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  1. 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 ...

    http://www.scmp.com/article/993512/renminbi-takes-major-step-towards-acceptance
  2. 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
  3. 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
  4. Comment - Insight & Opinion

    Currency reforms won't be stalled by yuan volatility

    Posted May 30th 2013, 12:00am by JU WANG

    ... Ju Wang Ju Wang assesses efforts to curb speculation amid the liberalisation drive Currency reforms won't be stalled by yuan volatility The renminbi has experienced increasing ... inflows have helped make the renminbi one of the bestperforming major currencies this year, at a time when growth in China is slowing. A further concern is that some of these inflows appear ...

    http://www.scmp.com/comment/insight-opinion/article/1249133/currency-reforms-wont-be-stalled-yuan-volatility
  5. 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
  6. Business - Money - CURRENCIES

    Growing power of the yuan

    Posted Jun 10th 2013, 12:00am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com The mainland currency has risen steadily to a record high against the US dollar, its stability and positive yield catching investors' attention Growing power of the yuan The yuan has continued its strong run, rising to ...

    http://www.scmp.com/business/money/investment-products/article/1257273/growing-power-yuan
  7. 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
  8. Business - Banking & Finance

    ECB sees yuan challenging greenback

    Posted Feb 28th 2014, 01:10am by BLOOM AND REUTERS

    ... currency, the renminbi is now taking the first steps toward establishing itself as an international investment currency," Mersch said at Luxembourg's Renminbi Forum on Wednesday. "Due to the size of China's economy and its importance in global trade and, potentially, finance, the renminbi might ultimately come to challenge the US dollar" as a leading reserve currency. ...

    http://www.scmp.com/business/banking-finance/article/1436560/ecb-sees-yuan-challenging-greenback
  9. Comment - Insight & Opinion

    Offshore yuan market gets into its stride

    Posted Aug 20th 2012, 12:00am by Donna Kwok

    ... The offshore renminbi market in Hong Kong has just turned two years old and the currency has made extraordinary strides. Since it took its first toddler steps in July 2010, the daily turnover in the offshore renminbi foreign exchange market has risen from essentially nothing to US$4billion, and one-tenth of China's trade is now settled in its home currency, up from 2per cent two years ...

    http://www.scmp.com/comment/insight-opinion/article/1018577/offshore-yuan-market-gets-its-stride
  10. Business - Banking & Finance - CURRENCIES

    Hong Kong urged to expand its advantage in yuan trade

    Posted Apr 12th 2014, 12:59am by Ray Chan, Jeanny Yu

    ... Ray Chan and Jeanny Yu Finance industry experts say more effort needed to widen issuer base in offshore yuan market City urged to build on renminbi lead Financial executives have urged ... of offshore yuan quota to buy mainland stocks or bonds. Singapore obtained 50 billion yuan of similar quota last year. Renminbi deposits and outstanding RMB certificates of deposits totalled more than ...

    http://www.scmp.com/business/banking-finance/article/1477019/hong-kong-urged-expand-its-advantage-yuan-trade

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