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  • November 24, 2014
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Results 1 - 7 of 7 for renminbi

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  1. Business - Banking & Finance - CURRENCY

    China doubles yuan trading range against the US dollar to 2 per cent

    Posted Mar 16th 2014, 05:01am by Victoria Ruan

    ... Victoria Ruan in Beijing victoria.ruan@scmp.com Currency will be allowed to move 2pc up or down in further liberalisation move Beijing doubles yuan trade band China's central bank has decided to double the daily trading band for the yuan against the ...

  2. Business - Economy - CURRENCY

    China, Britain central banks agree on currency swap line

    Posted Jun 23rd 2013, 01:22pm by Agence France-Presse in London

    ... People’s Bank of China. “The maximum value of the swap is 200 billion (yuan) renminbi (US$32.6 billion),” the BoE said in a statement. “The swap line may be used to promote bilateral trade between ... and the People’s Bank of China that this swap line has now been signed,” King said. “In the unlikely event that a generalised shortage of offshore renminbi liquidity emerges, the bank will have ...

  3. Business - Banking & Finance - CURRENCY

    Yuan tumbles to 11-month low, with fears it could fall further still

    Posted Mar 19th 2014, 11:52pm by Jeanny Yu

    ... more hawkish in its monetary policy, regardless of short-term pain to the economy or investors. "The PBOC set the mid-point rate for renminbi at weaker-than-expected levels in the past two trading days- they were not defending the renminbi as the market thought they would be," said Ju Wang, senior Asian FX strategist at HSBC. "We see more near-term weakness, ...

  4. Business - Economy - CURRENCY

    A strait yuan trade deal

    Posted Nov 01st 2012, 12:00am by Ralph Jennings

    ... as renminbi. Singapore, Malaysia and London are also trying to establish centres. "What has kick-started the issue of who could be next is clearly a function of Taiwan" emerging as a yuan settlement centre, said Paul Mackel, Asian currency research head with HSBC in Hong Kong. "So, we need to get set for more offshore renminbi centres eventually being announced. More offshore ...

  5. Business - Banking & Finance - CURRENCY

    London jumps queue in race to be yuan hub

    Posted Oct 15th 2013, 05:13pm by PHOENIX KWONG

    ... to grant London-based institutional investors an 80 billion yuan quota to invest in stocks. They will be able to apply for licences to invest yuan directly into the mainland under its renminbi ...

  6. Business - Economy - CURRENCY

    China rebuts US claim that the yuan is still significantly undervalued

    Posted Nov 29th 2012, 12:00am by AFP

    ... to lead to Washington issuing sanctions, risking a trade war between the world's top two economies. But the Treasury avoided that, although it said that the rise of the yuan, or renminbi ...

  7. Business - Money - CURRENCY

    Yuan investments

    Posted Oct 29th 2012, 12:00am by Jasper Moiseiwitsch

    ... banks have had to compete for yuan [and so have] increased the deposit rates." Meanwhile, mainland regulators announced in December last year the renminbi qualified foreign institutional ...



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