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Results 51 - 60 of 1032 for renminbi

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  1. 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
  2. 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
  3. 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
  4. 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
  5. 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
  6. Fall and rise of the renminbi: 'people's currency' rides out downturn to become a global powerhouse

    Posted Sep 25th 2009, 12:00am by Staff Reporter

    ... a discount if I paid in renminbi,' Yang said. Thanks to rapid economic growth in recent decades and the fact China has emerged relatively unscathed from the economic downturn, the renminbi's purchasing power has strengthened, as has its ability to resist sudden fluctuations. In Hong Kong and some Southeast Asian countries, shop owners have long provided mainland tourists ...

    http://www.scmp.com/article/693519/fall-and-rise-renminbi-peoples-currency-rides-out-downturn-become-global-powerhouse
  7. 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
  8. Four cities chosen for renminbi trades

    Posted Mar 18th 2009, 12:00am by Paggie Leung

    ... Paggie Leung Guangdong has submitted a list of four pilot cities to the central government for the renminbi clearing scheme, which will allow companies to settle trades between ... for the renminbi settlement programme, Guangdong's Nanfang Daily reported. The proposal would allow about 300 companies in those cities to settle trade with enterprises in Hong Kong using the yuan, ...

    http://www.scmp.com/article/673652/four-cities-chosen-renminbi-trades
  9. Decision on renminbi transactions welcomed

    Posted Apr 10th 2009, 12:00am by Dennis Eng

    ... will be able to make use of RMB [renminbi] resources. Therefore, it provides greater security in this particular time of need and definitely will then create more jobs for Hong Kong. This will have ...

    http://www.scmp.com/article/676364/decision-renminbi-transactions-welcomed
  10. Tsang set to outline Hong Kong's role in renminbi clearing scheme

    Posted Apr 09th 2009, 12:00am by Paggie Leung

    ... Paggie Leung Chief Executive Donald Tsang Yam-kuen is expected to explain Hong Kong's role in the renminbi clearing scheme today after the State Council yesterday named Shanghai ... the nation's support for Hong Kong, saying that plans had been drawn up for renminbi trade settlement in the city, to be implemented as soon as they had received approval from the State Council. ...

    http://www.scmp.com/article/676234/tsang-set-outline-hong-kongs-role-renminbi-clearing-scheme

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