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  1. Helping hand

    Posted Dec 23rd 2008, 12:00am by Staff Reporter

    ... Beijing will further liberalise renminbi business in Hong Kong as part of a 14-point plan to help prop up the city's economy. What do you think of the central government's aid package? Write to us. ...

  2. Region's trading firms invited to use yuan

    Posted Dec 25th 2008, 12:00am by Staff Reporter

    ... Jane Cai and Maria Chan Big renminbi business expansion includes HK Companies in Hong Kong and Macau will be allowed to use yuan to settle trade in goods with partners in Guangdong ... of the currency to settle trade with neighbouring countries. On December 16, central bank governor Zhou Xiaochuan said it was ready to implement measures to expand renminbi business in Hong Kong, ...

  3. Yuan for the taking

    Posted Sep 16th 2008, 12:00am by Andrea Pawlyna

    ... Andrea Pawlyna The renminbi has steadily appreciated and, while analysts urge investors to be cautious, it is undervalued and there may soon be a one-off revaluation Buying yuan may ... to professionals - are hoping to profit from the renminbi. What lies ahead for the yuan? The consensus is that it is headed for a period of uncertainty. For the next year, most see the yuan levelling off ...

  4. Exporters to get US$3b VAT rebates

    Posted Aug 08th 2008, 12:00am by Denise Tsang

    ... economist Wang Qing does not believe a yuan depreciation is on the cards in the face of strong headwinds from overseas demand. 'Hoping for renminbi depreciation is wishful thinking,' Mr ...

  5. Central bank denies more bills on the way

    Posted Jul 16th 2008, 12:00am by Staff Reporter

    ... Woods Lee The People's Bank of China - the central bank - yesterday declined to confirm whether there were plans to issue 60 million 10-yuan Olympic souvenir banknotes following last week's commemorative release. 'I'm unaware of such a ...

  6. Spending power

    Posted Nov 19th 2008, 12:00am by Staff Reporter

    ... demand for an alternative to the renminbi. In a bid to amass foreign currency while preventing foreigners taking yuan out of the country, the State Council in August 1980 authorised the Bank ...

  7. Slow down the yuan, says analyst

    Posted Feb 22nd 2008, 12:00am by Tom Miller

    ... to the weakening pressure on the renminbi to appreciate, together with the continued presence of asset price inflation, it is necessary to reduce the speed of yuan appreciation and to widen the yuan's ...

  8. BOC to issue special banknote for HK

    Posted Jul 11th 2008, 12:00am by Dennis Eng

    ... Dennis Eng Hong Kong will get its very own commemorative banknote for next month's Olympic Games because it is hosting the equestrian events, Bank of China (Hong Kong) said yesterday. It plans to announce the details this afternoon. The new notes are ...

  9. Yuan's strength reaches only so far

    Posted Apr 14th 2008, 12:00am by Jake Van Der Kamp

    ... with Jake van der Kamp 'While all Asian currencies bar the South Korean won gained yesterday, the focus was on the yuan's historic breakthrough.' SCMP headline, April 11 History is very short, I see. The yuan was stronger than six to the US ...

  10. Central bank ready to expand HK yuan trade

    Posted Dec 17th 2008, 12:00am by Staff Reporter

    ... Jane Cai, Fanny W. Y. Fung and Maria Chan Tsang will discuss renminbi business in Beijing The mainland's central bank says it is ready to implement measures to expand renminbi ... risks as its exchange rate fluctuated, he said the mainland had recently conducted a lot of research on expanding the use of the renminbi in Hong Kong and the possibility of currency swaps ...




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