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  • November 27, 2014
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  1. Business - Banking & Finance - CURRENCIES

    Swift says 15 more countries now using yuan to settle over 10pc of trades with mainland, Hong Kong

    Posted Nov 26th 2014, 11:11am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com 15 more countries now using the mainland currency to settle trade and investment deals Yuan use grows in popularity around the world Fifteen more countries are now using the yuan to settle more than 10 per cent of their trade and investment deals with mainland China and Hong Kong- a development known as "crossing the RMB river"- bolstering ...

    http://www.scmp.com/business/money/money-news/article/1649148/swift-says-15-countries-now-using-yuan-settle-over-10pc
  2. Business - Banking & Finance

    China to liberalise yuan in experimental economic zones

    Posted Nov 22nd 2014, 05:04am by DANIEL REN AND JEANNY YU

    ... Daniel Ren in Shanghai and Jeanny Yu Mainland to liberalise yuan in experimental zones Beijing plans to liberalise the yuan's capital account in the state-level economic development ... to conduct full convertibility of the yuan and encouraged to promote cross-border use of the currency. Policy details were not given in the document distributed to ministry-level authorities ...

    http://www.scmp.com/business/banking-finance/article/1645765/china-liberalise-yuan-experimental-economic-zones
  3. Business - Banking & Finance - CURRENCIES

    Sydney yuan hub status a windfall for importers

    Posted Nov 18th 2014, 05:11am by Bloomberg

    ... Bloomberg in Sydney Direct exchange from Australian dollars will save as much as 7 per cent on deals with China Sydney yuan hub status a windfall for importers Australian importers are in line for a windfall after President Xi Jinping used his visit to the country to anoint Sydney as a yuan trading centre. The ability to exchange Australian dollars directly into yuan, rather ...

    http://www.scmp.com/business/banking-finance/article/1642540/sydney-yuan-hub-status-windfall-importers
  4. Business - Money

    Offshore yuan surges as through train kicks off

    Posted Nov 18th 2014, 05:09am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Yuan surges offshore as through train kicks off The yuan posted its biggest offshore intraday increase in more than three years yesterday as demand for the currency surged in response to heady buying of mainland shares on the debut of the stock connect scheme. The yuan in the offshore spot market jumped as much as 463 basis points, or 0.75 per cent, ...

    http://www.scmp.com/business/money/markets-investing/article/1642430/offshore-yuan-surges-through-train-kicks
  5. Comment - Insight & Opinion - LEADER

    HK at the centre of yuan reform

    Posted Nov 17th 2014, 04:48am by SCMP Editorial

    ... SCMP Editorial HK at the centre of yuan reform The 550 billion yuan (HK$700 billion) stock connect scheme that links share trading between Hong Kong and Shanghai from today has already been hailed as just as important to our city as the H-shares listings of 20 years ago. But the scrapping, at the same time, of the 20,000 yuan daily currency conversion limit is even more ...

    http://www.scmp.com/comment/insight-opinion/article/1641652/through-train-cements-hong-kongs-place-centre-yuan-reform
  6. Business - Banking & Finance - CURRENCIES

    Shanghai's role shrinks as Hong Kong scraps yuan cap

    Posted Nov 14th 2014, 07:00am by Daniel Ren

    ... Daniel Ren in Shanghai ren.wei@scmp.com Mainland city's financial hub status challenged amid competition in internationalising currency Shanghai's role shrinks as HK scraps yuan cap Hong Kong appears to have stolen a march on Shanghai with the decision to scrap the daily cap on yuan conversion by shifting settlement to its own offshore yuan pool, cutting Shanghai ...

    http://www.scmp.com/business/banking-finance/article/1639121/shanghais-role-shrinks-hong-kong-scraps-yuan-cap
  7. Business - Banking & Finance - REFORM

    Beijing takes baby steps on capital control easing

    Posted Nov 13th 2014, 07:10am by Benjamin Robertson

    ... One step at a time on yuan limits Ending restrictions on the amount of yuan Hong Kong residents can exchange reinforces the city's position as the global centre for offshore yuan trading and marks another incremental step in liberalisation of the mainland's capital account. It also helps alleviate the risk of a yuan liquidity squeeze once the stalled Shanghai-Hong Kong Stock ...

    http://www.scmp.com/business/banking-finance/article/1638391/beijing-takes-baby-steps-capital-control-easing
  8. Business - Banking & Finance - REFORM

    Through train a catalyst for removal of yuan exchange cap

    Posted Nov 13th 2014, 07:10am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Through train a catalyst for removal of yuan cap That the 20,000 yuan exchange cap will be removed the same day the stock connect scheme kicks off ... and chief executive for Hong Kong and Macau. "The daily cap has been in place for more than 10 years and it's time to remove it. The offshore yuan market has become mature and the stock ...

    http://www.scmp.com/business/banking-finance/article/1638394/through-train-catalyst-removal-yuan-exchange-cap
  9. Business - China Business - REGULATION

    Opening up credit card clearing market could lead to yuan outflows

    Posted Nov 05th 2014, 03:21am by DON WEINLAND

    ... Don Weinland don.weinland@scmp.com Ending UnionPay's monopoly over the clearing business could open avenues for abuse Open card market could lead to yuan leaks Opening ... for the domestic clearing business to open in August next year, when its customers, such as Visa and Mastercard, could be allowed to set up domestic yuan-denominated clearing businesses instead ...

    http://www.scmp.com/business/china-business/article/1632094/opening-credit-card-clearing-market-could-lead-yuan-outflows
  10. Business - Banking & Finance - DEBT

    Currency strength damps interest in yuan loans

    Posted Nov 03rd 2014, 04:19am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Mainland borrowers look for cheaper options to meet funding needs Currency strength damps yuan loan activity Hong Kong banks have been happy to extend yuan loans but they have not proved popular with borrowers. However, fresh data suggests new signs of life in the business, although growth as a percentage of yuan funding activity in the city ...

    http://www.scmp.com/business/banking-finance/article/1630873/currency-strength-damps-interest-yuan-loans

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