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  1. Business - Money - CURRENCIES

    European renminbi payments double, with Britain and Germany leading way

    Posted Aug 27th 2014, 09:28am by Jeanny Yu

    ... liberalisation programme to deepen their commercial relationships in the world's second-largest economy," said Vina Cheung, HSBC Holdings' global head of renminbi internationalisation, ... and Frankfurt were each awarded 80 billion yuan (HK$100.6 billion) of investment quota under the renminbi qualified foreign institutional investor scheme, which allows eligible foreign investors to buy ...

    http://www.scmp.com/business/money/markets-investing/article/1581037/european-renminbi-payments-double-britain-and
  2. Business - Banking & Finance - CURRENCIES

    Yuan trade settlement value declines by 12pc in July

    Posted Aug 16th 2014, 01:06am by Jeanny Yu

    ... the currency- also known as renminbi- is back on a steady appreciation track. "Corporates often choose to settle in renminbi if the currency is appreciating. Although the renminbi bounced back ... International, blamed the decline on seasonal factors: "Cross-border renminbi settlement is a relatively young business. Banks would want a nice figure in this sector on their half-yearly balance ...

    http://www.scmp.com/business/banking-finance/article/1574506/yuan-trade-settlement-value-declines-12pc-july
  3. Business - Banking & Finance - CURRENCIES

    Singapore beats London as offshore yuan hubs jostle for new positions

    Posted Jul 30th 2014, 01:25am by Jeanny Yu

    ... of the renminbi payments market grow the most in the past year. Singapore overtook London to become the biggest offshore renminbi centre outside Hong Kong. Its payments value accounted for 28.4 per cent ... climbing from 15th last year to eighth spot, on the back of a strong policy push by regulators in Seoul. New SWIFT data showed renminbi settlements rose 563 per cent in South Korea between June ...

    http://www.scmp.com/business/banking-finance/article/1562218/singapore-beats-london-offshore-yuan-hubs-jostle-new
  4. Business - Banking & Finance - CURRENCIES

    Yuan to trade directly with UK pound

    Posted Jun 19th 2014, 12:55am by Jeanny Yu

    ... of the renminbi, which would prompt corporates to hedge their yuan exposure," he said. London is the second-biggest yuan foreign exchange centre with nearly 20 per cent of the market, while Hong Kong ... transparent pricing that will facilitate the adoption of the renminbi for investment purposes," said Evan Goldstein, Deutsche Bank global head of renminbi services. Britain is China's 12th ...

    http://www.scmp.com/business/banking-finance/article/1535833/yuan-trade-directly-uk-pound
  5. Comment - Insight & Opinion

    Economic reforms alone won't put the renminbi in the dollar's league

    Posted May 19th 2014, 02:32am by ESWAR PRASAD

    ... Eswar Prasad Eswar Prasad says China needs credible political and legal systems to build its currency's strength Economic reforms alone won't put renminbi in the US dollar's league Scarcely a week passes without news about the ascendance of the renminbi. But China has a long way to go before its currency can rival- let alone displace- the US dollar as the dominant ...

    http://www.scmp.com/comment/insight-opinion/article/1514931/economic-reforms-alone-wont-put-renminbi-dollars-league
  6. Comment - Insight & Opinion

    Direct conversion between yuan and euro is on the way

    Posted May 13th 2014, 07:23pm by G. BIN ZHAO

    ... liberalisation Direct conversion between the renminbi and the yen, which began about two years ago, has been an important milestone in the process of internationalising the Chinese currency. Although there has been a lot of progress towards the free conversion of the renminbi over the past two years, the outcome has yet to meet market expectations. Direct exchange with major Western currencies ...

    http://www.scmp.com/comment/article/1511229/direct-conversion-between-yuan-and-euro-way
  7. Comment - Insight & Opinion

    March of renminbi as global currency has passed the point of no return

    Posted May 06th 2014, 05:15pm by CARMEN LING

    ... Will renminbi internationalisation flop? What if China grinds everything to a halt? These were questions raised by clients during my recent roadshow in Europe. In contrast to the upbeat spirit ... it's clear that renminbi internationalisation is a one-way train, and the question is its speed, not direction. Political push is one of the four key elements needed to take a currency global, ...

    http://www.scmp.com/comment/article/1505765/march-renminbi-global-currency-has-passed-point-no-return
  8. Comment - Insight & Opinion

    Price volatility signals the yuan is closer to becoming a global currency

    Posted May 05th 2014, 03:01am by GORDON FRENCH

    ... The recent dip in the value of the Chinese currency surprised many in the markets, but it shouldn't have. The renminbi occupies a position all of its own: it might be the key accessing the world's most dynamic large economy but it is also protected with exchange and capital controls. Despite this, the renminbi's similarities to other global currencies- the dollar, the euro, ...

    http://www.scmp.com/comment/insight-opinion/article/1504280/price-volatility-signals-yuan-closer-becoming-global
  9. Comment - Insight & Opinion

    Renminbi's volatility simply growing pains of emerging international role

    Posted Apr 28th 2014, 04:03am by DAN STEINBOCK

    ... in international finance No pain, no gain The recent volatility of the renminbi does not herald its weakening, but the increasing opening of the currency and still another milestone in its international ... extensive and deepest reforms in three decades, it finds itself penalised, not rewarded, in the West. In reality, the renminbi's volatility did not come out of the blue; nor was it the result ...

    http://www.scmp.com/comment/insight-opinion/article/1496826/renminbis-volatility-simply-growing-pains-emerging
  10. Business - Banking & Finance - CURRENCIES

    New Zealand-China currency deal to boost bilateral investments

    Posted Mar 26th 2014, 05:29am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Direct conversion between the kiwi and the yuan will further encourage bilateral investments beyond dairy products to health care and aviation NZ-China deal to boost trade The recent deal with China to allow direct trading bet ...

    http://www.scmp.com/business/banking-finance/article/1457351/new-zealand-china-currency-deal-boost-bilateral-investments

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