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  • July 13, 2014
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  1. 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 ...

  2. Business - Banking & Finance - CURRENCIES

    Delayed payments system stalls yuan’s global ambitions

    Posted Jul 09th 2014, 11:18am by Reuters

    ... say it is unlikely to be ready before 2016. The slippage might be good news for China's big clearing banks, such as Bank of China, and offshore yuan centres such as London or Singapore ...

  3. Business - Banking & Finance - CURRENCIES

    Yuan surges up currency rankings

    Posted Jun 28th 2014, 01:09am by Jeanny Yu

    ... financial centres such as London, Singapore and Frankfurt establish the necessary infrastructure and agreements to support [yuan] transactions, we will see the [yuan] grow significantly ... not use the euro, the ratio rose to 38 per cent from 25 per cent. Over the past year, yuan usage has expanded sharply in London, Singapore, Luxembourg, Paris and Frankfurt. Beijing has allowed ...

  4. Business - Banking & Finance - CURRENCIES

    Big challenges ahead for yuan to go global

    Posted Jun 30th 2014, 01:40am by Enoch Yiu

    ... the likes of Singapore, London and Frankfurt, which have been steadily developing their yuan trade business over the past two years. Wong said that while Hong Kong's share of trade settlement ... will inevitably move to places like Singapore, London and North America. However, the cultural and physical access to the world's most dynamic major economy that Hong Kong is having gives the city ...

  5. Business - Banking & Finance - CURRENCIES

    Yuan to trade directly with UK pound

    Posted Jun 19th 2014, 12:55am by Jeanny Yu

    ... billion yuan (HK$18.86 billion) of deposits, lagging far behind its major competitors such as Hong Kong and Singapore, or even Luxembourg. Robert Minikin, senior foreign exchange strategist ...

  6. 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 ...

  7. Business - Banking & Finance - CURRENCIES

    Hong Kong's yuan interest rates rise towards Shanghai levels

    Posted Jun 07th 2014, 01:13am by BLOOM

    ... research at ING in Singapore. "The authorities want increased convertibility as part of their economic reforms. Ultimately it will mean the end of the CNH market," he said, referring ...

  8. Business - Banking & Finance - CURRENCIES

    PBOC keeps yuan traders guessing as currency rallies

    Posted Jun 11th 2014, 01:15am by BLOOM

    ... a "fairly clear shift" in the PBOC's bias toward capping the weakness of the yuan, Singapore-based currency strategist Jonathan Cavenagh, wrote in a note. Cavenagh said he ...

  9. Business - Banking & Finance - CURRENCIES

    DBS expects yuan funds to swell in Singapore

    Posted May 22nd 2013, 12:00am by KANIS LI

    ... Kanis Li kanis.li@scmp.com Bank executive sees sharp rise in the currency's liquidity, spurring the launch of yuan reits DBS expects yuan funds to swell in Singapore The biggest bank in Singapore expects yuan liquidity in the country to grow up to threefold from 100 billion yuan (HK$126 billion) in two to three years after the launch of clearing services for the currency there. ...

  10. Business - Banking & Finance - CURRENCIES

    Bank of China plans to launch yuan bonds in Luxembourg

    Posted May 08th 2014, 11:18am by Jeanny Yu

    ... to issue an offshore yuan bond. In January, BOC issued 2.5 billion yuan worth of bonds in London, and in February it issued three billion yuan of "Lion City" bonds in Singapore ...




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