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  • November 24, 2014
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  1. Yuan rise 'would hurt grain'

    Posted Jul 04th 2005, 12:00am by Cary Huang

    ... Cary Huang Senior agriculture official Chen Xiwen has warned that an appreciation of the yuan would have a negative impact on grain production. An increase in the value of the currency would encourage grain and food imports, bringing new challenges to the agriculture sector. 'Of course, an appreciation of the renminbi would have an impact on the development ...

  2. Travellers savour their increased spending power

    Posted Jul 23rd 2005, 12:00am by Staff Reporter

    ... and Malaysia next week. She said she had heard about a possible appreciation a long time ago but did not expect it to happen before she left. 'It means I can buy more things with my renminbi ...

  3. Bright idea

    Posted Mar 12th 2005, 12:00am by Staff Reporter

    ... Compiled by Vivian Wu Proposals that didn't make the headlines... yuan leaps over renminbi in convertibility stakes CPPCC delegate Wu Longzhang wants the nation's currency to be formally known as the Chinese yuan rather than renminbi. Mr Wu says it would help enhance the recognition and identity of the currency while paving the way for its eventual full convertibility. ...

  4. Hedging service for yuan forward contracts mulled

    Posted Sep 27th 2005, 12:00am by Staff Reporter

    ... the reform of the renminbi exchange rate regime, small retailers, individuals and SMEs with business in China do have a need to hedge their exposures,' said Anita Fung Yuen-mei, chairman ...

  5. Wen says revaluation will be step-by-step

    Posted Jun 27th 2005, 12:00am by Cary Huang

    ... Cary Huang in Tianjin Premier Wen Jiabao yesterday ruled out an immediate appreciation of the yuan, saying Beijing will reform its currency regime gradually. Mr Wen's remarks- made in an address to the Sixth Asia-Europe Meeting of finance ministers i ...

  6. Money dealers shut up shop on the yuan

    Posted Jul 22nd 2005, 12:00am by Anita Lam

    ... are no longer worth that much. Buying renminbi is okay, but any selling of the currency will have to wait till tomorrow,' he said. He said he would not revise the rate until today, as he wanted ... or selling renminbi tonight will still be using the old rate,' said a dealer in Wan Chai. A manager at Man Fook Jewellery in Wan Chai welcomed the news. 'A stronger renminbi stimulates our ...

  7. Preserve our currency autonomy

    Posted Apr 14th 2005, 12:00am by Tony Latter

    ... if the renminbi appreciated against it. But, if Hong Kong prices, whether for goods and services or for assets such as property and shares, were then perceived to be low by international comparison, ... any adjustment against the US dollar by the renminbi. But why? And if it did so now, what would the strategy be further ahead? To hold a constant rate with the renminbi forever? That would ...

  8. Keys to change

    Posted Oct 13th 2005, 12:00am by Staff Reporter

    ... affairs liaison office and trade offices in Shanghai and Chengdu to strengthen ties with mainland DEVELOPMENT Central authorities to extend scope of renminbi business in Hong Kong Individual ...

  9. Lenders promote yuan hedging tools

    Posted Aug 19th 2005, 12:00am by Staff Reporter

    ... on future yuan movement. 'With the changes to the renminbi exchange rate regime introduced, we can expect to see the development of a renminbi forward market for risk management,' said ...

  10. What's happening and where

    Posted Jul 30th 2005, 12:00am by Staff Reporter

    ... news Beijing middle managers to let money for buying spree Beijing middle managers in six categories will be able to apply for a municipal award of up to 300,000 yuan a year to spend on an apartment, a car or professional training, according to the Beijin ...




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