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  • July 10, 2014
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  1. HK yuan deposits grow to 300b yuan

    Posted Jan 19th 2011, 12:00am by Lulu Chen

    ... Lulu Chen Yuan deposits in Hong Kong rose to an estimated 300 billion yuan (HK$353 billion) at the end of last year, a massive 376 per cent rise over the previous year as the city became ... Tak-lam, chief executive of the HKMA, said a two-way flow of the currency was important for the long term and sustainable development of yuan business in Hong Kong. While yuan deposit growth rates ...

  2. Business - Banking & Finance - FINANCE

    London pushes ahead with yuan ambitions

    Posted Dec 03rd 2012, 12:00am by Enoch Yiu

    ... Enoch Yiu in London enoch.yiu@scmp.com More and more British firms trading with Chinese companies are beginning to show a preference for settlement in yuan London pushes ahead with yuan ambitions A slower yuan appreciation might dampen investors' interest in the currency but would not affect London's ambitious plans to develop itself as a leading offshore yuan centre. ...

  3. Business - Banking & Finance - CURRENCIES

    China to 'allow full yuan convertibility' by 2015

    Posted Sep 13th 2012, 12:00am by JANE CAI AND DANIEL REN

    ... Jane Cai in Tianjin and Daniel Ren in Shanghai Decision will depend on state of global economy, says former central bank chief Beijing to 'allow full yuan convertibility' by 2015 China will probably take the groundbreaking step of making the yuan a fully convertible currency as early as 2015, former central bank governor Dai Xianglong said. "If nothing unusual takes ...

  4. Business - Banking & Finance - CURRENCIES

    Chicago's CME takes on HKEx in futures for offshore yuan

    Posted Sep 14th 2012, 12:00am by Bloomberg

    ... Bloomberg Chicago exchange will launch contracts in fourth quarter amid growing demand for hedging tools CME takes on HKEx in futures for offshore yuan CME Group, owner of the world's biggest futures exchange, will introduce deliverable futures for offshore yuan in the fourth quarter as growing use of the currency in world trade fuels demand for hedging tools. The move will put ...

  5. Comment - Insight & Opinion

    Offshore yuan market gets into its stride

    Posted Aug 20th 2012, 12:00am by Donna Kwok

    ... Donna Kwok Donna Kwok says the strategy of making China's currency truly international is on schedule Growing liquidity of offshore yuan signals a broader and deeper market ... also be included. If funds invested in higher-yielding renminbi certificates of deposits are taken into account (almost 140billion yuan- about HK$170billion- at the end of June) along ...

  6. CDB lists dim sum bonds worth 6b yuan on HKEx

    Posted Aug 04th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com China Development Bank listed six billion (HK$7.36 billion) worth of yuan-denominated bonds on the Hong Kong stock exchange yesterday, giving investors ... years. The bank's issue takes the number of yuan-denominated bond listings since 2007 to 41, worth 50 billion yuan. It is expected to boost Hong Kong's offshore yuan market ...

  7. Lenders scramble for non-resident yuan accounts

    Posted Aug 02nd 2012, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com Hong Kong lenders are getting ready to battle it out for non-residents who want to open yuan bank accounts in the city. Non-residents were allowed to open yuan ... mostly high interest rates, to compete for non-resident business. Previously, anyone without a Hong Kong identity card was barred from opening yuan accounts here. But the Hong Kong Monetary ...

  8. Think long and hard before buying into new yuan fund

    Posted Jul 11th 2012, 12:00am

    ... Tom Holland Marketing kicked off this week for the first yuan-denominated equity fund to be listed on the Hong Kong stock exchange. As the first product to be launched under the renminbi qualified foreign institutional investor, or RQFII, scheme, which allows Hong Kong holders of the yuan to invest in the mainland's equity markets, the new fund is sure to generate a lot ...

  9. 'Yuan scheme needs some big names'

    Posted Jun 25th 2012, 12:00am

    ... Fong says. The first RQFII quota, announced in December, was only offered to the 21 Hong Kong branches of mainland brokerages to enable them to market yuan-denominated fund products which ... Kong and that's why the first batch of RQFII fund products wasn't popular,' Fong said. 'When investors buy yuan fund products, it's natural that they want to buy from ...

  10. Not just banks to issue yuan bonds

    Posted Aug 18th 2011, 12:00am

    ... Sophie Yu sophie.yu@scmp.com Beijing has pledged to issue more government treasury bonds in Hong Kong after the sale yesterday of 20 billion yuan (HK$24.39 billion) in yuan ... would be allowed to issue up to 25 billion yuan in yuan bonds in Hong Kong this year. Beijing has set a 50 billion yuan quota to be shared equally between non-financial and financial ...




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