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  • August 23, 2014
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Results 1 - 10 of 16 for renminbi

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  1. 'One country, two currencies' boosts economic integration

    Posted Nov 19th 2003, 12:00am by Chris Yeung

    ... Chris Yeung The central government's decision to allow Hong Kong banks to accept business in renminbi will further enhance the visibility of the currency in daily life here. For many ... for renminbi transactions will provide much convenience. Although the renminbi has long been circulating here widely, albeit outside the banking system, the policy change will formally usher in an era ...

  2. Hot money staging post claims 'untrue'

    Posted Dec 23rd 2010, 12:00am by Staff Reporter

    ... in the city en route to the mainland was made. Without specifying the CCTV reports, Tsang described the suggestion as groundless. 'This is inconsistent with the true situation. Renminbi businesses in Hong Kong are subject to sufficient regulations. The presence of renminbi funds in Hong Kong is the normal result of mainland companies raising capital in Hong Kong. Money ...

  3. In step

    Posted Jul 04th 2012, 12:00am

    ... with the mainland or risk being marginalised. This was reflected in Hong Kong's initiative to be included in the five-year plan, something Beijing was happy to accommodate. Co-operation on the renminbi is a case in point. China wants to internationalise its currency, while Hong Kong wants the economic benefits of being the main offshore renminbi market. Neither is doing the other a favour. ...

  4. Rich mainland investors may get abode

    Posted Sep 08th 2003, 12:00am by Staff Reporter

    ... the renminbi. 'Of course we welcome this,' said Mr Tung, who held talks with Vice-Premier Wu Yi ahead of the China International Fair for Investment and Trade, which opens in Xiamen today. ... globally. Cepa is a tremendous opportunity for Hong Kong. This is one of the reasons I came to Xiamen.' But Mr Tung said the fact the renminbi was not fully convertible posed a major obstacle ...

  5. HK finance sector must lift its game, Wen says

    Posted Apr 12th 2009, 12:00am by Staff Reporter

    ... engines. Following Mr Wen's remarks, a government spokesman said: 'We need to review and build on our strengths, such as the tax system and the pending renminbi trade settlement, to ensure we are well ahead of others in the financial arena or we might fall behind.' Julia Leung Fung-yee, undersecretary for financial services and the treasury, said cross-border renminbi ...

  6. News - Hong Kong - POLITICS

    'Anti-red' sentiment takes centre stage in Legco election for first time

    Posted Sep 08th 2012, 12:00am by TOMY CHEUNG

    ... at the central government's liaison office in 2010 that resulted in the passage of electoral reforms. The Democrats in turn dubbed People Power "Renminbi Power" following the disclosure ...

  7. Antony Leung defends derivatives

    Posted May 06th 2009, 12:00am by Ambrose Leung

    ... Ambrose Leung Hong Kong, as an international financial centre, should value the development of derivative products despite the Lehman Brothers saga, former financial secretary Antony Leung Kam-chung said yesterday. Mr Leung also said Hong Kong needed to speed up the development of renminbi business to strengthen its position in the face of the challenge from Shanghai. Speaking after ...

  8. Yam's paper on the peg goes beyond the money

    Posted Jun 14th 2012, 12:00am

    ... this until the 1980s. This meant that 'it is therefore possible that, as the renminbi attains international currency status, it becomes more and more popular in Hong Kong, for example, ...

  9. Tsang shares hopes for HK's role in five-year plan

    Posted Dec 23rd 2010, 12:00am by Gary Cheung

    ... centre and the launchpad for Chinese businesses seeking entry to global markets. It sees itself as a hub for offshore renminbi business and as capable of playing a crucial role in the reform ...

  10. Lawmakers call for limits on spending cuts in key sectors

    Posted Feb 12th 2004, 12:00am by Klaudia Lee

    ... legislator Chan Kam-lam and Democrat Sin Chung-kai urging the government to promote Hong Kong as an off-shore centre for renminbi business were defeated. Outside Legco, dozens of protesters- ...




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