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  • September 17, 2014
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  1. Business - Economy - CURRENCIES

    Use of yuan in cross-border mainland China trade hits 3-month low

    Posted Sep 13th 2014, 04:47am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Use of yuan in mainland trade hits 3-month low Only 16 per cent of the mainland's cross-border trades were settled in yuan last month, a three-month low, as companies continued to avoid the currency amid its uncertain outlook and rising volatility in the foreign exchange market. In June and July, yuan trade settlement accounted for 21 per cent and 27 ...

    http://www.scmp.com/business/economy/article/1591290/use-yuan-cross-border-mainland-china-trade-hits-3-month-low
  2. Business - Economy - CURRENCIES

    Yuan jumps to 6-month high against US dollar

    Posted Sep 10th 2014, 04:05am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Rally comes after central bank raises midpoint exchange rate following record trade surplus Yuan jumps to 6-month high against dollar The yuan rose ... midpoint exchange rate for the yuan against the US dollar by 187 basis points to 6.152. The increase was the biggest since November 11, 2010, and led the yuan to hitting a six-month high of 6.1362. ...

    http://www.scmp.com/business/economy/article/1588904/yuan-jumps-6-month-high-against-us-dollar
  3. Business - Economy - CURRENCIES

    France out to build on gains as yuan hub, consul general in Hong Kong says

    Posted Jul 28th 2014, 04:26am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com The fifth-largest offshore yuan centre is keen to grab a bigger slice of the pie, the consul general says, as trade linkages with China expand France out to build on gains as yuan hub France wants to expand its yuan business on the back of a strong trade relationship with China, while its financial firms are keen to offer yuan investment products, ...

    http://www.scmp.com/business/economy/article/1560725/france-out-build-gains-yuan-hub-consul-general-hong-kong-says
  4. Business - Banking & Finance - CURRENCIES

    Delayed payments system stalls yuan’s global ambitions

    Posted Jul 09th 2014, 11:18am by Reuters

    ... Reuters in Beijing Roll-out of CIPS network won't be ready before 2016 due to technical glitches and policy snags Payment system delay hits yuan's global ambitions China's quest to turn the yuan into a full-fledged global currency has hit a roadblock, as the planned roll-out of a worldwide payments superhighway looks certain to be delayed by policy snags ...

    http://www.scmp.com/business/banking-finance/article/1550191/delayed-payments-system-stalls-yuans-global-ambitions
  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 ...

    http://www.scmp.com/business/banking-finance/article/1507284/bank-china-issuing-25b-yuan-bond-luxembourg
  6. Business - Banking & Finance - CURRENCIES

    Investors warned of more fluctuations in yuan

    Posted Mar 04th 2014, 05:09am by JANE CAI, Victoria Ruan, Kwong Man-ki

    ... band expected for yuan The mainland's foreign exchange chief has warned investors to expect more fluctuations in the value of the yuan as the currency moves towards a more market-based ... the band in which the yuan traded, currently set at no more than 1 per cent either side of the reference rate set by the central bank every day, saying instead that greater two-way movement should ...

    http://www.scmp.com/business/banking-finance/article/1439599/investors-warned-more-fluctuations-yuan
  7. Business - Economy - CURRENCIES

    Canada steps up push to create yuan trading hub

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

    ... 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 ... to explore opportunities in yuan," Jack Aubry, a finance department spokesman, said last month. "The government of Canada supports private-sector-led initiatives towards ...

    http://www.scmp.com/business/economy/article/1423428/canada-steps-push-create-yuan-trading-hub
  8. Business - Economy - CURRENCIES

    Export woes may spur yuan rethink

    Posted Nov 04th 2013, 05:49am by Victoria Ruan

    ... Export woes may spur yuan rethink Beijing may be about to begin a rethink of its currency policy in an effort to give the country's struggling exporters the flexibility they need to cope with a raft of painful economic reforms. The steady government-approved appreciation of the yuan has driven the currency to within a whisker of six to the US dollar, a level that broad swathes ...

    http://www.scmp.com/business/economy/article/1346789/export-woes-may-spur-yuan-rethink
  9. Business - Economy - CURRENCIES

    Traders bullish on yuan prospects

    Posted Oct 09th 2013, 12:00am by Bloomberg

    ... Bloomberg Confidence returns after the mainland economy shows signs of improvement and US shutdown weighs on the greenback Traders bullish on yuan prospects Yuan forwards signal ... returned," said Frances Cheung, senior strategist at Credit Agricole CIB. "The yuan is going to be stable and maybe gain a little, which means there is a smaller need for investors to hedge ...

    http://www.scmp.com/business/economy/article/1327557/traders-bullish-yuan-prospects
  10. Business - China Business - CURRENCIES

    Pearl River manufacturers brace for stronger yuan

    Posted Sep 30th 2013, 12:00am by Denise Tsang

    ... Denise Tsang in Nansha denise.tsang@scmp.com Pearl River manufacturers brace for stronger yuan Italian car parts maker Util has seen the yuan appreciate considerably against the US dollar ... crisis, the yuan has gained 26 per cent against the dollar in the past 10 years and economists expect a further rise of 5 per cent by 2015. That protracted appreciation has rung alarm bells ...

    http://www.scmp.com/business/china-business/article/1320797/pearl-river-manufacturers-brace-stronger-yuan

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