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  • October 23, 2014
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Results 1 - 10 of 44679 for yuan internationalisation

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  1. 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 ...

  2. 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 ...

  3. 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, ...

  4. Business - Banking & Finance

    Cross-border yuan payment platform next challenge for Beijing

    Posted Oct 20th 2014, 05:05am by Jeanny Yu

    ... "What is still not thoroughly understood by overseas market participants and investors is the fact that the internationalisation of the [yuan] is fundamentally a policy-driven event, ... Jeanny Yu jeanny.yu@scmp.com Payment platform next task for Beijing Launching a long-awaited cross-border yuan payment platform is one of the next challenges Beijing needs to tackle given ...

  5. Business - Economy - CURRENCIES

    Beijing's political ties crucial to liberalising the yuan

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

    ... on to as the president furthers Beijing's goals for the internationalisation of the yuan. Xi's overseas trips, events that have long been choreographed around business and trade initiatives, have been ... in place within such a short period of time without those visits," said Liao Qun, the chief economist and head of research at Citic Bank. "Fundamentally, [yuan] internationalisation ...

  6. Business - Banking & Finance - CURRENCIES

    Yuan to start direct trading with euro today

    Posted Sep 30th 2014, 04:32am by Bloomberg

    ... Bloomberg Move comes as mainland China encourages usage and internationalisation of currency Yuan to start direct trading with euro today The mainland will start direct trading between ... in China's yuan internationalisation," said Liu Dongliang, an analyst with China Merchants Bank in Shenzhen. "However, the real impact on foreign exchange rates and companies may be limited ...

  7. Business - Banking & Finance - THE VIEW

    China speeds up transformation of yuan into global currency after crisis

    Posted Oct 20th 2014, 09:26am by Cathy Holcombe

    ... Cathy Holcombe Yuan's transformation into a global currency has been speedy, but major reforms are needed if China is to seriously challenge the US dollar's status Dollar domination vs yuan As US long bond yields dip below 2 per cent, we are reminded once again that when the world gets nervous, the United States government's funding costs get cheaper. ...

  8. 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 ...

  9. 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 ...

  10. Business - Economy - ECONOMY

    Yuan convertibility on back burner as Beijing focuses on other reforms

    Posted Aug 07th 2014, 11:58am by Reuters

    ... in 2009, when internationalisation was seen as a way for companies to reduce currency risks and also to challenge the US dollar's role as the key reserve currency. As the yuan is increasingly ... the currency is fully liberalised. The government keeps a tight grip on speculative flows, but under the yuan internationalisation scheme, firms can move their funds across the border through trade ...




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