• Wednesday
  • November 26, 2014
  • Last updated: 9:49pm
Hong Kong




Search Results

Results 1 - 10 of 29 for renminbi

Related topics matching your search

Search results

  1. Comment - Insight & Opinion

    Doors will open for Hong Kong businesses switching to renminbi trade

    Posted Apr 11th 2013, 12:00am by ALBERT CHAN

    ... Albert Chan Albert Chan looks at how HK businesses can open up new opportunities Lower costs, bigger market await the renminbi adopters The renminbi is reordering the global trade ... settled in renminbi last year. That portion is expected to rise to 30 per cent by 2015, and 50 per cent when it comes to trade with emerging markets. Under the most common current arrangement, ...

  2. 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 ...

  3. Comment - Insight & Opinion

    Goal of yuan convertibility within reach

    Posted Mar 27th 2013, 12:00am by QU HONGBIN

    ... Qu Hongbin Qu Hongbin expects the renminbi to be fully convertible in five years, not only because of the market's impressive growth so far but also, more importantly, because ... commodity producers have been caught in the country's powerful slipstream. This gravitational pull is not confined to purely economic developments. Thanks to the rise of the renminbi, the world ...

  4. Business - Economy - CURRENCIES

    China and UK in talks over London yuan clearing bank

    Posted Feb 20th 2014, 11:16am by Jeanny Yu

    ... banks. Watch: Britain seeks to boost yuan trading role: Osborne "The UK and Chinese governments are in active discussions about the appointment of a renminbi clearing bank in London," ... of choice in the world." Market watchers expect a clearing bank in London to seriously challenge Hong Kong's monopoly in this business. Most yuan- also known as renminbi- settlement orders ...

  5. Comment - Insight & Opinion - JAKE'S VIEW

    Domestic investors' confidence in redback counts more than foreigners'

    Posted Apr 07th 2013, 12:00am by Jake Van Der Kamp

    ... Jake van der Kamp Domestic investors' confidencein rising 'redback' is the key The pace of internationalisation of the "redback", as the renminbi is known by some, hasn't just taken off, it has soared. Qu Hongbin HSBC Greater China economist SCMP, March 27 I am one of the people who, in a small way, have helped this soaring take-off. I have personal ...

  6. Business - Economy - TRADE

    China not a currency manipulator, US says

    Posted Nov 28th 2012, 08:02am by Bloomberg

    ... officially known as the renminbi, and ended its peg to the US dollar in 2005, allowing the currency to become convertible for trade purposes, giving banks more freedom to set interest rates and allowing some foreign institutional investors access to the country’s stock and bond markets. “China’s overall trade deficit has come down while the renminbi has appreciated and is trading in both ...

  7. Bright idea

    Posted Mar 12th 2005, 12:00am by Staff Reporter

    ... Compiled by Vivian Wu Proposals that didn't make the headlines... yuan leaps over renminbi in convertibility stakes CPPCC delegate Wu Longzhang wants the nation's currency to be formally known as the Chinese yuan rather than renminbi. Mr Wu says it would help enhance the recognition and identity of the currency while paving the way for its eventual full convertibility. ...

  8. Comment - Insight & Opinion

    Time the US stopped bashing China's currency policy

    Posted Nov 28th 2012, 12:00am by BERND DEBUSMANN

    ... get-tough-on-China advocate of 2010, Paul Krugman. Back then, Krugman recently noted, "an undervalued renminbi was a significant drag on advanced economies, including the United States. Since ...

  9. Bank raises cash limit for travellers

    Posted Dec 03rd 2004, 12:00am by Staff Reporter

    ... Staff Reporter Ceiling on amount that can be taken in and out of country raised to 20,000 yuan Beijing will raise the ceiling on the amount of renminbi that can be taken in and out ... 1. It is the first time the bank has raised the limit in 11 years. Beijing imposed a ban on the export of renminbi in 1951. In 1987, citizens were allowed to take 200 yuan in and out ...

  10. Yuan gold trading debuts in HK

    Posted Oct 18th 2011, 12:00am

    ... a new alternative in leveraged trading of renminbi, which has been lacking until now,' said CGSE president Haywood Cheung. Individual investors can trade kilobar gold, which is priced ...




SCMP.com Account