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  • November 28, 2014
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  1. Comment - Insight & Opinion

    Hong Kong must prepare itself for the age of the renminbi

    Posted Nov 27th 2014, 05:41pm by ALEXA LAM

    ... Alexa Lam Alexa Lam says Hong Kong must adapt to the mainland's concerted drive to internationalise the renminbi, so as to retain a key role in China's financial development amid greater competition Yuan dynasty The launch of the Shanghai-Hong Kong Stock Connect pilot programme is another important step in the renminbi's journey to internationalisation. Together ...

  2. Comment - Insight & Opinion

    Economic reforms alone won't put the renminbi in the dollar's league

    Posted May 19th 2014, 02:32am by ESWAR PRASAD

    ... Eswar Prasad Eswar Prasad says China needs credible political and legal systems to build its currency's strength Economic reforms alone won't put renminbi in the US dollar's league Scarcely a week passes without news about the ascendance of the renminbi. But China has a long way to go before its currency can rival- let alone displace- the US dollar as the dominant ...

  3. Comment - Insight & Opinion

    Direct conversion between yuan and euro is on the way

    Posted May 13th 2014, 07:23pm by G. BIN ZHAO

    ... liberalisation Direct conversion between the renminbi and the yen, which began about two years ago, has been an important milestone in the process of internationalising the Chinese currency. Although there has been a lot of progress towards the free conversion of the renminbi over the past two years, the outcome has yet to meet market expectations. Direct exchange with major Western currencies ...

  4. Comment - Insight & Opinion

    March of renminbi as global currency has passed the point of no return

    Posted May 06th 2014, 05:15pm by CARMEN LING

    ... Will renminbi internationalisation flop? What if China grinds everything to a halt? These were questions raised by clients during my recent roadshow in Europe. In contrast to the upbeat spirit ... it's clear that renminbi internationalisation is a one-way train, and the question is its speed, not direction. Political push is one of the four key elements needed to take a currency global, ...

  5. Comment - Insight & Opinion

    Renminbi's volatility simply growing pains of emerging international role

    Posted Apr 28th 2014, 04:03am by DAN STEINBOCK

    ... in international finance No pain, no gain The recent volatility of the renminbi does not herald its weakening, but the increasing opening of the currency and still another milestone in its international ... extensive and deepest reforms in three decades, it finds itself penalised, not rewarded, in the West. In reality, the renminbi's volatility did not come out of the blue; nor was it the result ...

  6. Comment - Insight & Opinion

    Price volatility signals the yuan is closer to becoming a global currency

    Posted May 05th 2014, 03:01am by GORDON FRENCH

    ... The recent dip in the value of the Chinese currency surprised many in the markets, but it shouldn't have. The renminbi occupies a position all of its own: it might be the key accessing the world's most dynamic large economy but it is also protected with exchange and capital controls. Despite this, the renminbi's similarities to other global currencies- the dollar, the euro, ...

  7. Comment - Insight & Opinion

    Hong Kong's unique edge will see it flourish as an offshore renminbi hub

    Posted Feb 18th 2014, 06:19pm by Norman Chan

    ... Norman Chan Norman Chan says that, while there's no room for complacency, Hong Kong should not feel threatened by the rise of renminbi business elsewhere, given its distinct ... with my colleagues a decade ago. Next week marks the 10th anniversary of the launch of renminbi banking business in Hong Kong. While conducting currency exchanges and investment in renminbi ...

  8. Business - Banking & Finance - MONITOR

    Four reasons the yuan will struggle to gain acceptance

    Posted Feb 06th 2014, 04:24am by Tom Holland

    ... Tom Holland Open and well-regulated markets, transparent governance and solid banking system needed for Chinese currency’s rise to dominance Four reasons the yuan will struggle to gain acceptance Talk to financiers in Hong Kong and you will get the impres ...

  9. Comment - Insight & Opinion

    Relaxing yuan conversion limit can boost Hong Kong's role in offshore investment

    Posted Dec 16th 2013, 03:45am by DIANA CESAR

    ... Diana Cesar Diana Cesar says move will buoy investors and boost currency's status Relaxing yuan-conversion limit can enhance HK's offshore role The renminbi is well on its way to becoming an international currency. Hong Kong has developed the largest renminbi offshore liquidity pool with retail deposits and cross-border trade settlement and is demonstrating sustainable ...

  10. Business - Banking & Finance - JAKE'S VIEW

    Swift too quick to hail yuan as a major currency in trade finance

    Posted Dec 05th 2013, 06:00am by Jake Van Der Kamp

    ... a little over the top these days with its unending chorus of "Rah, Rah, Renminbi". Take chief cheerleader Anita Fung Yuen-mei, of HSBC, for instance. We had her in this newspaper again ...




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