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  • November 25, 2014
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  1. Comment - Insight & Opinion

    Does democracy matter for renminbi success?

    Posted Oct 17th 2012, 12:00am by BARRY EICHENGREEN

    ... Barry Eichengreen Barry Eichengreen says at the least, China needs a more rules-based, transparent bureaucracy Does democracy matter for renminbi success? China has unveiled its first ... on the international stage. In carving out a global role for the renminbi, Chinese policymakers are proceeding deliberately. So, will China's plan succeed? The answer, in my view, turns on how China ...

  2. Desire for stability at heart of renminbi's foundation

    Posted Oct 20th 2011, 12:00am

    ... Ed Zhang ed.zhang@scmp.com The history of how the renminbi came to be China's official currency is a telling example of why the leaders in Beijing, even today, strive so hard ... was known in Putonghua as 'renminbi'. From the first day it was issued, the goal of the currency, as defined by the bank, was to ensure stability. But that stability didn't come ...

  3. Yuan currency, two systems. Time to ditch 'foreign renminbi'

    Posted Mar 26th 2011, 12:00am by Shirley Yam

    ... with Shirley Yam Does China consider the renminbi traded in Hong Kong and overseas a domestic currency or a foreign one? I ask this question- academic, if not incomprehensible, to some- ... of power, naming a thing is always important because it will determine who has a say on it and who cares about it. Ever since the launch of the internationalisation campaign in 2009, renminbi ...

  4. Banking on a convergence of talent

    Posted Oct 01st 2011, 12:00am

    ... Hilda Poon China's longer-term internationalisation and full convertibility of its currency have spurred the money market in Hong Kong so much that deposits in Chinese renminbi have grown exponentially over the few past years. As a result, the city's banking industry is bullish on the growing business opportunities from renminbi deals, which is good news ...

  5. Smaller firms tipped to win from open yuan trade

    Posted Mar 12th 2012, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com Beijing's latest move to relax yuan trade settlement rules will help smaller businesses use the currency to settle cross-border trades, but it's unlikely to lead to a big boost in volume. The People's Bank of Ch ...

  6. Yuan picks up speed in unlocking door to world

    Posted Jul 09th 2011, 12:00am

    ... to buy and sell yuan, also known as the renminbi. Beijing entered into some so-called swap agreements with foreign central banks in late 2008, flagging a bigger role for the currency in world ... with the development of the nation's currency. 'There is no doubt that the renminbi is well on its way to becoming a major international currency,' said Arthur Kroeber, managing director ...

  7. Indian bank to open two more branches in China

    Posted Mar 07th 2012, 12:00am

    ... presence with 172 outlets in 34 countries. Contractor said a few Indian companies were now settling trade deals with their Chinese partners in renminbi after Beijing unveiled its ambitions to internationalise the currency. 'We are encouraging our customers to use renminbi for trade settlement,' Chaudhuri said. 'But I think it might take a little longer for renminbi to receive ...

  8. Yuan?already starting to appreciate?

    Posted Apr 26th 2006, 12:00am by Staff Reporter

    ... STAFF REPORTER Updated at 6.33pm: Chief Executive Donald Tsang Yam-kuen on Wednesday said China?s currency, the yuan, was already starting to appreciate.?The appreciation of renminbi [or yuan] is taking place steadily,? he said.?I am sure the move is a way in which the mainland authority is going to produce a steady progress of the market as the market matures in the mainland,? ...

  9. Mother Miriam loses sleep as Torres makes his debut at Adventist

    Posted Jun 12th 2012, 12:00am

    ... Vivian Chen Canto-pop star Miriam Yeung Chin-wah and husband Real Ting Chi-ko have named their new baby after Ting's favourite footballer, Chelsea striker Fernando Torres. He had been nicknamed RMB (short for Real-Miriam-Baby and renminbi) until they could decide on a name. Yeung and baby, born by Caesarean section at the Adventist Hospital on Tuesday last week, are now at home. ...

  10. Business - Money - REGULATION

    China stocks set to be cleared for Hong Kong investors

    Posted Mar 08th 2013, 12:00am by Daniel Ren

    ... Authority said it would keep in close contact with the mainland regulators to develop yuan businesses. The China Securities Regulatory Commission published a new rule governing the renminbi ... in Taiwan if the current renminbi clearing platform and the cross-strait financial co-operation further deepen." The expansion of the RQFII scheme will be followed by a decision to allow ...




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