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  • August 28, 2014
  • Last updated: 6:24pm
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  1. Business - Banking & Finance - FINANCE

    Bitcoin value tumbles after BTC China exchange blocks renminbi deposits

    Posted Dec 18th 2013, 06:13am by DANNY LEE, Angela Meng and Amy Nip

    ... using virtual money Bitcoin hit by Beijing ban on clearing Bitcoin prices have gone into freefall after Shanghai-based exchange BTC China yesterday blocked renminbi deposits, sparking a major ... a bitcoin exchange in China, legally, and we're still allowing people to deposit and withdraw bitcoin and withdraw renminbi." Mainland investors rushed to sell off their rapidly ...

  2. Business - Economy - CURRENCIES

    Hong Kong may widen renminbi business

    Posted Jun 13th 2013, 12:00am by Gary Cheung, Charlotte So

    ... Gary Cheung in New York and Charlotte So City could extend collaboration on offshore yuan dealing from London to New York and Singapore HK may widen renminbi business Hong Kong may extend ... and Singapore, according to Norman Chan Tak-lam, the chief executive of the Hong Kong Monetary Authority. "Hong Kong is open-minded towards the development of offshore renminbi business and we hope ...

  3. Comment - Insight & Opinion

    Doors will open for Hong Kong businesses switching to renminbi trade

    Posted Apr 11th 2013, 12:00am by ALBERT CHAN

    ... Albert Chan Albert Chan looks at how HK businesses can open up new opportunities Lower costs, bigger market await the renminbi adopters The renminbi is reordering the global trade ... settled in renminbi last year. That portion is expected to rise to 30 per cent by 2015, and 50 per cent when it comes to trade with emerging markets. Under the most common current arrangement, ...

  4. Business - Money

    Renminbi scheme fails to stir investors

    Posted May 14th 2013, 12:00am by Jeanny Yu

    ... Jeanny Yu Jeanny.yu@scmp.com RQFII programme for mainland exposure barely registers for HK players, survey finds Renminbi scheme fails to stir investors Hong Kong investors are not expected to warm to the renminbi qualified foreign institutional investors (RQFII) product as a favoured investment tool due to vague capital market regulation on the mainland, policy uncertainty ...

  5. Comment - Insight & Opinion

    The growth dividends of an international renminbi

    Posted Nov 08th 2012, 12:00am by YANG TAO

    ... economic growth Grow with the flow In terms of trade clearing, the renminbi has become a regional "hard" currency, and has a large and growing influence with neighbouring trade partners. Meanwhile, a number of Asian, African and Latin American countries already regard renminbi products as reserve assets. And, in addition to accelerating innovation in Hong Kong's offshore ...

  6. Comment - Insight & Opinion

    World must prepare to accept renminbi as a global currency

    Posted Oct 29th 2012, 12:00am by ANITA FUNG

    ... than later Renminbi rising China has made extraordinary strides towards internationalising the renminbi, and it is now time the international community recognises that the global economic architecture needs to evolve to keep pace with the changes. While the world has been focusing on Europe's woes and America's new stimulus programme, the renminbi quietly passed another key ...

  7. Comment - Insight & Opinion

    Does democracy matter for renminbi success?

    Posted Oct 17th 2012, 12:00am by BARRY EICHENGREEN

    ... Barry Eichengreen Barry Eichengreen says at the least, China needs a more rules-based, transparent bureaucracy Does democracy matter for renminbi success? China has unveiled its first ... on the international stage. In carving out a global role for the renminbi, Chinese policymakers are proceeding deliberately. So, will China's plan succeed? The answer, in my view, turns on how China ...

  8. Business - Banking & Finance

    IFC enlarges bond issue to 2.75b yuan

    Posted Aug 06th 2014, 04:36pm by Toh Han Shih

    ...  “IFC is strongly committed to supporting the development of China’s capital markets and the internationalisation of the renminbi,” vice-president and treasurer Jingdong Hua said. “IFC’s ...

  9. Business - Banking & Finance - CURRENCIES

    Yuan decades away from being global reserve currency

    Posted Apr 11th 2014, 10:18am by Victoria Ruan

    ... Victoria Ruan in Beijing victoria.ruan@scmp.com Yuan remains decades away from global status Despite the significant progress Beijing has made in broadening global use of the yuan, observers say the mainland currency has more often been chased by speculat ...

  10. Renminbi takes a major step towards acceptance

    Posted Feb 24th 2012, 12:00am

    ... Keith Chan The launch of Renminbi Qualified Foreign Institutional Investors (RQFII) funds in Hong Kong last month is seen as a major step towards transforming renminbi into an internationally accepted currency. It is expected to accelerate the pace of developing Hong Kong into the world's premier offshore renminbi centre. RQFII is one of a package of central government ...




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