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Results 51 - 60 of 1067 for renminbi

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  1. 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 ...

    http://www.scmp.com/comment/insight-opinion/article/1071884/world-must-prepare-accept-renminbi-global-currency
  2. 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 ...

    http://www.scmp.com/comment/insight-opinion/article/1062556/does-democracy-matter-renminbi-success
  3. 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
  4. 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
  5. 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
  6. 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
  7. 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
  8. 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
  9. Comment - Insight & Opinion

    China must resist calls to liberalise its capital account too much, too soon

    Posted Oct 08th 2014, 02:39pm by PROJECT SYNDICATE

    ... liberalisation. This option might initially appear attractive, particularly given the Chinese government's desire to internationalise the renminbi. But appearances can deceive. A new report argues ... countries' currencies. None of this is intended to suggest that the internationalisation of the renminbi should not take place in the foreseeable future. Given the importance of China in the global ...

    http://www.scmp.com/comment/article/1612073/china-must-resist-calls-liberalise-its-capital-account-too-much-too-soon
  10. 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 ...

    http://www.scmp.com/business/money/article/1475607/yuan-decades-away-being-global-reserve-currency

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