANIS LI

    ... in the coming five years, according to a survey conducted by HSBC in the second quarter of this year. ICBC (Asia) was assigned by its parent as the offshore yuan trading centre for the group last year. ICBC's offshore arms and branches on the mainland use the Hong Kong subsidiary for price quoting and trading in its offshore yuan business. The local unit would support the group's role ...

  2. Business - Banking & Finance

    Non-China deals rise to 18pc of Hong Kong yuan trades

    Posted Dec 14th 2012, 12:02pm by Bloomberg

    ... 2011 figures. Hong Kong, designated as China’s major offshore yuan trading hub in the nation’s latest five-year plan, handled 1.93 trillion yuan of trade settlements in the currency ... “As the yuan internationalises and is used more in cross- border payments, trades among the offshore markets are also settled in yuan and are handled through Hong Kong,” Chan told reporters ...

  3. Business - Banking & Finance - CURRENCIES

    Yuan funding rules eased to shore up Hong Kong's offshore lead

    Posted Jul 26th 2013, 12:00am by Enoch Yiu

    ... been required. It is true that Hong Kong still has the first-mover advantage in being an offshore yuan trading centre but there is no monopoly for Hong Kong to do yuan business An HKMA ... is true that Hong Kong still has the first-mover advantage in being an offshore yuan trading centre but there is no monopoly for Hong Kong to do yuan business," the spokesman said. "As ...

  4. Singapore seeks role as yuan trading centre

    Posted Apr 18th 2011, 12:00am

    ... agreement, according to a person familiar with the situation. Singapore is the latest of the cities that are lining up to compete with Hong Kong to become acknowledged offshore yuan trading centres ... Hong Kong operates a yuan settlement platform outside China. As such, lenders in Australia, the United States, or London, must eventually turn to Hong Kong to settle the offshore yuan trades ...

  5. Business - Money

    Taiwan sees record yuan deposits on growing trade

    Posted Oct 06th 2012, 12:00am by Ralph Jennings

    ... and Singapore to be the main offshore yuan trade settlement centre. Yuan exchanges have increased since the mainland and Taiwan began doing brisk, open trade after the island's leader Ma Ying-jeou ... sectors. The accumulated yuan came from transactions by offshore bank units, a central bank official said. Those units handle cross-strait trade in the absence of free currency exchanges in Taiwan. ...

  6. Business - Banking & Finance - DEBT

    CSRC approves more issues of dim sum bonds in Hong Kong

    Posted Nov 06th 2012, 12:00am by ENOCH YIU AND TONY CHEUNG

    ... regulators have approved four more companies to issue yuan-denominated dim sum bonds in Hong Kong, a fresh boost to the city's status as the No 1 offshore yuan trading centre. Though ... settlement and bond issues in yuan in a bid to accelerate the process of internationalising the currency. While Hong Kong has taken the pole position in offshore yuan trading, it has competition. ...

  7. Singapore threat to HK role as yuan trading hub

    Posted Feb 21st 2012, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com Hong Kong's role as a leading offshore yuan trading centre is facing a challenge, with some companies preferring to settle yuan trades in Singapore- ... Hong Kong remained the major offshore yuan trade settlement platform, with 1.91 trillion yuan (HK$2.34 trillion) worth of yuan trades settled by banks in the city last year, out of a total ...

  8. HKEx set to launch yuan futures this summer

    Posted Apr 20th 2012, 12:00am

    ... to the currency and solidify Hong Kong's status as the main centre for the offshore yuan trade. HKEx announced the plan yesterday, just one day after HSBC issued the first yuan-denominated bonds in London in a big move to advance the City of London's push to become a major centre for the offshore yuan trade itself. The exchange's chief executive, Charles Li Xiaojia, said the plan ...

  9. Business - Economy - INVESTMENT

    Hong Kong seeks to woo Qianhai firms in HK$100b plan

    Posted Nov 19th 2013, 02:52am by Enoch Yiu

    ... Enoch Yiu and Denise Tsang Proposals come as city is under pressure to keep its role as a major offshore yuan trading centre HK seeks to woo Qianhai firms in HK$100b plan The Financial ... to secure its position as the major offshore yuan trading centre. Other proposals include further relaxing cross-border yuan lending and allowing state-owned enterprises and China Investment Corp ...

  10. London in HK link-up to trade in yuan

    Posted Jan 17th 2012, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com Hong Kong will help London develop as the next offshore yuan trading centre, shrugging off traditional competition between the two cities as part of a broader ... down suggestions the move would hurt Hong Kong as a leading offshore yuan trading centre. Osborne told a Hong Kong government seminar yesterday that the plan was to 'establish London ...




SCMP.com Account