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  • September 17, 2014
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  1. 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 ...

  2. 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 ...

  3. Looser China can get yuan rolling

    Posted Feb 27th 2012, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com The mainland will need to liberalise its capital market more if it wants the yuan to become an international investment currency, according to the Asia-Pacific chairman of the world's largest asset manager. BlackRock regional chairman Mark McCombe said the rapidly growing Chinese economy and the drive to internationalise the yuan would continue ...

  4. Green light for hedge funds to raise yuan capital

    Posted Feb 29th 2012, 12:00am

    ... management firms to apply to set up yuan-denominated hedge funds. Such funds often place short-term bets and are therefore speculative by nature. Many foreign hedge funds have found it more difficult ... is attractive because it will give the hedge funds another avenue for cash, even if it comes with potential foreign-exchange risks from converting yuan to other currencies such as US dollars, ...

  5. Ping An seeks 26b yuan in bond issue

    Posted Dec 22nd 2011, 12:00am

    ... Sophie Yu sophie.yu@scmp.com Ping An Insurance (Group) plans to sell as much as 26 billion yuan (HK$31.7 billion) of convertible bonds to provide additional working capital. The six-year ... The Shenzhen-based insurer said in August that it would spend as much as 20 billion yuan to increase its stake in Shenzhen Development Bank to 61 per cent from 52 per cent. Kenneth Yue, senior analyst at CCB ...

  6. HSBC to sell yuan bonds in Europe

    Posted Aug 30th 2011, 12:00am

    ... HSBC Global Asset Management plans to launch yuan-denominated bond funds in Europe later this year. Europe's largest lender will sell Luxembourg-domiciled yuan bond funds throughout ... executive Joanna Munro said the bank also planned to offer yuan denominated funds in the US and Taiwan. This followed the launch of its US$500 million yuan-denominated fund in Hong Kong and Japan ...

  7. Sinohydro's reduced IPO raises 13.5b yuan

    Posted Sep 29th 2011, 12:00am

    ... billion yuan (HK$16.46 billion), 22 per cent less than originally targeted. The company, which has built about two-thirds of the mainland's domestic hydropower projects, offered three billion shares in the mainland's largest listing so far this year. It had planned to offer 3.5 billion shares,seeking 17.3 billion yuan. According to a statement, Sinohydro's shares ...

  8. Founder Securities in 10b yuan IPO

    Posted May 28th 2011, 12:00am

    ... Founder Securities, a mid-sized mainland brokerage, plans to launch an initial public offering on the Shanghai Stock Exchange that is expected to raise about 10 billion yuan (HK$12 ... size for the offering. It will be the first mainland brokerage to go public this year. Based on the valuations of listed brokerages, it could net about 10 billion yuan on the market, analysts ...

  9. 10b yuan helps PICC pave way for dual IPO

    Posted Jun 22nd 2011, 12:00am

    ... Celine Sun in Beijing celine.sun@scmp.com The National Social Security Fund of China has invested 10 billion yuan (HK$12 billion) in an 11 per cent stake in the People's Insurance ... a listing.' The national pension fund, which had 856.7 billion yuan of total assets as of the end of last year, is the mainland's largest institutional investor. Its main sources of funds ...

  10. Pension fund puts 10b yuan into market

    Posted May 18th 2011, 12:00am

    ... Daniel Ren in Shanghai ren.wei@scmp.com The mainland's national pension fund has allocated 10 billion yuan (HK$11.9 billion) more for equity and bond investments, breathing life ... according to two fund managers with the knowledge of the matter. The NSSF could not be reached for comment yesterday. The national pension fund has slated 4 billion yuan for bond investments, while ...




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