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  • September 24, 2014
  • Last updated: 1:48am
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Results 1 - 8 of 8 for renminbi

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  1. Business - Banking & Finance - FINANCE

    Bitcoin value tumbles after BTC China exchange blocks renminbi deposits

    Posted Dec 18th 2013, 06:13am by DANNY LEE, Angela Meng and Amy Nip

    ... using virtual money Bitcoin hit by Beijing ban on clearing Bitcoin prices have gone into freefall after Shanghai-based exchange BTC China yesterday blocked renminbi deposits, sparking a major ... a bitcoin exchange in China, legally, and we're still allowing people to deposit and withdraw bitcoin and withdraw renminbi." Mainland investors rushed to sell off their rapidly ...

  2. Business - Banking & Finance - FINANCE

    Taiwan to renegotiate deal on yuan investment quota

    Posted Jul 12th 2014, 12:52am by BLOOM

    ... representatives in September to negotiate for a renminbi qualified foreign institutional investor quota for Taiwan, FSC Deputy Minister Jennifer Wang said. The mainland is expected to seek a new set ...

  3. Business - Banking & Finance - FINANCE

    Hong Kong Monetary Authority chief pledges support for US dollar peg

    Posted Jul 07th 2014, 11:27pm by Enoch Yiu

    ... exceed one trillion yuan, while the value of cross-border trade settlements exceeded 3.8 trillion yuan last year. "This is in addition to a growing range of renminbi financial intermediation ...

  4. Business - Banking & Finance - FINANCE

    Banking chief Benjamin Hung warns of 'turning point' in interest rates

    Posted Jan 02nd 2013, 12:00am by Ray Chan

    ... this year was to strengthen Hong Kong's position as the top offshore renminbi business centre, part of a continuing attempt to promote the use of the Chinese currency internationally. "Lenders in Hong Kong will continue to improve the width, depth, and quality of the offshore renminbi business, such as trade settlement, investment, the capital pool and the adoption of reserve ...

  5. News - China - FINANCE

    Chief regulator Guo Shuqing tipped as Shandong governor

    Posted Mar 13th 2013, 12:00am by Daniel Ren

    ... changes introduced under Guo recently was the raising of the quota for the renminbi qualified foreign institutional investor (RQFII) scheme from 70 billion yuan (HK$86.5 billion) to 270 billion yuan. It is a move that will attract capital inflows to the A-share market, while giving Hong Kong institutions a wider access to yuan-denominated A shares by raising offshore renminbi funds ...

  6. Business - Banking & Finance - FINANCE

    CCB offers yuan bonds in London

    Posted Nov 03rd 2012, 12:00am by PHOENIX KWONG

    ... by Fitch Ratings, which is rating the bonds, said yesterday. All funds raised will be used to develop CCB's offshore renminbi business and for other general corporate purposes, Fitch said. ... Investors Service, said CCB's bond issue is symbolic of the mainland stepping efforts to internationalise the renminbi. "This is a sign that the mainland hopes more yuan-denominated ...

  7. News - Hong Kong - FINANCE

    Hong Kong trumps Singapore in yuan hub race with Hopewell IPO

    Posted Oct 25th 2012, 12:00am by Ray Chan

    ... counters but the renminbi shares would be fully convertible to Hong Kong dollar-denominated shares, according to a term sheet obtained by the South China Morning Post . Hopewell is set to offer ...

  8. Business - Banking & Finance - FINANCE

    London pushes ahead with yuan ambitions

    Posted Dec 03rd 2012, 12:00am by Enoch Yiu

    ... the yuan into an international currency. "While we are not sure when the renminbi will be fully convertible, the direction seems irreversible," he said. The offshore yuan market has been ...



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