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  • September 21, 2014
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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. Renminbi peg for Hong Kong dollar 'is worth considering'

    Posted Aug 28th 2003, 12:00am by Kelvin Chan

    ... Switching the Hong Kong dollar's peg from the US dollar to the renminbi is the only alternative worth considering, one of the original architects of Hong Kong's currency system ... School of Economics, he said: 'I think the choice is either a renminbi peg or a dollar peg.' A renminbi peg was an option because the Hong Kong and mainland economies were now so ...

  3. Hong Kong bankers face long wait to fully appreciate yuan

    Posted Jul 23rd 2010, 12:00am by Tom Holland

    ... blathered about an agreement 'to strengthen co-operation and further promote Hong Kong's status and role as a renminbi market platform'. In reality, however, the latest deal ...

  4. HK yuan market not a threat to mainland

    Posted Dec 28th 2011, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Economists have poured cold water on the Chinese Academy of Social Sciences' claims that Hong Kong may hit hurdles in its plan to become an offshore yuan centre and that pooling yuan in the city might cause destabilisatio ...

  5. Small step for MPF

    Posted Feb 07th 2012, 12:00am

    ... offshore centre. As pointed out by Tsang in his budget speech last week, there has been encouraging development of Hong Kong's position as an offshore renminbi business centre in the past year. The first batch of renminbi Qualified Foreign Institutional Investors (RQFII) funds has been launched and there are more in the pipeline. 'We believe that as the mainland continues ...

  6. Lai See

    Posted Apr 08th 2011, 12:00am

    ... surprise when Mukhamedshin recently told Reuters: 'At the moment we are not interested in borrowing in renminbi. If you compare renminbi and US dollars, the current market seems a bit ...

  7. Hong Kong's current attraction to the yuan may only be fleeting

    Posted Apr 21st 2011, 12:00am

    ... with Jake van der Kamp While the Hui Xian reit's IPO marks a historic milestone in China's march towards making its currency a bigger player in the global financial system, it is also an experiment... If it is successful, it will cement Hong Kon ...

  8. Yuan seen as safe bet by investors

    Posted Feb 10th 2008, 12:00am by Enoch Yiu

    ... Enoch Yiu, Maria Chan and Natalie Chiu Experts expect 8 to 10 per cent gain this year With the yuan rising every day, enthusiastic Hong Kong investors have many channels to bet on the currency, which many experts believe will rise another 8 to 10 per cent ...

  9. Yuan hits highest level with US dollar

    Posted Dec 30th 2006, 12:00am by Staff Reporter

    ... Maria Chan Mainland currency a shave away from Hong Kong parity The yuan rose to its highest level against the US dollar yesterday, bringing it close to parity with the Hong Kong dollar. The yuan reached 7.8051 to the US dollar in late afternoon trade, ju ...

  10. 'Rock-solid' banknote scam foiled

    Posted Jan 27th 2012, 12:00am

    ... counterfeit Hong Kong notes are found for every one million genuine notes. Police seized 4,542 bogus renminbi banknotes last year- down 927 from the year before. Cheng said the drop was due ...




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