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  • October 23, 2014
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Results 1 - 10 of 29 for renminbi

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  1. How to nurture a blooming currency

    Posted Oct 20th 2011, 12:00am

    ... Ed Zhang in Beijing ed.zhang@scmp.com More often than ever before, people are talking about the renminbi. As developed nations face fiscal problems, especially in Europe, where the euro ... high-income countries'. But exactly how much financial influence the mainland will have is a mystery- especially as to how the renminbi will be used by consumers and investors around the world. ...

  2. Spending power

    Posted Nov 19th 2008, 12:00am by Staff Reporter

    ... demand for an alternative to the renminbi. In a bid to amass foreign currency while preventing foreigners taking yuan out of the country, the State Council in August 1980 authorised the Bank ...

  3. Yuan's strength reaches only so far

    Posted Apr 14th 2008, 12:00am by Jake Van Der Kamp

    ... with Jake van der Kamp 'While all Asian currencies bar the South Korean won gained yesterday, the focus was on the yuan's historic breakthrough.' SCMP headline, April 11 History is very short, I see. The yuan was stronger than six to the US ...

  4. 'No chance' of another one-off yuan revaluation

    Posted Jul 19th 2006, 12:00am by Staff Reporter

    ... Jane Cai Speculators should not get excited, official warns Authorities have ruled out another one-off revaluation of the yuan and warned speculators not to place 'huge bets' on faster appreciation of the currency. The mainland's foreign ex ...

  5. Steps taken to free trading

    Posted Sep 24th 2003, 12:00am by Staff Reporter

    ... The nation's top currency regulators have taken the first big steps in nearly a decade to liberalise the renminbi exchange system. The newly announced measures include lifting ... a currency against the renminbi on any given day, but could not do both. Other steps the State Administration of Foreign Exchange announced in a recent circular include allowing banks to trade ...

  6. Preserve our currency autonomy

    Posted Apr 14th 2005, 12:00am by Tony Latter

    ... if the renminbi appreciated against it. But, if Hong Kong prices, whether for goods and services or for assets such as property and shares, were then perceived to be low by international comparison, ... any adjustment against the US dollar by the renminbi. But why? And if it did so now, what would the strategy be further ahead? To hold a constant rate with the renminbi forever? That would ...

  7. Yuan could be floated by 2008, economists say

    Posted Sep 24th 2003, 12:00am by Staff Reporter

    ... and possibly even floating the currency as early as 2008, economists say. 'There will be a widening of the trading band of the renminbi in 2004,' said Hu Biliang, a senior economist ... Bank of China would widen the trading band of the renminbi, which is pegged to 8.28 to the US dollar. But he acknowledged market sentiments that the central bank may allow the currency to trade ...

  8. Business - Money

    Yuan hailed as the world reserve currency

    Posted Nov 07th 2012, 12:00am by Kevin Rafferty

    ... executive of HSBC, is among the most gung-ho believers that China's day has come. "The signals being sent by the bond and foreign exchange markets are clear: the renminbi is getting ready ... important reference currency over large areas of Asia. They contend that "in East Asia, there is already a renminbi bloc, because the renminbi has become the dominant reference currency, ...

  9. Cash in on best currency deals

    Posted Apr 21st 2010, 12:00am by Staff Reporter

    ... Swiss franc, Singapore dollar, Thai baht, US dollar and renminbi. HSBC Premier customers can pre-order any of those currencies online, excluding Swiss francs, up to five business days ... renminbi and yen. The fourth machine, in Kwun Tong, only dispenses US dollars and renminbi. You can withdraw your daily card limit at the ATMs, although there is a daily limit of 20,000 renminbi ...

  10. Staying the course

    Posted Oct 14th 2008, 12:00am by Tony Latter

    ... by many other central banks - or in favour of an alternative peg, such as to the renminbi. In fact the calls, such as there are, for a peg to the renminbi are carried along more on a tide ... be ill-advised for a convertible currency such as ours to be pegged to one which, as the renminbi, is not fully convertible; and it would anyway be impossible to operate a currency board on that basis. ...




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