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  • August 30, 2014
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Results 1 - 10 of 10 for renminbi

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  1. 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 ...

  2. Burning issue

    Posted Oct 13th 2011, 12:00am

    ... for by regular trade alone. I suspect much of it can be explained by people abandoning the Hong Kong dollar and opting for renminbi assets via underground channels in southern Guangdong. So, I say, ... printing presses? When can we finally be rid of the Hong Kong dollar and use the renminbi instead? Adopting the renminbi as the official currency in Hong Kong has many other benefits, aside from ...

  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. 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 ...

  5. Hong Kong's US dollar peg remains the least of all evils

    Posted Oct 21st 2011, 12:00am

    ... say 'link to the renminbi', but the mainland currency itself is pegged, and it is unlikely to be fully, freely convertible for many years. I can see the logic of adopting the renminbi one day when the mainland has opened up and we have integrated with it. But we can probably leave that option for the next generation. Others say we should peg to a basket of currencies. ...

  6. Wages and currency gains eat into profit at Vtech

    Posted Nov 17th 2011, 12:00am

    ... materials prices were compounded by further wage increases in China and renminbi appreciation. These factors pressured gross margin and resulted in lower profit,' management said yesterday ...

  7. Asian currency rally may buoy exports

    Posted Sep 23rd 2003, 12:00am by Kelvin Chan

    ... of Seven meeting were interpreted as support for US demands for a revaluation of the renminbi. The yen yesterday hit a 33-month high against the greenback, while the South Korean won rose to its ...

  8. For a few dollars more: the cowboy money changers

    Posted Aug 07th 2011, 12:00am

    ... transactions, and 11 failed to provide a formal receipt- even when requested to do so. Herng Fong, which is located in a row of money changers near Wan Chai MTR station, displays its Renminbi purchasing ...

  9. Inflated fears

    Posted Mar 02nd 2011, 12:00am by Frank Ching

    ... dollar weakens, it drags the local currency down while the renminbi strengthens. Since the mainland accounts for much of Hong Kong's food imports, the appreciation of the Chinese currency ...

  10. Getting ready to live with a stronger yuan

    Posted May 03rd 2010, 12:00am by Frank Ching

    ... heightening the role of the renminbi through such steps as offering yuan-denominated loans as well as using national currencies in mutual settlements. There is little doubt that, in the long run, ...



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