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  1. Renminbi bond interest shows threefold increase

    Posted Oct 02nd 2011, 12:00am

    ... Bo Leung Interest in renminbi bonds has soared as investors see an appreciation of the currency in the future. According to private bank UBS, the renminbi denominated asset represents about 2 per cent of their clients total assets, and the bank also expects this figure to reach 5 to 10 per cent. 'I believe one of the attractions of renminbi products is the expectation ...

    http://www.scmp.com/article/980715/renminbi-bond-interest-shows-threefold-increase
  2. 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 ...

    http://www.scmp.com/article/982403/desire-stability-heart-renminbis-foundation
  3. Yuan currency, two systems. Time to ditch 'foreign renminbi'

    Posted Mar 26th 2011, 12:00am by Shirley Yam

    ... with Shirley Yam Does China consider the renminbi traded in Hong Kong and overseas a domestic currency or a foreign one? I ask this question- academic, if not incomprehensible, to some- ... of power, naming a thing is always important because it will determine who has a say on it and who cares about it. Ever since the launch of the internationalisation campaign in 2009, renminbi ...

    http://www.scmp.com/article/742099/yuan-currency-two-systems-time-ditch-foreign-renminbi
  4. Delegates to call for renminbi to be made legal tender in HK

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

    ... Fanny W. Y. Fung in Beijing Forty 40 members of the Chinese People's Political Consultative Conference are issuing a joint call to make renminbi legal tender in Hong Kong. The delegates said the use of renminbi would allow flexibility in transactions, especially when the US dollar-linked Hong Kong dollar was under pressure from market fluctuations. In a document ...

    http://www.scmp.com/article/672725/delegates-call-renminbi-be-made-legal-tender-hk
  5. Fall and rise of the renminbi: 'people's currency' rides out downturn to become a global powerhouse

    Posted Sep 25th 2009, 12:00am by Staff Reporter

    ... a discount if I paid in renminbi,' Yang said. Thanks to rapid economic growth in recent decades and the fact China has emerged relatively unscathed from the economic downturn, the renminbi's purchasing power has strengthened, as has its ability to resist sudden fluctuations. In Hong Kong and some Southeast Asian countries, shop owners have long provided mainland tourists ...

    http://www.scmp.com/article/693519/fall-and-rise-renminbi-peoples-currency-rides-out-downturn-become-global-powerhouse
  6. Tsang set to outline Hong Kong's role in renminbi clearing scheme

    Posted Apr 09th 2009, 12:00am by Paggie Leung

    ... Paggie Leung Chief Executive Donald Tsang Yam-kuen is expected to explain Hong Kong's role in the renminbi clearing scheme today after the State Council yesterday named Shanghai ... the nation's support for Hong Kong, saying that plans had been drawn up for renminbi trade settlement in the city, to be implemented as soon as they had received approval from the State Council. ...

    http://www.scmp.com/article/676234/tsang-set-outline-hong-kongs-role-renminbi-clearing-scheme
  7. Battle of the renminbi

    Posted Sep 13th 2003, 12:00am by Staff Reporter

    ... A bill has been introduced in the US Congress to impose economic sanctions on China if it refuses to revalue its currency, which is pegged to the US dollar. If the bill goes through, China's US$134 billion in exports to the US could suddenly face tariffs of nearly 30 per cent. The congressmen argue that China's renminbi exchange rate is artificially low and Chinese ...

    http://www.scmp.com/article/427761/battle-renminbi
  8. High interest in Hong Kong's new renminbi bank accounts

    Posted Feb 26th 2004, 12:00am by Carrie Chan

    ... Carrie Chan With the debate over patriotism raging, businessman Eddie Luk Ngai-ming yesterday expressed his love for his country in a different way: by opening a renminbi account at Bank of China headquarters. Yesterday was the first day that Hong Kong banks could offer their customers renminbi deposit accounts. But unlike most people who were attracted by higher interest rates ...

    http://www.scmp.com/article/445973/high-interest-hong-kongs-new-renminbi-bank-accounts
  9. 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 ...

    http://www.scmp.com/article/425795/hong-kong-trading-post-renminbi
  10. Business - Comment

    Yuan's globalisation will take a while

    Posted Aug 21st 2012, 12:00am by Jake Van Der Kamp

    ... Jake Van Der Kamp Don't hold your breath for a global yuan The internationalisation of the renminbi is expected to continue to pick up pace, alongside the ongoing liberalisation of China's exchange rate, capital account and domestic financial market. Donna Kwok, HSBC Greater China economist, Insight page, August 20 You hear a lot of that line these days. Who says the yuan ...

    http://www.scmp.com/business/article/1019568/yuans-globalisation-will-take-while

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