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  1. Comment - Insight & Opinion

    Doors will open for Hong Kong businesses switching to renminbi trade

    Posted Apr 11th 2013, 12:00am by ALBERT CHAN

    ... Albert Chan Albert Chan looks at how HK businesses can open up new opportunities Lower costs, bigger market await the renminbi adopters The renminbi is reordering the global trade ... settled in renminbi last year. That portion is expected to rise to 30 per cent by 2015, and 50 per cent when it comes to trade with emerging markets. Under the most common current arrangement, ...

  2. Comment - Insight & Opinion

    The growth dividends of an international renminbi

    Posted Nov 08th 2012, 12:00am by YANG TAO

    ... economic growth Grow with the flow In terms of trade clearing, the renminbi has become a regional "hard" currency, and has a large and growing influence with neighbouring trade partners. Meanwhile, a number of Asian, African and Latin American countries already regard renminbi products as reserve assets. And, in addition to accelerating innovation in Hong Kong's offshore ...

  3. 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 ...

  4. Comment - Insight & Opinion

    Offshore yuan market gets into its stride

    Posted Aug 20th 2012, 12:00am by Donna Kwok

    ... The offshore renminbi market in Hong Kong has just turned two years old and the currency has made extraordinary strides. Since it took its first toddler steps in July 2010, the daily turnover in the offshore renminbi foreign exchange market has risen from essentially nothing to US$4billion, and one-tenth of China's trade is now settled in its home currency, up from 2per cent two years ...

  5. Hong Kong as a trading post for the renminbi

    Posted Aug 25th 2003, 12:00am by Tony Latter

    ... When the world is eventually presented with a fully convertible renminbi - as it surely will be, although it is a bold person who predicts the timing - where is most financial business ... what can we make of the recent announcement that the central government has agreed to give preference to Hong Kong in the context of offshore renminbi business and to 'consider ...

  6. Comment - Insight & Opinion

    Diaoyus fallout sees China refocus RMB push to Australia, Canada

    Posted Oct 22nd 2012, 12:00am by G. BIN ZHAO

    ... for renminbi internationalisation Direct route On June 1, direct trading began between the renminbi and the Japanese yen, a step which will play a significant role in the process of China's ... for renminbi internationalisation. Therefore, it has become necessary for China to seek direct exchanges between the renminbi and other major currencies. This means the Australian dollar and Canadian ...

  7. Comment - Insight & Opinion

    Goal of yuan convertibility within reach

    Posted Mar 27th 2013, 12:00am by QU HONGBIN

    ... Qu Hongbin Qu Hongbin expects the renminbi to be fully convertible in five years, not only because of the market's impressive growth so far but also, more importantly, because ... commodity producers have been caught in the country's powerful slipstream. This gravitational pull is not confined to purely economic developments. Thanks to the rise of the renminbi, the world ...

  8. Conflicts could hold back yuan

    Posted Jan 06th 2011, 12:00am by Lulu Chen

    ... slow,' Wang said. 'The renminbi can really solve many problems. It can knock down inflation and automatically boost the economy by making exports a bit less competitive but people richer ...

  9. Cross-border travellers warned on fake banknotes

    Posted Jan 14th 2009, 12:00am by Clifford Lo

    ... of bogus 100-yuan notes seized rose by about 22 per cent last year. But there was no need to panic, the police's counterfeit expert said, as the quality of fake renminbi notes- even the latest ... surged because the renminbi has become more popular in Hong Kong since 1997. More department stores and shops are also accepting the currency. Police urged Hongkongers to be careful when ...

  10. Winning with a stronger yuan

    Posted Aug 24th 2003, 12:00am by Stephen Seawright

    ... of the low costs,' said Mr Tang. 'So if the renminbi goes up ... this should hit their competitiveness.' Such companies include electronics manufacturer Alco Holdings and packaging ... computer manufacturer Legend Group stood to gain the most. 'Legend Group would be positively exposed to a renminbi appreciation because virtually all its revenues and only 70 per cent of its ...




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