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  1. Comment - Insight & Opinion

    The growth dividends of an international renminbi

    Posted Nov 08th 2012, 12:00am by YANG TAO

    ... economic growth Grow with the flow In terms of trade clearing, the renminbi has become a regional "hard" currency, and has a large and growing influence with neighbouring trade partners. Meanwhile, a number of Asian, African and Latin American countries already regard renminbi products as reserve assets. And, in addition to accelerating innovation in Hong Kong's offshore ...

    http://www.scmp.com/comment/insight-opinion/article/1077187/growth-dividends-international-renminbi
  2. Renminbi takes a major step towards acceptance

    Posted Feb 24th 2012, 12:00am

    ... Keith Chan The launch of Renminbi Qualified Foreign Institutional Investors (RQFII) funds in Hong Kong last month is seen as a major step towards transforming renminbi into an internationally accepted currency. It is expected to accelerate the pace of developing Hong Kong into the world's premier offshore renminbi centre. RQFII is one of a package of central government ...

    http://www.scmp.com/article/993512/renminbi-takes-major-step-towards-acceptance
  3. Renminbi bond interest shows threefold increase

    Posted Oct 02nd 2011, 12:00am

    ... Bo Leung Interest in renminbi bonds has soared as investors see an appreciation of the currency in the future. According to private bank UBS, the renminbi denominated asset represents about 2 per cent of their clients total assets, and the bank also expects this figure to reach 5 to 10 per cent. 'I believe one of the attractions of renminbi products is the expectation ...

    http://www.scmp.com/article/980715/renminbi-bond-interest-shows-threefold-increase
  4. Comment - Insight & Opinion

    Offshore yuan market gets into its stride

    Posted Aug 20th 2012, 12:00am by Donna Kwok

    ... The offshore renminbi market in Hong Kong has just turned two years old and the currency has made extraordinary strides. Since it took its first toddler steps in July 2010, the daily turnover in the offshore renminbi foreign exchange market has risen from essentially nothing to US$4billion, and one-tenth of China's trade is now settled in its home currency, up from 2per cent two years ...

    http://www.scmp.com/comment/insight-opinion/article/1018577/offshore-yuan-market-gets-its-stride
  5. 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 ...

    http://www.scmp.com/article/427761/battle-renminbi
  6. High interest in Hong Kong's new renminbi bank accounts

    Posted Feb 26th 2004, 12:00am by Carrie Chan

    ... Carrie Chan With the debate over patriotism raging, businessman Eddie Luk Ngai-ming yesterday expressed his love for his country in a different way: by opening a renminbi account at Bank of China headquarters. Yesterday was the first day that Hong Kong banks could offer their customers renminbi deposit accounts. But unlike most people who were attracted by higher interest rates ...

    http://www.scmp.com/article/445973/high-interest-hong-kongs-new-renminbi-bank-accounts
  7. Hong Kong as a trading post for the renminbi

    Posted Aug 25th 2003, 12:00am by Tony Latter

    ... When the world is eventually presented with a fully convertible renminbi - as it surely will be, although it is a bold person who predicts the timing - where is most financial business ... what can we make of the recent announcement that the central government has agreed to give preference to Hong Kong in the context of offshore renminbi business and to 'consider ...

    http://www.scmp.com/article/425795/hong-kong-trading-post-renminbi
  8. US Treasury team in capital for talks on revaluing renminbi

    Posted Feb 26th 2004, 12:00am by Staff Reporter

    ... Allen T. Cheng in Beijing US Treasury officials yesterday started two days of talks on the renminbi with representatives of the People's Bank of China. The visit by the six-member ... the renminbi, but he did get an agreement for the two sides to work together to reform China's financial and banking system so the currency can float in the future. 'This is a technical ...

    http://www.scmp.com/article/445952/us-treasury-team-capital-talks-revaluing-renminbi
  9. HK and China discussing greater role for Renminbi bonds

    Posted Aug 24th 2004, 12:00am by Andy Chen, Judy Ngao

    ... institutions to issue Renminbi bonds. Renminbi bonds are bonds issued in mainland currencies- Renminbi or yuan. Mr Tang said late on Monday the discussions focused on whether issuing the bonds would be beneficial to both sides. Local currency bond issues allow multinational companies and organisations to reduce currency risks and match their funding needs with sources of capital. The Renminbi bond ...

    http://www.scmp.com/article/467598/hk-and-china-discussing-greater-role-renminbi-bonds
  10. 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. ...

    http://www.scmp.com/article/664734/helping-hand

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