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  • November 28, 2014
  • Last updated: 8:32pm
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Results 1 - 10 of 56 for renminbi

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  1. Business - Banking & Finance - CURRENCIES

    Swift says 15 more countries now using yuan to settle over 10pc of trades with mainland, Hong Kong

    Posted Nov 26th 2014, 11:11am by Jeanny Yu

    ... by Swift in measuring the weight of yuan or renminbi payments with Hong Kong and the mainland compared with other currencies. "This is a good sign for [yuan] adoption rates ... a yuan hub in Vancouver and Toronto. Beijing has been encouraging trade and investment in yuan through currency-swap agreements and the renminbi qualified foreign institutional investor scheme. ...

  2. Business - Economy - CURRENCIES

    British Columbia eyes yuan hub as China trade grows

    Posted Nov 24th 2014, 03:57am by Jeanny Yu

    ... of Vancouver as the top offshore yuan hub in North America- alongside Toronto- on the back of a fresh currency swap and the renminbi qualified foreign institutional investor quota that Canada has just ...

  3. Business - Banking & Finance - CURRENCIES

    Banks raise offshore yuan deposit rates ahead of through train scheme

    Posted Nov 05th 2014, 03:21am by Jeanny Yu

    ... of short-term costs in order to attract more new clients or encourage existing clients to open yuan accounts to buy renminbi-related products." Some banks are even setting deposit rates higher than ... rate of 5 per cent. "Unless banks in Hong Kong are offering renminbi on margin financing, I don't think they will need extra short-term yuan," said Jim Antos, banking analyst ...

  4. Business - Banking & Finance - CURRENCIES

    Hong Kong yuan business boosted by banks' appointments as liquidity providers

    Posted Nov 04th 2014, 05:37am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Banks offered repo line to grow market-making activities for their offshore renminbi products HK yuan business boosted by banks' appointments Seven banks ... As a primary liquidity provider, a bank will have to be "committed to using and developing Hong Kong as the global platform for supporting their offshore renminbi businesses", the HKMA said. ...

  5. Business - Economy - CURRENCIES

    Yuan milestone as onshore direct trade with Singapore dollar starts

    Posted Oct 28th 2014, 05:42am by Jeanny Yu

    ... of forward contract payments in the future at specified prices. The three contracts can be used for different hedging purposes. "Direct trading between renminbi and Singapore dollar reflects the acceleration of renminbi internationalisation, as well as its growing prominence in global currency markets," said Ryan Song, head of markets for China at HSBC, which was picked as one ...

  6. Business - Banking & Finance - CURRENCIES

    China’s overseas investment schemes set to boost yuan

    Posted Oct 27th 2014, 02:59pm by Reuters

    ... is designing [renminbi qualified domestic institutional investor] and QDII2 schemes to enable investment in offshore markets," said Wang Dan, deputy director general in the monetary policy ... cheaper in offshore markets. As an example of foreign investor interest in onshore yuan assets, the 270 billion yuan renminbi qualified foreign institutional investor quota granted to Hong Kong ...

  7. Business - Money - CURRENCIES

    European renminbi payments double, with Britain and Germany leading way

    Posted Aug 27th 2014, 09:28am by Jeanny Yu

    ... liberalisation programme to deepen their commercial relationships in the world's second-largest economy," said Vina Cheung, HSBC Holdings' global head of renminbi internationalisation, ... and Frankfurt were each awarded 80 billion yuan (HK$100.6 billion) of investment quota under the renminbi qualified foreign institutional investor scheme, which allows eligible foreign investors to buy ...

  8. Business - Banking & Finance - CURRENCIES

    Mainland Chinese banks eye Luxembourg as euro zone hub

    Posted Oct 06th 2014, 04:10am by Toh Han Shih

    ... will boost Luxembourg's role as a renminbi hub, said Nicolas Mackel, chief executive of Luxembourg for Finance, the agency responsible for promoting Luxembourg as a financial centre. "This decision will encourage investors who use the euro as a base currency to directly trade in renminbi, since it will lower transaction costs. Thus, RMB business volumes in European RMB centres ...

  9. Business - Banking & Finance - CURRENCIES

    Yuan trade settlement value declines by 12pc in July

    Posted Aug 16th 2014, 01:06am by Jeanny Yu

    ... the currency- also known as renminbi- is back on a steady appreciation track. "Corporates often choose to settle in renminbi if the currency is appreciating. Although the renminbi bounced back ... International, blamed the decline on seasonal factors: "Cross-border renminbi settlement is a relatively young business. Banks would want a nice figure in this sector on their half-yearly balance ...

  10. Business - Economy - CURRENCIES

    Beijing's political ties crucial to liberalising the yuan

    Posted Oct 13th 2014, 04:13am by Jeanny Yu

    ... an agreement with Beijing to set up the first yuan clearing bank in Europe; Paris announced that it was granted access to the renminbi qualified foreign institutional investor (RQFII) scheme ...




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