• Wednesday
  • September 3, 2014
  • Last updated: 1:29pm
Hong Kong




Refine Your Search

Sort by

Search Results

Results 1 - 10 of 21 for pboc

Related topics matching your search

Search results

  1. Yuan exchange cap will stay in place, PBOC says

    Posted Jul 01st 2012, 12:00am

    ... and Singapore. Hu said, however, said the PBOC may soon allow non-Hong Kong residents to open accounts for trading yuan in the city, a move local bankers see as a boon for business. Hu detailed ... yuan a month, which is a lot, and many people do not exchange that much,' Hu said. 'As such, the PBOC at present has no plan to lift the cap, though we will review it in the long ...

  2. Beijing gives yuan boost to HK

    Posted Nov 23rd 2011, 12:00am

    ... Jane Cai in Beijing xuejun.cai@scmp.com The mainland has doubled its currency swap arrangement with Hong Kong to 400 billion yuan (HK$490 billion) - a move that will consolidate 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 ...

  3. Fears Capital is fleeing mainland

    Posted Nov 22nd 2011, 12:00am

    ... to 4 per cent next year. Standard Chartered Bank predicts the yuan to advance only 3.3 per cent next year. Li Daokui, an adviser to the PBOC, said last week the yuan could face depreciation ...

  4. CSCI inks HK$63b of likely tenders

    Posted Sep 22nd 2011, 12:00am

    ... financing projects. A JPMorgan report said: 'The guidelines related to affordable housing loans issued recently by PBOC [People's Bank of China] are likely to accelerate the growth in new ...

  5. BOCHK aims for June payout in Lehman saga

    Posted May 26th 2011, 12:00am

    ... then deposit them with the Shenzhen branch of the PBOC. The clearing function has helped the bank increase its assets, but because of the low interest rates on yuan deposits, it has also put pressure ...

  6. Singapore seeks role as yuan trading centre

    Posted Apr 18th 2011, 12:00am

    ... lobbied the PBOC for approval on yuan trade settlements, but the central bank had so far not agreed to this request, the person familiar with the situation said. Undersecretary for financial ...

  7. BOCHK drops yuan clearing to lift margins

    Posted Mar 25th 2011, 12:00am by Lulu Chen

    ... and receiving an interest rate of 0.865 per cent. BOCHK has the option of putting the money in the PBOC's Shenzhen branch to earn an interest spread of 0.125 per cent, or reinvesting it elsewhere. ...

  8. PBOC move to tighten lending hits bank stocks

    Posted May 04th 2010, 12:00am by Amanda Lee

    ... Amanda Lee The Hang Seng Index fell 1.41 per cent yesterday after the People's Bank of China moved to curb lending by raising the ratio of deposits banks must set aside as reserves for the third time in less than four months. Shares of HSBC Holdings ...

  9. PBOC sets demanding terms on yuan trades

    Posted Jul 04th 2009, 12:00am by Denise Tsang

    ... Natalie Chiu and Denise Tsang The mainland central bank announced a set of stringent conditions with many restrictions for implementing cross-border trade settlements in yuan last night, in a move to limit the scale of business at its early stage. The muc ...

  10. Foreign banks affected in latest PBOC measure

    Posted Dec 28th 2007, 12:00am by Staff Reporter

    ... Natalie Chiu Loan growth limit cut to 12 per cent China has once again tightened bank lending to cool an overheated economy and for the first time has widened its restrictions to include foreign banks, mainland banking officials said yesterday. Beijing wa ...




SCMP.com Account