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  1. Once-mighty HK dollar shunned in delta

    Posted Jan 12th 2007, 12:00am by Staff Reporter

    ... shunned, sold, and frowned upon by taxi drivers and capital investors alike. Starbucks in Shenzhen has declined to accept Hong Kong or US dollars since last month. A HK$100 banknote can now buy ... against the US dollar, to which the Hong Kong currency is pegged. A fund manager at a Bank of China branch in Guangzhou said many of his clients with savings in Hong Kong dollars had started ...

  2. Pining for the good old days of low inflation and a buoyant dollar

    Posted May 05th 2008, 12:00am by Celine Sun

    ... dollars to yuan immediately after he is paid. 'I've never wanted to be paid in yuan as I don't think my company would change its policy for a small group of staff like us,' he ...

  3. Ports giant aims for 10pc growth

    Posted Apr 01st 2010, 12:00am by Charlotte So

    ... is on track.' Uncertainties in world trade still remain, ranging from the debt crisis in some European countries to high unemployment rates in the US and Europe, Fu said. Container volume would not necessarily rebound to the level of 2008, he added. China Merchants has been in talks with the Vietnamese government over a US$1 billion port project 100 kilometres from Ho Chi Minh City for more than ...

  4. Land of Discovery

    Posted Feb 05th 2012, 12:00am

    ... apartments on the top floor and we've been very happy, so we feel it's lucky for us. And seven plus one equals eight, which is also lucky. And, it's good to look out over water,' ... The two-part cast-iron table base (US$760 for each piece), the cast-iron chairs (US$390 each, including the canvas all-weather cushions) and the pendant lamp (US$800) all came from Restoration Hardware ...

  5. Exporters feeling the squeeze

    Posted Aug 19th 2011, 12:00am

    ... ago, the yuan exchange against the US dollar has strengthened by 0.8 per cent. Spot yuan, which hit an all-time high of 6.3820 per US dollar this week, has accumulated a 6.87 per cent gain ... Monetary Fund said on Tuesday that the yuan was undervalued by 20 per cent against the US dollar and investment bank UBS has forecast the mainland currency will hit 6.2 to the US dollar by December ...

  6. Guitar firm Tonerider plays for cost edge to ride out slowdown

    Posted Jan 28th 2008, 12:00am by Tom Miller

    ... on the mainland. 'Traditionally, we have always priced in US dollars, a decision we took early on to provide convenience to our international clients. But we have changed to a more complex ... for the company has been learning to manage international price differences caused by the yuan's quasi-peg to the US dollar, which has seen the yuan rise much more sharply against the dollar than ...

  7. Two mainland carmakers seek US$2b in IPOs

    Posted May 09th 2007, 12:00am by Staff Reporter

    ... Tim LeeMaster Two mainland carmakers, Beijing Automotive Industry Holding and Chongqing Changan Auto, are planning to raise a combined US$2 billion from initial public offerings in Hong Kong this year to fund their expanding operations, sources said. Beijing Auto, which has ventures with DaimlerChrysler of Germany and Hyundai Motor of South Korea, planned to raise up to US ...

  8. Private-equity firms woo investors

    Posted Jun 14th 2011, 12:00am

    ... May Chan may.chan@scmp.com Mainland private equity firms are seeking foreign investors in an attempt to internationalise their businesses by raising US dollar funds. Margaret Shao, ... of Shenzhen Oriental Fortune Capital, said private equity companies had to yet to resolve the potential conflicts of interest that could arise when they managed yuan and US dollar funds. ...

  9. News - China

    Qianhai economic zone chief says it won't compete with Hong Kong

    Posted Jun 28th 2013, 12:00am by George Chen

    ... China's growing status as the world's most important trading economy and reduce the dominant influence of the US dollar in the global financial system. The central government needs yuan ... reducing inflationary pressure on the mainland's financial system which is fuelled by capital controls, requiring the central bank to print bonds to absorb hundreds of billions of dollars ...

  10. US$800m for firms to clean up mainland

    Posted May 12th 2007, 12:00am by Olga Wong

    ... businesses for a stake in their energy savings can mean big profits Annual cost savings in US dollars of power plants in Jiangsu province: $375,000 Number of Hong Kong-funded enterprises in the Pearl ... Olga Wong Loans offered to help factories pollute less Hong Kong environmental technology companies will be able to borrow US$800 million from international banks to help devise ways ...




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