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  • September 17, 2014
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  1. Battle of the renminbi

    Posted Sep 13th 2003, 12:00am by Staff Reporter

    ... A bill has been introduced in the US Congress to impose economic sanctions on China if it refuses to revalue its currency, which is pegged to the US dollar. If the bill goes through, China's US$134 billion in exports to the US could suddenly face tariffs of nearly 30 per cent. The congressmen argue that China's renminbi exchange rate is artificially low and Chinese ...

  2. Helping hand

    Posted Dec 23rd 2008, 12:00am by Staff Reporter

    ... Beijing will further liberalise renminbi business in Hong Kong as part of a 14-point plan to help prop up the city's economy. What do you think of the central government's aid package? Write to us. ...

  3. Keys to change

    Posted Oct 13th 2005, 12:00am by Staff Reporter

    ... affairs liaison office and trade offices in Shanghai and Chengdu to strengthen ties with mainland DEVELOPMENT Central authorities to extend scope of renminbi business in Hong Kong Individual ...

  4. High praise for HK successes

    Posted Mar 07th 2011, 12:00am by Staff Reporter

    ... Maria Tam Wai-chu, deputy convenor of the Hong Kong delegation to the NPC, quoted Xi as saying. Xi cited the construction of major infrastructure, the issue of renminbi bonds and enhanced ... tensions between the Hong Kong's administration and legislature. Rita Fan Hsu Lai-tai, a Hong Kong representative on the NPC standing committee, told Xi Hong Kong should develop more renminbi ...

  5. Tsang has his hands full on return to spotlight

    Posted Mar 25th 2009, 12:00am by Ambrose Leung

    ... of contentious issues. Mr Tsang voiced concern about the latest medical blunders, denied Beijing's alleged interference in Hong Kong affairs and commented on the renminbi convertibility. ... session. After the press briefing, Mr Tsang spoke at a lunch hosted by Credit Suisse, during which the thorny issue of renminbi convertibility was discussed. He admitted full convertibility ...

  6. A diplomatic response

    Posted Oct 07th 2003, 12:00am by Staff Reporter

    ... China is standing firm against any loosening of exchange controls on the renminbi, regardless of protests by the United States and statements by other nations. China also remained surprisingly ...

  7. Central Bank governor in HK next week

    Posted Sep 09th 2003, 12:00am by Gary Cheung

    ... The central bank governor will meet monetary regulators in Hong Kong next week amid heated discussions on introducing renminbi deposit-taking services in the city. A spokesman for the Hong Kong Monetary Authority said Zhou Xiaochuan, governor of the People's Bank of China, was scheduled to deliver a keynote speech next Thursday on the country's financial reforms ...

  8. Economic concessions may not help Snow

    Posted Sep 05th 2003, 12:00am by Staff Reporter

    ... a revaluation of the yuan would hurt the US. 'If renminbi revalued 10 per cent, then the US would have to pay US$10 billion extra in import prices,' he said, referring to the fact that the US imports US$100 billion more from China than it exports, and the fact that US consumers have come to rely on cheap Chinese imports. 'If renminbi rose by 50 per cent, the US would have to pay ...

  9. News - Hong Kong - POLITICS

    'Anti-red' sentiment takes centre stage in Legco election for first time

    Posted Sep 08th 2012, 12:00am by TOMY CHEUNG

    ... at the central government's liaison office in 2010 that resulted in the passage of electoral reforms. The Democrats in turn dubbed People Power "Renminbi Power" following the disclosure ...

  10. Don't rely on state immunity to protect China in commercial transactions

    Posted Aug 05th 2011, 12:00am

    ... liabilities. How can it remain in the World Trade Organisation, in view of the state's role in so much business? How could the renminbi ever be a safe global currency, if Beijing holds itself ...




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