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  • July 11, 2014
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  1. Business - Banking & Finance - CURRENCIES

    BOC Hong Kong fends off new competition in yuan trading

    Posted Feb 17th 2014, 04:47am by KANIIS LI, Jeanny Yu

    ... competition in yuan trading The Hong Kong unit of the state-owned Bank of China is stepping up marketing of its improved clearing services to western financial institutions in Hong Kong after losing ... gradually. The next move this year is to double the trading band of the currency in the foreign exchange market from to 2 per cent to allow more volatility. "The Chinese government will take ...

  2. Business - Banking & Finance - CURRENCIES

    London challenges Hong Kong with BOC's yuan bond

    Posted Jan 09th 2014, 01:49pm by Jeanny Yu

    ... Zhao. Meanwhile, the London Stock Exchange will list the first RQFII (renminbi qualified foreign institutional investor) exchange-traded funds to be listed in Europe, CSOP Asset Management, one ...

  3. Business - Economy - CURRENCIES

    China and UK in talks over London yuan clearing bank

    Posted Feb 20th 2014, 11:16am by Jeanny Yu

    ... banks. Watch: Britain seeks to boost yuan trading role: Osborne "The UK and Chinese governments are in active discussions about the appointment of a renminbi clearing bank in London," ...

  4. Business - Banking & Finance - CURRENCY PRODUCTS

    Bank of China targets yuan markets in West

    Posted Oct 28th 2013, 04:33am by Jeanny Yu

    ... in the first half of next year, in a bid to differentiate it from the market that is already flooded with RQFII exchange traded funds. Separately, it is also applying for an RQFII quota to launch ... a healthy return. Unlike its peers who are launching exchange traded funds that passively track the mainland equity market, BOCHK was looking to position itself as a fully active manager. Au, who ...

  5. News - China

    Quest for justice in Israel suicide bomb death opens web of intrigue

    Posted Nov 02nd 2013, 03:50am by Reuters and staff reporter

    ... request that the official appear in court. Netanyahu is being accused of letting the case unravel rather than risk ruining bilateral trade ties with Beijing. Israeli newspaper Yedioth Ahronoth ...

  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. BOC yuan trade centre boosts Shanghai hub hopes

    Posted Mar 21st 2012, 12:00am

    ... Daniel Ren in Shanghai ren.wei@scmp.com The Bank of China has launched a high-profile yuan trading unit in Shanghai, in a move that is seen as reinforcing the city's bid to become a global financial centre. BOC, one of the mainland's Big Four banks, would use the unit, which it describes as its second headquarters, to boost trading in bond, gold and money market ...

  8. Business - Money - SETTLEMENT

    Bank of China to expand yuan business in UK

    Posted Nov 26th 2012, 12:00am by Enoch Yiu

    ... to expand U.K. yuan trade Bank of China to expand yuan business in UK Bank of China plans to expand its yuan business in London as the city embarks on an ambitious plan to establish itself as the West's major centre for trade of offshore yuan. "Yuan business is definitely a hot topic here in London, since the British government and the City of London are both keen to develop London ...

  9. Worldwide recognition beckons

    Posted Feb 24th 2012, 12:00am

    ... That task continues. But today, in parallel, there is another strategic goal: to operate and be recognised as a first-class international bank. This objective is a spur for the latest stage ... It functioned first as a central bank, later handling foreign exchange, and then specialising as a foreign trade bank. The essential aim was to support financial stability, maintain lines of credit, ...

  10. Temasek's trades in big banks like 'hedge fund'

    Posted Sep 07th 2011, 12:00am

    ... for a sovereign wealth fund to trade in and out of positions in such a short time,' said James Antos, a senior analyst at Mizuho Securities. 'This very rapid pace of trade resembles what a hedge ... was not Temasek's only recent quick trades. In early July, the sovereign fund sold 5.19 billion shares of Bank of China (BOC) for HK$3.60 per share. On August 22, it bought into 97.11 million shares ...




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