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  • July 23, 2014
  • Last updated: 3:06am
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  1. Business - Banking & Finance - CURRENCIES

    Yuan to trade directly with UK pound

    Posted Jun 19th 2014, 12:55am by Jeanny Yu

    ... of the renminbi, which would prompt corporates to hedge their yuan exposure," he said. London is the second-biggest yuan foreign exchange centre with nearly 20 per cent of the market, while Hong Kong ... transparent pricing that will facilitate the adoption of the renminbi for investment purposes," said Evan Goldstein, Deutsche Bank global head of renminbi services. Britain is China's 12th ...

  2. Business - Banking & Finance - CURRENCIES

    New Zealand-China currency deal to boost bilateral investments

    Posted Mar 26th 2014, 05:29am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Direct conversion between the kiwi and the yuan will further encourage bilateral investments beyond dairy products to health care and aviation NZ-China deal to boost trade The recent deal with China to allow direct trading bet ...

  3. Business - Banking & Finance - CURRENCIES

    Yuan deposit growth to 'maintain last year's momentum', says BOCHK

    Posted Feb 12th 2014, 12:50am by Jeanny Yu and Kanis Li

    ... Jeanny Yu and Kanis Li Yuan seen maintaining growth momentum Bank of China (Hong Kong) expects the city's yuan deposits to keep growing despite capital outflow risks, reaching 1.16 trillion yuan (HK$1.48 trillion) by the end of this year, driven by t ...

  4. Business - Banking & Finance - CURRENCIES

    U.K. ready to create bank for yuan deals

    Posted Nov 14th 2013, 03:09am by BLOOM

    ... the yuan and the British pound. China also approved an 80 billion yuan (HK$101 billion) quota for financial institutions in London to invest in China's domestic securities under the renminbi ... banks, Salmon told the Conference on the Future of Renminbi in the Global Financial Markets, organised by City & Financial. "It's part of a broader policy." In June, the Bank ...

  5. Business - Economy - CURRENCIES

    U.S. complains about yuan, lashes Germany

    Posted Oct 31st 2013, 11:47am by AP

    ... Associated Press in Washington Washington again stops short of accusing Beijing of manipulating its currency but criticises Berlin for running large trade surpluses U.S. raises concerns over yuan weakness The US government has raised concerns about the va ...

  6. Business - Banking & Finance - CURRENCIES

    Stronger yuan deters buyers at Canton Fair

    Posted Oct 17th 2013, 12:00am by Charlotte So

    ... Charlotte So in Guangzhou charlotte.so@scmp.com Key event provides a gauge on traders' view of impact of the trend, with many bracing for the currency to appreciate past 6 to the US dollar Stronger yuan deters buyers at Canton Fair Many buyers and ex ...

  7. Business - Economy - CURRENCIES

    Yuan strength raising market expectations

    Posted Oct 15th 2013, 02:07pm by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Beijing has let currency hit record highs against US dollar, suggesting more liberalisation to come Yuan strength raising market expectations Beijing has allowed the yuan to hit record highs against the US dollar repeatedly ov ...

  8. Business - Banking & Finance - CURRENCIES

    Britain and Beijing in talks about yuan quotas

    Posted Sep 28th 2013, 12:00am by Jeanny Yu

    ... to globalise its currency, China has been developing an offshore yuan market to give global firms, banks and asset managers entry into its domestic market. Its renminbi qualified institutional investor ...

  9. Business - Banking & Finance - CURRENCIES

    Yuan reserves included in reserves portfolio

    Posted Oct 02nd 2013, 03:15pm by Reuters

    ... Reuters in Taipei Yuan reserves included in reserves portfolio Taiwan's central bank is holding yuan in its foreign exchange reserves portfolio, governor Perng Fai-nan said yesterday in recognition of the growing globalisation of the yuan and the imp ...

  10. Business - Banking & Finance - CURRENCIES

    Yuan seen taking fourth spot in global use by 2020

    Posted Sep 10th 2013, 12:00am by Jeanny Yu

    ... Jeanny Yu jeanny.@scmp.com Trade settlements in the mainland currency would increase to US$3 trillion, economist says Yuan seen taking fourth spot in global use by 2020 The yuan is expected to become the fourth most used currency in global trade by 2020, ...




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