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  • July 14, 2014
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  1. News - Business - ECONOMY

    China takes big step towards fully convertible yuan

    Posted May 07th 2013, 12:00am by DANIEL REN AND VICTORIA RUAN

    ... Daniel Ren in Shanghai and Victoria Ruan in Beijing State Council says it is preparing plan for internationalised currency Big step taken towards fully convertible yuan In a move towards internationalising the yuan, the State Council said yesterday it will unveil an operational plan this year to make the currency fully convertible under capital accounts. The plan is likely to include ...

  2. Business - Comment - MONITOR

    Shocking news for believers in yuan as new world currency

    Posted Apr 09th 2013, 12:00am by Tom Holland

    ... Tom Holland A desire for an internationalised yuan is misplaced – as was made clear last week, ending capital controls too soon could have devastating effects Shocking news for believers ... cost-benefit analysis before widening the yuan's international use. Yuan internationalisation, he said, might be useful for reducing exchange rate risk for China's importers and exporters, ...

  3. Yuan internationalisation runs into some problems

    Posted Jul 10th 2012, 12:00am

    ... Tom Holland For the last couple of years the grand panjandrums of Hong Kong's banking sector have banged on relentlessly about how the internationalisation of the yuan is our ... the first chart). This waning of enthusiasm has led Yu to conclude that 'progress in the yuan as a settlement currency is superficial'. To date, Beijing's attempts to internationalise ...

  4. Business - Banking & Finance

    Hong Kong bankers say reforms will help establish Qianhai as yuan centre

    Posted Feb 26th 2013, 12:00am by Enoch Yiu

    ... "This is a breakthrough development that will benefit not just the banks, but it also marks an important step forward in the internationalisation of the yuan," In December, ... in the internationalisation of the yuan Last month, HSBC, the largest bank in Europe and Hong Kong, was among 15 Hong Kong banks given permission to offer a combined 2 billion yuan (HK$2.46 billion) in loans ...

  5. Business - Banking & Finance - CURRENCIES

    Bank of China plans to launch yuan bonds in Luxembourg

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

    ... Jeanny Yu jeanny.yu@scmp.com Lender marketing the first yuan bonds to be listed in the euro zone by a Chinese company BOC plans Luxembourg yuan bonds Bank of China has returned to the market to raise funds and is marketing its first euro-zone-listed, yuan-denominated bond to be traded in Luxembourg. The mainland's third-largest lender started marketing the notes ...

  6. Comment - Insight & Opinion

    Demand for yuan remains strong

    Posted Apr 23rd 2013, 12:00am by CANDY HO

    ... Candy Ho Candy Ho sees investors taking a more sober view after heady early days Demand for yuan remains strong,despite some easing After four years of heady expansion, the offshore ... internationalisation project has plateaued and will struggle to get to the next level before China dismantles the rest of its capital controls, which is unlikely in the immediate future. ...

  7. Comment - Insight & Opinion

    Doors will open for Hong Kong businesses switching to renminbi trade

    Posted Apr 11th 2013, 12:00am by ALBERT CHAN

    ... Albert Chan Albert Chan looks at how HK businesses can open up new opportunities Lower costs, bigger market await the renminbi adopters The renminbi is reordering the global trade environment, presenting new opportunities for those businesses bold enough ...

  8. Business - Economy - CURRENCIES

    Canada steps up push to create yuan trading hub

    Posted Feb 08th 2014, 05:12am by Bloomberg

    ... dated March 18 last year, talked about "developments in [yuan] trading opportunities for Canada]. It outlined China's recent push to internationalise its currency and described ... Bloomberg in Toronto Canada steps up push to create yuan trading hub Canada is stepping up efforts to become North America's first yuan trading hub as China looks to open up its ...

  9. Business - Economy - MONITOR

    The yuan is falling, but only because Beijing wants it to

    Posted Mar 03rd 2014, 02:59am by Tom Holland

    ... Tom Holland Despite talk of a greater role for market forces, the currency is still far from freely floating with constant interventions from the central bank The yuan is falling, but only because Beijing wants it to It is hard to fathom quite why so many people have been surprised by the recent fall in the value of the yuan. Over the past couple of weeks, the mainland currency has ...

  10. Business - Banking & Finance

    Yuan overtakes euro to become second-most used finance currency

    Posted Dec 04th 2013, 05:27am by Jeanny Yu

    ... Swift's findings come as China pushes hard to internationalise the yuan. The People's Bank of China on Monday published a blueprint for the Shanghai free-trade zone, a key test bed for full ... Jeanny Yu jeanny.yu@scmp.com Yuan takes No 2 spot in trade finance The yuan has surpassed the euro to become the second-most commonly used currency in global trade finance, after the US ...




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