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  • September 21, 2014
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  1. Business - Comment - WHITE COLLAR

    In the race for yuan trade, Hong Kong must raise its game

    Posted Apr 30th 2013, 12:00am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com As more cities fight to host a yuan centre, HK needs to compete to stay in the lead In the race for yuan trade, HK must raise its game With so many cities competing to be offshore yuan trading centres, Hong Kong is having a tough job maintaining its leading role. Yes, it is true Hong Kong has an advantage as the first mover- it was the first city ...

  2. Comment - Insight & Opinion

    Offshore yuan market gets into its stride

    Posted Aug 20th 2012, 12:00am by Donna Kwok

    ... yuan.) While some investors may be put off by expectations of slower renminbi appreciation, healthy renminbi trade settlement and a wider range of financial products suggest that the offshore ... Donna Kwok Donna Kwok says the strategy of making China's currency truly international is on schedule Growing liquidity of offshore yuan signals a broader and deeper market ...

  3. Business - Banking & Finance - FINANCING

    Growing demand spurs borrowing costs of offshore yuan in Hong Kong

    Posted Jun 23rd 2014, 03:08am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Borrowing costs soar as banks tighten lending and more remittance channels are available Growing demand spurs rates on offshore yuan Borrowing costs of offshore yuan in Hong Kong surged to their highest levels in a year last week as banks became more reluctant to part with their money in the run-up to the end of the half-year and demand for funds ...

  4. Offshore yuan under pressure

    Posted Jun 10th 2011, 12:00am

    ... that the mainland currency would continue to strengthen. But yesterday the offshore yuan spot rate traded at a discount to the onshore rate after many speculators unwound their positions- even though ... traded in May, when an one-year NDF had a 3 per cent implied appreciation. The offshore yuan's value is highly correlated to NDFs, according to Dariusz Kowalczyk, senior strategist for Asia, ...

  5. Business - Banking & Finance - BANKING

    Many happy yuan returns, Hang Seng

    Posted May 04th 2013, 12:00am by Enoch Yiu

    ... policies of the mainland have promoted onshore and offshore yuan capital flow. The use of the yuan has been further expanded to cross-border trades and investment, leading to greater demand ... is vying with rivals such as Paris, London, Tokyo, Sydney and Singapore to become the premier international yuan trading centre. The Monetary Authority last week lowered the capital reserves ...

  6. Business - Banking & Finance - REFORM

    Shanghai free-trade zone seen as way to boost appeal of panda bonds

    Posted Jun 23rd 2014, 03:08am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Officials hopeful that foreign companies with entities in Shanghai's testing ground will embrace yuan bonds to tap the local debt market Free-trade zone seen as way to boost panda bond appeal After the pilot Shanghai Free Trade Zone project aimed at smoothing cross-border yuan flows, encouraging foreign firms to sell so-called "panda ...

  7. Business - Money - FUND-RAISING

    Mainland China reforms drive IPOs and bond issues offshore

    Posted Mar 31st 2014, 05:27am by Jasper Moiseiwitsch and Ray Chan

    ... the template for such deals. It is injecting 225 billion yuan (HK$283 billion) of assets into Hong Kong-traded Citic Pacific, and this would require issuing at least HK$90 billion in new shares ... and we have not seen too many unrated small to medium-sized companies doing [offshore yuan] bonds recently. These covenant-light unrated high-yield deals have disappeared because investors demand ...

  8. Business - Economy - CURRENCIES

    Hong Kong may widen renminbi business

    Posted Jun 13th 2013, 12:00am by Gary Cheung, Charlotte So

    ... Gary Cheung in New York and Charlotte So City could extend collaboration on offshore yuan dealing from London to New York and Singapore HK may widen renminbi business Hong Kong may extend its collaboration on offshore yuan business to financial centres other than London, the head of the monetary authority said yesterday. The city, the first and largest offshore yuan centre ...

  9. Business - Commodities

    Yuan's rise powers surge in gold trade

    Posted May 25th 2013, 12:00am by Bloomberg

    ... were introduced in October 2011. Yuan-based markets and financial services are expanding as the city seeks to cement its status as the major offshore trading hub for the currency. The yuan ... Bloomberg Turnover in precious metal up sharply as currency gain seen limiting players' risks Yuan's rise powers surge in gold trade Follow @SCMP_News Trading in gold using ...

  10. Business - Banking & Finance - CURRENCIES

    Australia plays catch-up in yuan business as deal with China nears

    Posted Jul 25th 2014, 01:35am by Reuters

    ... the world's 10th offshore yuan hub with its own yuan payment and clearing system, after Beijing announced earlier this month it would assign yuan clearing banks to Paris and Luxembourg. Yuan clearing ... with China is invoiced in the yuan. A survey by HSBC, which interviewed more than 1,300 international companies in April and May, revealed that 9 per cent of the Australian companies trade ...




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