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  • October 25, 2014
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  1. Business - Banking & Finance - CURRENCIES

    Sydney expected to get yuan clearing bank soon

    Posted Oct 25th 2014, 03:41am by Jeanny Yu

    ... trading partners Australia and Singapore. Sydney was on track to become the next offshore city to obtain a yuan clearing bank- as early as December- Elmer Funke Kupper, the chief executive ... in yuan. Sydney is looking to join Hong Kong, Singapore, London, Frankfurt, Taipei and Seoul as offshore centres that have obtained yuan clearing bank status. Singapore is set to start onshore ...

  2. Business - Banking & Finance - CURRENCIES

    Singapore beats London as offshore yuan hubs jostle for new positions

    Posted Jul 30th 2014, 01:25am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com The movers shake up ranks of offshore yuan centres Singapore, the US, Australia and South Korea emerged as the offshore hubs that saw their shares of the renminbi payments market grow the most in the past year. Singapore overtook London to become the biggest offshore renminbi centre outside Hong Kong. Its payments value accounted for 28.4 per cent ...

  3. Business - Economy - CURRENCIES

    Beijing's political ties crucial to liberalising the yuan

    Posted Oct 13th 2014, 04:13am by Jeanny Yu

    ... and the Monetary Authority of Singapore. Total deposits in the offshore yuan market amount to 1.9 trillion yuan and the currency now ranks seventh among the world's main payment currencies- ...

  4. Business - Banking & Finance - CURRENCIES

    Korean won loses allure on signs of intervention

    Posted Oct 02nd 2014, 04:50am by Bloomberg

    ... Bloomberg in Singapore and Seoul Korean policymakers are likely to step up efforts to weaken the unit as its continued strength against the yen is taking a toll on exporters Won loses ... in Asia to the Singapore dollar. "The won's move against the yen has been excessive," said Goh Khoon, a Singapore-based strategist at Australia & New Zealand Banking Group. ...

  5. Business - Banking & Finance - CURRENCIES

    Mainland Chinese banks eye Luxembourg as euro zone hub

    Posted Oct 06th 2014, 04:10am by Toh Han Shih

    ... half, more than the 635 billion for the whole of last year, according to official Luxembourg data. Holders of yuan securities mainly originate from Asia, namely Singapore (30.1 per cent), Hong ...

  6. Business - Banking & Finance - CURRENCIES

    Singapore snapping at Hong Kong's yuan heels

    Posted Mar 24th 2014, 04:45am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Business in the mainland currency is booming in Singapore, which aims to handle an amount equivalent to a third cleared in Hong Kong Singapore snapping at HK's yuan heels Singapore may well be a latecomer to yuan business, but the city state is wasting no time in its catch-up efforts, with its yuan clearing volume expected to reach a third ...

  7. Business - Economy - CURRENCIES

    Hong Kong dollar stable despite Occupy Central unrest

    Posted Oct 01st 2014, 04:18am by Bloomberg

    ... the Singapore- based head of Asia research at ING.. "If the protests die out, then volatility will decrease and the Hong Kong dollar will go back to HK$7.75." The Hong Kong dollar weakened ...

  8. Business - Banking & Finance - CURRENCIES

    Rupee forecasts ahead of rest of Asian currencies

    Posted Sep 11th 2014, 06:02am by Bloomberg

    ... foreign-exchange strategist at Australia & New Zealand Banking Group in Singapore. The rupee has risen from an all-time low of 68.845 per dollar in August 2013, and has gained 1.6 per cent this year, ...

  9. Business - Banking & Finance - CURRENCIES

    Singapore joins the RQFII party with 50b yuan quota

    Posted Oct 23rd 2013, 03:54am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com City state given 50b yuan quota during visit by Vice-Premier Zhang Gaoli Singapore joins the RQFII party Singapore has bolstered its credentials as an offshore ... during a visit by Vice-Premier Zhang Gaoli. In another development that nudges Singapore ahead of London, it will be given consideration to become one of the investment destinations ...

  10. Business - Banking & Finance - CURRENCIES

    NZ dollar's continued fall boosts expectations for rate rise

    Posted Aug 25th 2014, 03:34am by Reuters

    ... Capital in Singapore. The central bank faces a careful balancing act because while the weaker kiwi makes it easier to raise interest rates and curb inflation, a weaker currency can also import ...




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