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  • September 1, 2014
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Results 81 - 90 of 91203 for offshore yuan trading

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  1. Business - Economy - FINANCIAL SERVICES

    Shanghai yuan role 'no threat' to London

    Posted Sep 24th 2013, 12:00am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com The free-trade zone will increase transaction volumes in offshore yuan hubs such as the UK capital, lord mayor of the city's finance district says Shanghai yuan role 'no threat' to London The experiment in full yuan convertibility through the new free-trade zone in Shanghai will boost transaction volumes in offshore foreign exchange ...

  2. 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 ...

  3. Beijing eases rules on using offshore yuan

    Posted Oct 15th 2011, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com Beijing has issued guidelines allowing foreign companies to use yuan held offshore instead of US dollars to finance their mainland projects as it steps up ... yuan trading centre. Hong Kong's yuan investors have profited from the appreciation of the currency, which has gained more than 20 per cent against the US dollar since 2004. But companies ...

  4. Business - Banking & Finance - CURRENCIES

    Big challenges ahead for yuan to go global

    Posted Jun 30th 2014, 01:40am by Enoch Yiu

    ... become the seventh-most used payment currency, with more than 4 trillion yuan (HK$4.9 trillion) in trade settlements last year. For Beijing policymakers, that is only the start, having signalled their ambitions for the currency to compete with the US dollar for trade settlement and investment and, eventually, become a reserve currency for central banks. The growing use of the yuan ...

  5. Investors cool on offshore yuan bonds

    Posted Jan 31st 2011, 12:00am by Amanda Lee

    ... Amanda Lee The offshore yuan bond market looks to have become a victim of its own success as the stampede by investors to get exposure to potential yuan currency gains pushes yields ... It has so far offered no comment on media reports that it had pulled the issue, which dealers said would be the first case of an issue being withdrawn since the offshore yuan bond market began ...

  6. Confusion over start to offshore yuan scheme

    Posted Aug 03rd 2011, 12:00am

    ... of China (PBOC) had stopped approving offshore yuan borrowing by domestic companies in compliance with Beijing's monetary tightening measures. But PBOC and the Hong Kong Monetary Authority ... director of a monetary policy department at the PBOC, who told a finance forum in Shanghai in May that the central bank would review applications for offshore yuan borrowing 'case ...

  7. Business - Banking & Finance - BANKING

    Banks rush to open branches before Shanghai free-trade zone anniversary

    Posted Jul 08th 2014, 01:54am by George Chen

    ... restrictions on the international use of the yuan currency. Li and other senior officials are expected to attend the first year anniversary celebration of the free-trade zone in October. Besides ... open special onshore and offshore trade accounts and how to make money transfers between different accounts. Follow the reporter on Twitter: @george_chen ...

  8. Business - Banking & Finance - CURRENCIES

    Looser controls over yuan bring mixed blessings

    Posted Mar 17th 2014, 01:57pm by Jeanny Yu

    ... dollar. The offshore reaction was milder, with the yuan closing 0.22 per cent lower at 6.1677. A widening of the yuan's trading band had long been expected, but the timing still took ... Jeanny Yu jeanny.yu@scmp.com Wider trading band is a step towards a freer financial market but may fuel outflow risks Looser controls over yuan bring mixed blessings Beijing's ...

  9. News - Hong Kong

    China's yuan joins world's most traded currencies

    Posted Sep 06th 2013, 02:32pm by AP

    ... HONG KONG (AP) — A report says China's currency, the yuan, has joined the ranks of the world's most traded currencies for the first time. The Bank for International Settlements said in a report Thursday that the yuan became one of the top 10 traded currencies, driven by a big rise in offshore trading. The rise of the yuan in foreign exchange markets highlights ...

  10. Business - Banking & Finance - CURRENCIES

    Goldman Sachs warns won-yuan trading will weaken South Korean currency

    Posted Aug 01st 2014, 02:02am by BLOOM

    ... Bloomberg in Seoul US bank predicts that direct trading between won and yuan could slow inflow of US dollars Goldman warns yuan trading will weaken won A plan to start direct trading ... 1 government report. With only 0.3 per cent of trade payments settled in the mainland Chinese currency, the won-yuan market has the potential to grow rapidly, the Goldman report said. The value ...




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