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  • July 24, 2014
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Results 1 - 10 of 14 for renminbi

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  1. Renminbi peg for Hong Kong dollar 'is worth considering'

    Posted Aug 28th 2003, 12:00am by Kelvin Chan

    ... Switching the Hong Kong dollar's peg from the US dollar to the renminbi is the only alternative worth considering, one of the original architects of Hong Kong's currency system ... School of Economics, he said: 'I think the choice is either a renminbi peg or a dollar peg.' A renminbi peg was an option because the Hong Kong and mainland economies were now so ...

  2. Currency intervention will continue

    Posted Nov 21st 2003, 12:00am by Kelvin Chan

    ... attempt to weaken the local currency. He also discussed the recent imposition of import quotas by the US and relaxed regulations on the use of renminbi in Hong Kong. 'The credibility ... after a speech to members of the Indian Chamber of Commerce, when he said new measures announced this week did not mean the renminbi was slated to become the city's currency. The measures ...

  3. Pegged out?- John Gong

    Posted Jun 15th 2012, 12:00am

    ... outflows to the north as people dump Hong Kong dollars in droves in favour of renminbi assets. Yam rightfully points out this dilemma and suggests that the goal of growth and jobs should precede ... a look at any graph that plots the Hong Kong dollar's movement against the renminbi for the past 10 years. It looks like a perfect slope for downhill skiing. Talk to people on the street, ...

  4. Hong Kong's current attraction to the yuan may only be fleeting

    Posted Apr 21st 2011, 12:00am

    ... with Jake van der Kamp While the Hui Xian reit's IPO marks a historic milestone in China's march towards making its currency a bigger player in the global financial system, it is also an experiment... If it is successful, it will cement Hong Kon ...

  5. Fake yuan warning as Christmas approaches

    Posted Dec 07th 2007, 12:00am by Clifford Lo

    ... the volume of renminbi banknotes flowing into the Hong Kong banking system has immensely increased, it is not surprising to find that the number of counterfeit renminbi has surged,' a police ...

  6. HK's circumstances have not altered enough to invalidate peg to US dollar

    Posted Jun 16th 2012, 12:00am

    ... circumstances have not altered enough to invalidate that support. In 2047, the Hong Kong dollar will inevitably be fused with the renminbi. Many expect it to happen sooner. Whether it does should depend on the timing of full renminbi convertibility, the People's Bank's record in conducting monetary policy, and the degree of structural convergence between the two economies. One cannot entirely ...

  7. 'Rock-solid' banknote scam foiled

    Posted Jan 27th 2012, 12:00am

    ... counterfeit Hong Kong notes are found for every one million genuine notes. Police seized 4,542 bogus renminbi banknotes last year- down 927 from the year before. Cheng said the drop was due ...

  8. Yuan hits highest level with US dollar

    Posted Dec 30th 2006, 12:00am by Staff Reporter

    ... Maria Chan Mainland currency a shave away from Hong Kong parity The yuan rose to its highest level against the US dollar yesterday, bringing it close to parity with the Hong Kong dollar. The yuan reached 7.8051 to the US dollar in late afternoon trade, ju ...

  9. The high costs of our link to the greenback

    Posted Nov 22nd 2010, 12:00am by Frank Ching

    ... the US dollar peg and peg the Hong Kong dollar to the renminbi. But, as has been pointed out, this cannot be done until the Chinese currency is totally convertible. Yet, this doesn't mean there is nothing Hong Kong can do. Instead, it could change the peg from the US dollar to a basket of currencies, which will include the dollar, the renminbi, the euro, sterling as well as other ...

  10. Big bridge's financing risky, warn experts

    Posted Jan 31st 2009, 12:00am by Chloe Lai

    ... the risks involved and the benefits. They should not have made the decision behind closed doors. 'Borrowing in renminbi is more risky than in Hong Kong dollars because the yuan will appreciate in the long run... [and] it is very likely they will spend more on interest because of borrowing in renminbi.' Zheng Tianxiang, a professor of the Hong Kong and Macau Research Institute at Sun ...




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