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  • September 19, 2014
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Results 1 - 10 of 15 for renminbi

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  1. Panic over counterfeit 100 yuan notes spills across border into HK

    Posted Jan 10th 2009, 12:00am by Staff Reporter

    ... Staff Reporter Some money changers in Hong Kong are refusing to accept 100 yuan banknotes with serial numbers starting with HD90 as panic over fake mainland notes spills over the border. Hong Kong police said yesterday that they were staying in close cont ...

  2. Shenzhen picks 100 firms for pilot yuan settlement

    Posted May 07th 2009, 12:00am by Fiona Tam

    ... He said the Shenzhen government and the city's banks had completed technical preparations to operate renminbi clearing. But he would not provide further details before the provincial government endorsed the list. Shanghai and four Guangdong cities were named by Beijing early last month to take part in the pilot renminbi clearing scheme, under which exporters will be allowed ...

  3. Blueprint targets harmful rivalry among key cities

    Posted Mar 14th 2011, 12:00am by Staff Reporter

    ... role'. More specifically, it said the central government would encourage Hong Kong to become an offshore hub for renminbi business. 'The central government has stated its support for Hong Kong's development as an international financial centre,' Lau said. 'This will facilitate Hong Kong to take up the role as a centre for offshore renminbi business. This can also settle ...

  4. Party sets sights on creating cross-border financial hub with HK

    Posted Jun 07th 2008, 12:00am by Fiona Tam

    ... was seeking assistance from Beijing in fields including the expansion of cross-border renminbi business for both cities, and collaboration to build an international renminbi clearing centre. He also ...

  5. News - China - BANKING

    Hong Kong banks may extend yuan loans to firms in Shenzhen's Qianhai zone

    Posted Dec 28th 2012, 12:00am by Sandy Li

    ... opportunities to expand yuan currency lending. Renminbi deposits in Hong Kong increased 1.7 per cent to 554.8 billion yuan (HK$681.5 billion) in October, the authority said this month. Hong Kong dollar ...

  6. High risks to big dividends

    Posted Nov 09th 2007, 12:00am by Martin Donovan

    ... by the bank as only HK$3 million. This directly effects the mortgage amount you can get. Each Hong Kong person can only exchange US$50,000 worth of renminbi a year. So getting renminbi for the deposit is not easy. Another problem is transferring renminbi back to Hong Kong dollars. What advice would you give to someone considering buying on the mainland? First, check if the property provides a Hong ...

  7. Gearing up for China's golden decade

    Posted Aug 03rd 2012, 12:00am

    ... of the renminbi.' According to Lo, there are only about 1,600 companies listed on the Hong Kong Stock Exchange and about 2,000 companies on the two A-share stock markets in Shenzhen and Shanghai. ...

  8. Position of strength

    Posted Sep 07th 2011, 12:00am

    ... economy at a forum on the national 12th five-year plan, to strengthen its role in the internationalisation of the renminbi and to further open up the mainland's service sector to local ... of the currency by developing into a renminbi offshore centre should also be a strategic part of China's next phase of economic development. At the University of Hong Kong centenary ceremony, Li ...

  9. HK banks may soon lend in Shenzhen

    Posted Apr 13th 2012, 12:00am

    ... investment in mainland stock and bond markets under the renminbi qualified foreign institutional investor scheme, he said. However, it is not yet clear whether the Hong Kong dollar would ...

  10. Beijing helps HK fight crisis

    Posted Dec 20th 2008, 12:00am by Staff Reporter

    ... Kristine Kwok in Beijing and Maria Chan Boost for renminbi trade among 14 steps to bolster city's economy Beijing will further liberalise renminbi business in Hong Kong as part of a 14-point plan to help prop up the city's economy. The measures were announced yesterday as the top leadership pledged to provide a 'strong backstop' for Hong Kong. In future, ...




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