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  • November 21, 2014
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Results 1 - 10 of 48 for renminbi

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  1. Renminbi takes a major step towards acceptance

    Posted Feb 24th 2012, 12:00am

    ... Keith Chan The launch of Renminbi Qualified Foreign Institutional Investors (RQFII) funds in Hong Kong last month is seen as a major step towards transforming renminbi into an internationally accepted currency. It is expected to accelerate the pace of developing Hong Kong into the world's premier offshore renminbi centre. RQFII is one of a package of central government ...

  2. Business - Banking & Finance - BANKING

    BOC asset arm seeks 1 billion RQFII yuan quota for European investors

    Posted Sep 25th 2014, 06:26am by Jeanny Yu

    ... to expand its investment capability to prepare for yield-hungry European investors' demand for renminbi assets. The fresh quota will be utilised in fixed income products, said Wayne Shum, head of institutional business at BOCHK Asset Management. The company currently has 800 million yuan of quota under the RQFII (renminbi qualified foreign institutional scheme) and all of that has been invested ...

  3. Decision on renminbi transactions welcomed

    Posted Apr 10th 2009, 12:00am by Dennis Eng

    ... will be able to make use of RMB [renminbi] resources. Therefore, it provides greater security in this particular time of need and definitely will then create more jobs for Hong Kong. This will have ...

  4. High interest in Hong Kong's new renminbi bank accounts

    Posted Feb 26th 2004, 12:00am by Carrie Chan

    ... Carrie Chan With the debate over patriotism raging, businessman Eddie Luk Ngai-ming yesterday expressed his love for his country in a different way: by opening a renminbi account at Bank of China headquarters. Yesterday was the first day that Hong Kong banks could offer their customers renminbi deposit accounts. But unlike most people who were attracted by higher interest rates ...

  5. 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 ...

  6. Cashing in big on yuan trade

    Posted Apr 06th 2009, 12:00am by Staff Reporter

    ... manufacturers would not demand a price increase but would absorb the loss as a manufacturing cost. 'If we can settle trade transactions in renminbi with overseas buyers, we can use renminbi in our quotations, and require buyers to pay in renminbi. This would make our business more stable and we would not have to convert the income to renminbi to pay local expenses,' he said. Mr Tsui said ...

  7. Partner or parasite? Time for Hong Kong to choose

    Posted Sep 25th 2010, 12:00am by Shirley Yam

    ... with Shirley Yam Never before has a chief executive of the Hong Kong stock exchange written an open letter, especially on mainland policy. Yet, this week Charles Li Xiaojia did exactly that. In a 10,000-word Chinese-language piece posted on the HKEx website titled 'Six Questions Regarding the Internationalisation of the Renminbi (yuan)', he outlines some key issues ...

  8. Trading in yuan open to more provinces

    Posted Jun 23rd 2010, 12:00am by Sophie Yu

    ... the renminbi, the first step is to turn it into a trade currency,' Xiang said. 'Then you make it a finance currency, allowing other countries to buy stocks and bonds in yuan. Only when other ... Authority chief executive Norman Chan Tak-lam said: 'With our established renminbi financial infrastructure and clearing arrangement, Hong Kong is well positioned to serve the greater scope ...

  9. Step up action on fake notes, banks told

    Posted Jan 24th 2009, 12:00am by Staff Reporter

    ... against fake banknotes and safeguard the credibility and reputation of China's currency, the renminbi', it added. News of fake yuan notes widely circulating have been hogging ...

  10. Push to revalue yuan dismissed

    Posted Jul 02nd 2003, 12:00am by Staff Reporter

    ... to revalue the renminbi. 'In an era when everybody is scrambling for a bigger market share in the global economy, to criticise a country for its foreign exchange policy and to try to pressurise ... renminbi fluctuates narrowly around 8.28 to US$1 and has gone down with the falling dollar, there is a growing chorus saying the peg is unfairly helping the country gain shares in global markets ...




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