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  • November 28, 2014
  • Last updated: 4:01am
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Results 81 - 90 of 13702 for offshore yuan trading

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  1. Business - Banking & Finance

    Hong Kong delegation to meet Chinese leaders on Shanghai yuan rivalry

    Posted Oct 14th 2013, 12:00am by KANIS LI

    .... The Shanghai free-trade zone is set to become a testing ground for yuan convertibility and the prospect has alarmed some bankers in the city, who are concerned that Hong Kong's role as an offshore ... at the offshore yuan rate without being subject to a daily conversion limit of 20,000 yuan (HK$25,300). A report by ANZ Bank has suggested that further relaxation of offshore trade in the yuan could ...

  2. Business - Economy - ECONOMY

    Central banker sees no mainland threat to HK

    Posted Aug 04th 2014, 03:31pm by Enoch Yiu

    ... steps like internationalising the yuan since 2009, far from being hurt, Hong Kong has benefited by emerging as a leading offshore yuan trading centre. Beijing's opening up of the capital ... eight times from 2000. Over the same period, re-exports from Hong Kong rose 1.5 times to US$450 billion. Offshore trade grew even faster, Chan pointed out, with the value of goods handled ...

  3. Business - Banking & Finance - CURRENCIES

    U.K. ready to create bank for yuan deals

    Posted Nov 14th 2013, 03:09am by BLOOM

    ... Bloomberg in London As London bids to become an offshore yuan trading centre, Bank of England says it could set up a clearing bank for the Chinese currency U.K. ready to create bank for yuan deals The Bank of England is ready to help create a clearing bank for yuan in London as the city seeks to become an offshore hub for trading the currency, said chief cashier Chris Salmon, ...

  4. HK faces stiffer race as yuan trade centre

    Posted Jan 13th 2011, 12:00am by Enoch Yiu

    ... Enoch Yiu Hong Kong is facing more competition from rival cities in the race to become an offshore yuan trading centre as lenders in New York, London and Singapore begin offering services ... through the trade settlement scheme. Our position as offshore yuan centre is not being affected.' Carmen Ling, head of Hong Kong global transaction services at Citi, said the bank offered ...

  5. A good week for...

    Posted Oct 23rd 2011, 12:00am

    ... launched the world's first spot gold market denominated in yuan outside the mainland. The new market provides holders of yuan with another avenue into which to invest the currency, most of which sits idly in local bank deposits. It will also boost Hong Kong's status as an offshore yuan-trading centre. Hu Shuli The founder of the mainland's top business magazine, Caijing, ...

  6. Boost for HK as yuan trading hub

    Posted Jun 15th 2012, 12:00am

    ... Enoch Yiu, Lulu Chen and Jane Cai in Beijing To further boost the city's role as an offshore yuan trading centre, Beijing is set to announce new initiatives to coincide with the visit ... for Hong Kong is critical. 'The central government will continue to push ahead with the plan to build Hong Kong into an established offshore centre for yuan trading,' Song said. ...

  7. Business - Economy - CURRENCY

    HKMA supports Shanghai as onshore yuan hub

    Posted Dec 13th 2012, 12:00am by REN WEI

    ... the mainland in quickening the pace of internationalisation of the local currency. In January, Shanghai unexpectedly announced it would make the city a global centre for yuan trading by 2015, stoking fears in Hong Kong that the mainland's financial hub was readying to eat into its currency trade business. Hong Kong is the world's largest offshore yuan trading centre, where ...

  8. 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 ...

  9. Business - Money

    Offshore yuan surges as through train kicks off

    Posted Nov 18th 2014, 05:09am by Jeanny Yu

    ... the biggest intraday gain since October 12, 2011. The increase was notched just before trading began under the through train scheme linking the Hong Kong and Shanghai stock markets. Offshore yuan ... the yuan was trading at 6.1256 against the US dollar offshore, while it settled at 6.1283 onshore. Hong Kong is contending with large outflows of yuan on a daily basis that could lead to a surge ...

  10. Business - Economy - ECONOMY

    Yuan convertibility on back burner as Beijing focuses on other reforms

    Posted Aug 07th 2014, 11:58am by Reuters

    ... used in trade and investment, as well as in offshore yuan trading hubs, investors have sought to skirt capital controls by exploiting various loopholes- some of which could remain until ... damaging speculative flows that will make it harder to reshape the economy. There has never been a hard target date for a freely traded yuan, although the central bank had outlined a goal of making ...




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