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  • August 29, 2014
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Results 1 - 10 of 15 for yuan

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  1. Business - Banking & Finance - CURRENCY

    Yuan tumbles to 11-month low, with fears it could fall further still

    Posted Mar 19th 2014, 11:52pm by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Yuan tumbles to an 11-month low The yuan fell to its weakest level against the US dollar since April yesterday, breaching the psychological level of 6.20 against the greenback, but market players fear the correction is not over yet. In three days of trading since the central bank doubled the trading band for onshore yuan, the currency has fallen ...

  2. Business - Banking & Finance - CURRENCY

    China doubles yuan trading range against the US dollar to 2 per cent

    Posted Mar 16th 2014, 05:01am by Victoria Ruan

    ... Victoria Ruan in Beijing victoria.ruan@scmp.com Currency will be allowed to move 2pc up or down in further liberalisation move Beijing doubles yuan trade band China's central bank has decided to double the daily trading band for the yuan against the US dollar from tomorrow, marking a step forward in giving the currency more flexibility. The People's Bank of China ...

  3. Business - Banking & Finance - CURRENCY

    London jumps queue in race to be yuan hub

    Posted Oct 15th 2013, 05:13pm by PHOENIX KWONG

    ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com Beijing grants British investors quota under scheme for direct investment in securities London jumps queue in race to be yuan hub London has stolen a march over Singapore in the race to become a yuan hub, becoming the first foreign city to be allowed to invest directly in domestic securities on the mainland. Beijing yesterday agreed ...

  4. Business - Banking & Finance - CURRENCY

    Slowing down the yuan

    Posted May 17th 2013, 12:00am by BLOOM

    ... Bloomberg The flood of foreign capital into the mainland has led the authorities to attempt to put the brakes on the mainland's speeding currency Slowing down the yuan Derivatives traders are scaling back bets that the yuan will appreciate, as record capital inflows prompt mainland authorities to investigate possible fraud relating to export data and to require banks ...

  5. Business - Money - CURRENCY

    Yuan investments

    Posted Oct 29th 2012, 12:00am by Jasper Moiseiwitsch

    ... a handle on yuan The yuan appreciation story is back on the boil. After a steady drop in the volume of yuan deposits held in Hong Kong over the past year and declines registered by the currency (against the US dollar in the middle of the year) on concerns about a decelerating mainland economy, last week the yuan somewhat surprisingly hit a 19-year high. Investors believe the economy ...

  6. Business - Money - CURRENCY

    Inflation, trade drive yuan to 19-year US$ high

    Posted Jan 12th 2013, 12:00am by JANE CAI

    ... Jane Cai in Beijing xuejun.cai@scmp.com But euro zone's woes cast shadow over prospects for sustained export growth Inflation, trade push yuan to 19-year US$ high The yuan ... to an overnight fall in the US dollar. The yuan is allowed to trade up to 1 per cent on either side of the daily fixing. "Markets have turned increasingly bullish recently on the yuan and some key ...

  7. Business - Banking & Finance - CURRENCY

    Yuan gains tipped to run out of puff next year

    Posted Dec 31st 2012, 12:00am by JANE CAI

    ... Jane Cai in Beijing xuejun.cai@scmp.com Yuan gains tipped to run out of puff Yuan gains tipped to run out of puff next year The yuan is expected to strengthen only slightly next year ... the yuan about 1 per cent stronger against the US dollar so far this year, after advancing against the greenback for 99 of the 201 trading days in the January-October period, retreating for 101 ...

  8. Business - Economy - CURRENCY

    HKMA supports Shanghai as onshore yuan hub

    Posted Dec 13th 2012, 12:00am by REN WEI

    ... Daniel Ren in Shanghai ren.wei@scmp.com Norman Chan says mainland city would be top beneficiary of currency's full convertibility HKMA to back Shanghai's onshore yuan hub plans Hong Kong Monetary Authority chief executive Norman Chan Tak-lam yesterday pledged to support Shanghai in building an onshore market for the yuan. Chan said he and Shanghai vice-mayor Tu ...

  9. Business - Economy - CURRENCY

    China rebuts US claim that the yuan is still significantly undervalued

    Posted Nov 29th 2012, 12:00am by AFP

    ... Agence France-Presse in Beijing US Treasury says yuan must rise more but falls short of calling Beijing currency manipulator China rebuts US claim yuan still undervalued China has denied US accusations that the yuan was significantly undervalued, after the US Treasury said the currency's rise so far was insufficient, but stopped short of labelling Beijing a currency ...

  10. Business - Money - CURRENCY

    More exports can be in yuan, says economist

    Posted Nov 13th 2012, 12:00am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com More exports can be in yuan, says economist The mainland has plenty of room to grow the proportion of its external trade settled in yuan rather than foreign currencies, which will bring more opportunities for Hong Kong's trade financiers despite growing competition from other offshore yuan trading centres, according to an economist. Citing ...




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