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  • November 25, 2014
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  1. Business - Comment - MONITOR TOM HOLLAND

    Blame greed, not the yuan, for Hong Kong's food price rises

    Posted Nov 07th 2012, 12:00am by Tom Holland

    ... Tom Holland The strengthening of the mainland currency is more of an excuse than a real reason for shopkeepers to charge more for a bite to eat in the city Blame greed, not the yuan, for Hong Kong's food price rises "Stronger yuan to bring Hong Kong higher food prices", warned a headline in last Saturday's South China Morning Post. The article that followed ...

  2. Business - Economy - TRADE

    Outgoing commerce chief warns over trade, inflation

    Posted Mar 08th 2013, 05:23pm by Victoria Ruan, Cary Huang

    ... say the figures may also provide China's major trade partners with ammunition to press Beijing for a stronger yuan. Chen, speaking at probably his last press briefing as trade minister, ... "The yuan will likely continue to see appreciation pressures," said analysts at Australia and New Zealand Banking. "But it may not be in China's interests to see a strong yuan ...

  3. Business - Money

    Stronger yuan to bring Hong Kong higher food prices

    Posted Nov 03rd 2012, 12:00am by Celine Sun, Charlotte So, Lulu Chen, Denise Tsang

    ... Staff Reporters The stronger mainland currency will certainly provide bargains for tourists from the north, but its effect will hit Hongkongers in the wallet Mixed yuan blessings Get ready for rising food and petrol prices, and the number of mainland tourists, as the effects of the yuan hitting a 19-year high spills over into Hong Kong. Inflationary risks are ballooning in the city, ...

  4. Buyers at Canton Fair fear unstable yuan after move to widen trading band

    Posted Apr 18th 2012, 12:00am

    ... Denise Tsang in Guangzhou denise.tsang@scmp.com Robert Fitzpatrick has been a worried man ever since the news of a wider yuan trading band reached the Canton Fair. The Australia-based trader, who imports car parts from China, has been making a neat pile in the past couple of years, riding on the strength of the Australian dollar against the yuan. He fears the doubling ...

  5. Latest yuan fund goes for the gold

    Posted Jan 31st 2012, 12:00am

    ... May Chan may.chan@scmp.com Hang Seng Bank yesterday unveiled the first yuan-denominated gold exchange-traded fund product on the market for investors who want to ride on the bullish outlook for gold and yuan appreciation. The yuan fund will track the performance of the London gold-fixing price in US dollars and the bank says it will help insulate investors from fluctuations ...

  6. Credit Agricole tips yuan's rise to slow next year

    Posted Dec 09th 2011, 12:00am

    ... Charlotte So charlotte.so@scmp.com The yuan will appreciate at a slower pace next year amid concerns about Europe's spiralling debt crisis and its impact on the region's trade ... pressure on the yuan to depreciate and economic growth that may slow to 8 per cent or less next year. 'We are getting less and less juice from the lemon,' said Davis Hall, Credit ...

  7. Talk of yuan convertibility in five years is just pie in the sky

    Posted Nov 22nd 2011, 12:00am

    ... Tom Holland Several times in the past couple of weeks, readers have asked me when I think Beijing is going to scrap its remaining exchange controls to make the yuan freely convertible. ... To see why Beijing is not going to relax its capital controls any time soon, we only need to imagine what would happen if the yuan were made fully convertible tomorrow. With the whole world ...

  8. Fed rates pledge spurs PBOC to boost yuan rate against dollar

    Posted Aug 12th 2011, 12:00am

    ... Jane Cai in Beijing xuejun.cai@scmp.com The yuan yesterday strengthened beyond 6.40 to the US dollar for the first time since 1993, bolstered by the United States Federal Reserve's vow to keep interest rates at a record low. The People's Bank of China yesterday set its reference rate 0.27 per cent stronger at 6.3991 yuan per dollar, the biggest rise since November ...

  9. What will the yuan be worth in one year's time against the US dollar?

    Posted Jun 20th 2011, 12:00am

    ... Jasper Moiseiwitsch jasper.moiseiwitsch@scmp.com We asked about the main forces affecting the valuation of the yuan right now, about the dominant forces driving its value, and how investors might capitalise on any expected appreciation. Mark Matthews (head of research Asia, Bank Julius Baer) projects a 4.5 per cent appreciation of the yuan against the US dollar over the next ...

  10. Analysts expect slower growth, stronger yuan

    Posted Jan 08th 2011, 12:00am by Enoch Yiu, Toh Han Shih

    ... and economists. They also believe the yuan, which has been rallying in recent months, will rise by 5 to 6 per cent in 2011. Vice-Premier Li Keqiang, now touring Spain, Germany and Britain, was quoted ... that could cause the slowdown, including a drop in export demand growth to 12 per cent a year in the next decade from 23 per cent in the last as a result of the rising yuan and labour costs, ...




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