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  1. Party policies praised

    Posted Feb 20th 2010, 12:00am by Staff Reporter

    ... A translation of the first verse of Party Policies are Yakexi, which featured in CCTV's Spring Fesitval Gala. I, Maimaiti, am full of joy With my donkey I am going to the city Brand new bank notes are on my shoulder [My bag] is filled with renminbi What is yakexi [very good]? What is yakexi? The party policies are yakexi. ...

  2. They can't print money fast enough, the price hounds cry

    Posted Dec 18th 2010, 12:00am by Minnie Chan

    ... didn't have enough note codes for the renminbi, and now we lack workers to print banknotes,' one internet user wrote on 163.com. Another pleaded: 'God, please help me! House prices ...

  3. Partner or parasite? Time for Hong Kong to choose

    Posted Sep 25th 2010, 12:00am by Shirley Yam

    ... with Shirley Yam Never before has a chief executive of the Hong Kong stock exchange written an open letter, especially on mainland policy. Yet, this week Charles Li Xiaojia did exactly that. In a 10,000-word Chinese-language piece posted on the HKEx website titled 'Six Questions Regarding the Internationalisation of the Renminbi (yuan)', he outlines some key issues ...

  4. Trading in yuan open to more provinces

    Posted Jun 23rd 2010, 12:00am by Sophie Yu

    ... the renminbi, the first step is to turn it into a trade currency,' Xiang said. 'Then you make it a finance currency, allowing other countries to buy stocks and bonds in yuan. Only when other ... Authority chief executive Norman Chan Tak-lam said: 'With our established renminbi financial infrastructure and clearing arrangement, Hong Kong is well positioned to serve the greater scope ...

  5. HK to lead, says Guangdong chief

    Posted Sep 17th 2010, 12:00am by Paggie Leung

    ... be unlimited. 'A large amount of enterprises in Guangdong are funded by capital from Hong Kong,' he said. 'Therefore, there are more opportunities for co-operation on [renminbi] settlement and clearing, particularly because Hong Kong now has stronger ability in renminbi financing and settlement and most clients of these services are enterprises in Guangdong.' He said ...

  6. Staff widen skill sets for yuan products

    Posted Aug 28th 2010, 12:00am by John Cremer

    ... John Cremer Trade officials and electioneering senators in the United States have their sights fixed firmly on the renminbi- and they're not alone. Hong Kong investors are also taking ... Francesca McDonagh, HSBC's head of personal financial services in Hong Kong. 'There is a lot of interest and talk about the renminbi among our customers, driven by the more recent ...

  7. Ex-PBOC official to advise monetary authority

    Posted Apr 24th 2010, 12:00am by Staff Reporter

    ... Mu Huaipeng, a senior People's Bank of China official, is to leave his post to become an adviser to the Hong Kong Monetary Authority. The authority did not confirm Mu's appointment but said having expert advice on developing Hong Kong's renminbi business would help its work. Mu said he would start work for the HKMA soon. ...

  8. Local banks seek northern exposure

    Posted Sep 18th 2010, 12:00am by John Cremer

    ... Hang to do 'practically everything' that a retail bank based there can do. The real excitement, though, now centres on prospects for offshore renminbi business and the extent to which it will become available for transactions outside the mainland, particularly since it is still not fully convertible. 'I'm sure this year, the offshore renminbi will be a topic of particular ...

  9. Quota shock proves that HK's yuan market is not free of risk

    Posted Nov 02nd 2010, 12:00am by Tom Holland

    ... with Tom Holland Players in Hong Kong's fast-growing offshore market for China's currency got a rude shock last week. On Thursday evening, the Hong Kong Monetary Authority announced that Bank of China (Hong Kong), appointed as the city's so ...

  10. Hong Kong bankers face long wait to fully appreciate yuan

    Posted Jul 23rd 2010, 12:00am by Tom Holland

    ... blathered about an agreement 'to strengthen co-operation and further promote Hong Kong's status and role as a renminbi market platform'. In reality, however, the latest deal ...




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