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  • November 24, 2014
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Results 1 - 10 of 572 for yuan internationalisation

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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. Business - Banking & Finance

    ADB puts priority on stability in yuan internationalisation

    Posted Sep 24th 2014, 06:13am by Victoria Ruan

    ... Victoria Ruan victoria.ruan@scmp.com Speedy opening not essential for progress on globalisation of yuan, ADB says Beijing seen in no rush on capital market The Asian Development Bank said Beijing probably will adopt a new model of currency internationalisation in which capital market development may not be as important as it has been in the past. Mainland authorities are concerned ...

  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. 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 ...

  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

    ... The renminbi is reordering the global trade environment, presenting new opportunities for those businesses bold enough to grasp them. ...

  8. Business - Economy - CHINA

    Shanghai free-trade zone edges closer

    Posted Jun 07th 2013, 12:00am by Daniel Ren

    ... Daniel Ren in Shanghai ren.wei@scmp.com Approval expected soon for plan that ties in with move for full yuan convertibility Shanghai free-trade zone edges closer Shanghai is expected ... of the commodities and capital. The newspaper said Beijing would allow full convertibility of the yuan in the pending free-trade zone, a move to help Shanghai fast-track transforming itself ...

  9. Comment - Insight & Opinion

    Goal of yuan convertibility within reach

    Posted Mar 27th 2013, 12:00am by QU HONGBIN

    ... of internationalisation of the "redback", as the renminbi is known by some, hasn't just taken off, it has soared. The proportion of Chinese exports and imports settled in renminbi has increased about six-fold in three years, to nearly 12 per cent; the pool of offshore renminbi, non-existent three years ago, now tops around 900 billion yuan (HK$1.1 trillion). By 2015, the currency could ...

  10. Comment - Insight & Opinion - JAKE'S VIEW

    Domestic investors' confidence in redback counts more than foreigners'

    Posted Apr 07th 2013, 12:00am by Jake Van Der Kamp

    ... Jake van der Kamp Domestic investors' confidencein rising 'redback' is the key The pace of internationalisation of the "redback", as the renminbi is known by some, ... holdings of yuan denominated investments and I have done reasonably well. I did not invest in them as any gesture of national loyalty. I did it purely for reasons for greed. I reckoned that Beijing ...




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