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  • September 21, 2014
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Results 1 - 10 of 15 for renminbi

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  1. Business - Banking & Finance - CURRENCIES

    Hong Kong needs to develop global network to maintain its leading role in yuan business

    Posted Feb 18th 2014, 02:17pm by Enoch Yiu

    ... and overseas, thereby entrenching our role as a global hub, I see very flourishing prospects for Hong Kong as an offshore renminbi business centre." He predicted trade settlement in the yuan, also known as the renminbi, will increase by 100 per cent to 300 per cent in the next five to 10 years and will match that of the yen and the euro. That will mean up to 60 per cent of all mainland ...

    http://www.scmp.com/business/banking-finance/article/1430236/hong-kong-needs-develop-global-network-maintain-its-leading
  2. Business - Banking & Finance - CURRENCIES

    Yuan funding rules eased to shore up Hong Kong's offshore lead

    Posted Jul 26th 2013, 12:00am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com With an eye on global rivals, HKMA acts to boost banks' yuan liquidity with overnight and one-day options, including same-day service Yuan funding rules eased to shore up HK's offshore lead The Hong Kong Monetary Aut ...

    http://www.scmp.com/business/banking-finance/article/1290727/yuan-funding-rules-eased-shore-hong-kongs-offshore-lead
  3. Bonding of financial relations

    Posted Jul 01st 2007, 12:00am by Staff Reporter

    ... markets for renminbi bonds.' Mr Yam said that although the amount of yuan deposits in Hong Kong that could be used for purchasing yuan bonds was not large (about 25 billion yuan), the amount ... is that after increasing the capability of the banking system of Hong Kong to conduct banking business denominated in the renminbi, albeit of limited scope so far, the Hong Kong debt market will now ...

    http://www.scmp.com/article/598911/bonding-financial-relations
  4. Ex-PBOC official to advise monetary authority

    Posted Apr 24th 2010, 12:00am by Staff Reporter

    ... Mu Huaipeng, a senior People's Bank of China official, is to leave his post to become an adviser to the Hong Kong Monetary Authority. The authority did not confirm Mu's appointment but said having expert advice on developing Hong Kong's renminbi business would help its work. Mu said he would start work for the HKMA soon. ...

    http://www.scmp.com/article/712349/ex-pboc-official-advise-monetary-authority
  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 ...

    http://www.scmp.com/news/china/article/1113946/hong-kong-banks-may-extend-yuan-loans-firms-shenzhens-qianhai-zone
  6. Currency remains a long-term prospect

    Posted May 09th 2011, 12:00am

    ... John Cremer There can be no doubt that mainland authorities have big plans for the yuan and, in line with their own timetable, will move towards full convertibility. Late last month, Beijing confirmed plans for setting up yuan settlement and clearing cent ...

    http://www.scmp.com/article/967225/currency-remains-long-term-prospect
  7. Business - Banking & Finance - SETTLEMENTS

    Yuan clearing beats volume in Hong Kong dollars

    Posted Jun 17th 2013, 12:00am by Gary Cheung

    ... The real-time system was upgraded from the Renminbi Settlement System in June 2007 with the Bank of China (Hong Kong) as its clearing bank. According to statistics provided by the authority, the average ...

    http://www.scmp.com/business/banking-finance/article/1262453/yuan-clearing-beats-volume-hong-kong-dollars
  8. Business - Money

    China to extend RQFII scheme to Hong Kong

    Posted Dec 14th 2012, 12:00am by Kwong Man-ki

    ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com HKMA says eligibility will be relaxed to include HK-based financial institutions Mainland to extend RQFII scheme The mainland is expected to extend the renminbi qualified foreign institutional investor (RQFII) scheme to Hong Kong-based financial institutions, the city's de facto central banker said in Beijing yesterday. Norman ...

    http://www.scmp.com/business/money/markets-investing/article/1104893/china-extend-rqfii-scheme-hong-kong
  9. Yuan exchange market proves the critics wrong

    Posted Jul 20th 2011, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Barely a year after its creation, Hong Kong's yuan exchange market has exploded, brushing aside fears that an offshore market in the currency would not find favour in the city. The daily turnover of the yuan exchange mark ...

    http://www.scmp.com/article/973953/yuan-exchange-market-proves-critics-wrong
  10. Business - Money - ECONOMY

    Cash dam reopened to flush out hot money

    Posted Dec 22nd 2012, 12:00am by Eric Ng

    ... investors can also gain exposure to the mainland stock market by converting Hong Kong dollars into yuan and buying yuan-denominated stock funds under the renminbi qualified foreign institutional ...

    http://www.scmp.com/business/money/markets-investing/article/1110180/cash-dam-reopened-flush-out-hot-money

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