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  • November 28, 2014
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Results 1 - 10 of 48 for renminbi

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  1. 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 ...

  2. 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 ...

  3. Business - Banking & Finance - CURRENCIES

    BOC Hong Kong fends off new competition in yuan trading

    Posted Feb 17th 2014, 04:47am by KANIIS LI, Jeanny Yu

    ... Kanis Li and Jeanny Yu Gradual liberalisation of the renminbi sees Bank of China's HK unit step up marketing efforts after losing sole clearing bank status BOCHK fends off new competition in yuan trading The Hong Kong unit of the state-owned Bank of China is stepping up marketing of its improved clearing services to western financial institutions in Hong Kong after losing ...

  4. Business - Banking & Finance - CURRENCIES

    London challenges Hong Kong with BOC's yuan bond

    Posted Jan 09th 2014, 01:49pm by Jeanny Yu

    ... But for some Western issuers, if London is built up as a mature RMB [renminbi] centre, they may consider it instead, given the convenience of the time zone," said Crystal Zhao, a Hong Kong-based ... Zhao. Meanwhile, the London Stock Exchange will list the first RQFII (renminbi qualified foreign institutional investor) exchange-traded funds to be listed in Europe, CSOP Asset Management, one ...

  5. Business - Banking & Finance - CURRENCY PRODUCTS

    Bank of China targets yuan markets in West

    Posted Oct 28th 2013, 04:33am by Jeanny Yu

    ... outperformed its peers since 2012 globally; and now it hopes to cultivate another star fund with its newly-obtained 800 million yuan quota under the so-called RQFII (Renminbi Qualified Foreign ... to London and Singapore managers under the so-called RQFII (Renminbi Qualified Foreign Institutional Investor) scheme to invest in the onshore market. To date only Hong Kong-based managers have been ...

  6. 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 ...

  7. 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 ...

  8. Australia seeks direct yuan conversion, a threat to US dollar's dominance

    Posted Jul 12th 2012, 12:00am

    ... completed in mainland China, without pricing through the US dollar,' said Swan. The yuan is also known as renminbi, or RMB, which literally means 'people's money'. Swan is due ...

  9. London faces liquidity test in yuan-hub bid

    Posted Jul 03rd 2012, 12:00am

    ... and to offer Western investors the chance to invest in renminbi products, Boleat said. To expand the currency's capacity and transaction volumes in London, the corporation is advising banks ... to become the largest yuan payment contributor earlier this year, accounting for about 47 per cent of all yuan payments. Renminbi commercial loans in London reached 280 million yuan last year, trade ...

  10. 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 ...




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