• Wednesday
  • October 1, 2014
  • Last updated: 6:32am
Hong Kong




Refine Your Search

Sort by

Search Results

Results 1 - 10 of 16 for renminbi

Search results

  1. New rules mean business as usual

    Posted Nov 19th 2003, 12:00am by Kelvin Chan

    ... Cheung Chi-fai and Kelvin Chan The new rules allowing Hong Kong banks to take renminbi business will bring both convenience and competition but some people still prefer to use long ... said yesterday. The man, who gave his name only as Mr Tang and who runs the China-Hong Kong Renminbi Exchange in Mongkok, said: 'The banks already offer renminbi exchanges. What makes ...

  2. New Products

    Posted Feb 29th 2004, 12:00am by Staff Reporter

    ... HSBC marked a milestone on Thursday with the launch of its renminbi financial services. A special renminbi deposit account at the bank will earn up to 0.35 per cent per annum, far above ... for deposit services under their existing HSBC Premier or PowerVantage accounts, or set up a standalone savings account. The bank says it hopes to introduce a credit card on renminbi accounts ...

  3. Banking on a convergence of talent

    Posted Oct 01st 2011, 12:00am

    ... Hilda Poon China's longer-term internationalisation and full convertibility of its currency have spurred the money market in Hong Kong so much that deposits in Chinese renminbi have grown exponentially over the few past years. As a result, the city's banking industry is bullish on the growing business opportunities from renminbi deals, which is good news ...

  4. Indian bank to open two more branches in China

    Posted Mar 07th 2012, 12:00am

    ... presence with 172 outlets in 34 countries. Contractor said a few Indian companies were now settling trade deals with their Chinese partners in renminbi after Beijing unveiled its ambitions to internationalise the currency. 'We are encouraging our customers to use renminbi for trade settlement,' Chaudhuri said. 'But I think it might take a little longer for renminbi to receive ...

  5. Business - Banking & Finance - BONDS

    HSBC unit taps into onshore debt market

    Posted Dec 16th 2013, 04:28am by Jeanny Yu

    ... of next year, through its newly obtained 800 million yuan (HK$1.01 billion) worth of quota under the renminbi qualified foreign institutional investor (RQFII) scheme, Munro said. The company ...

  6. Bank on convertibility

    Posted May 15th 2012, 12:00am

    ... 'From what we have seen, I expect the renminbi to become fully convertible in five to 10 years from 20 years, as previously expected.' ING says the mainland has come a long way since ...

  7. News - Hong Kong - CRIME

    Shanghai HSBC ATM gives American fake notes

    Posted Sep 18th 2012, 12:00am by Simpson Cheung

    ... had not been swapped by the taxi driver or the McDonald's employee, as he watched them both closely. The counterfeits looked and felt like real renminbi, but the wad shared just two ...

  8. Beijing gives yuan boost to HK

    Posted Nov 23rd 2011, 12:00am

    ... when necessary, to maintain the stability of the offshore renminbi market in Hong Kong'. The swap line with Hong Kong is the biggest among the dozen that Beijing has signed with other ...

  9. Offshore hopes boost BOCHK to fresh high

    Posted Aug 19th 2003, 12:00am by Staff Reporter

    ... for the bank from the cyclical upturn next year and the potential offshore renminbi business,' Lehman Brothers analyst Tracy Yu said. It has an 'overweight' rating on the stock ...

  10. Keys to the banking world

    Posted Nov 26th 2011, 12:00am

    ... for the development of the city's banking industry. 'As Hong Kong enjoys the unique position of being the offshore renminbi centre, it is set to play a highly important role in the RMB ...




SCMP.com Account