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  1. Business - Comment

    Yuan's globalisation will take a while

    Posted Aug 21st 2012, 12:00am by Jake Van Der Kamp

    ... Jake Van Der Kamp Don't hold your breath for a global yuan The internationalisation of the renminbi is expected to continue to pick up pace, alongside the ongoing liberalisation of China's exchange rate, capital account and domestic financial market. Donna Kwok, HSBC Greater China economist, Insight page, August 20 You hear a lot of that line these days. Who says the yuan ...

  2. Business - China Business - SHIPPING

    Subsidies keep Rongsheng Heavy Industries in black

    Posted Aug 22nd 2012, 12:00am by Keith Wallis

    ... Industries, the mainland's largest shipbuilder in terms of order backlog, saw interim net profit for the six months ended June 30 plunge 82.3 per cent to 215.77 million yuan (HK$263.7 million), down from 1.22 billion yuan in the same period last year. Chief financial officer Sean Wang Shaojian said the shipbuilder received 670 million yuan in government subsidies in the first half ...

  3. Yuan settlements in HK hit 369b yuan

    Posted Feb 25th 2011, 12:00am by Enoch Yiu

    ... Enoch Yiu More than 70 per cent of cross-border yuan trade settlements conducted in Hong Kong last year came from mainland buyers paying yuan to settle bills with overseas sellers in Hong Kong, according to the Hong Kong Monetary Authority. Yuan trade settlements in Hong Kong totalled 369.2 billion yuan (HK$437 billion) last year, up from only 2 billion yuan in 2009, according ...

  4. Pulse of the people

    Posted Mar 02nd 2006, 12:00am by Staff Reporter

    ... the cat, but it has turned Victor Yuan Yue into the mainland's best-known pollster. As a child in rural Jiangsu he would dig into the schisms of village life. Now as head of Horizon Research, the market survey company he founded in 1992, Yuan is taking constant snapshots of the country's shifting social landscape. 'I'm into the knowledge behind the knowledge,' Yuan ...

  5. Yuan deposits soar 402pc to hit 314.9b yuan

    Posted Feb 01st 2011, 12:00am by Lulu Chen

    ... Lulu Chen Yuan deposits soared 402 per cent to 314.9 billion yuan (HK$373.43 billion) last year, boosted by trade settlement and currency exchange, the Hong Kong Monetary Authority said. Although it did not break down the sources of yuan deposits, data from the HKMA showed cross-border trade settlement was a strong driver for yuan deposits in the city. Yuan remittance ...

  6. Yuan deposits rise 15.6pc to 103.7b yuan

    Posted Sep 01st 2010, 12:00am by Enoch Yiu

    ... Enoch Yiu Mainland currency deposits in Hong Kong grew to 103.7 billion yuan (HK$118.4 billion) at the end of July, up 15.6 per cent month on month, according to the Hong Kong Monetary Authority. It was the fastest monthly growth since individuals were allowed to open yuan deposit accounts in 2004. It was prompted by a July 19 accord with Beijing which enabled financial ...

  7. Yuan shares the next step: HKEx

    Posted Aug 31st 2011, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com Establishing a popular yuan-denominated share market in Hong Kong is the next big step for the yuan to become a global currency, says the head of the city's exchange. Hong Kong Exchanges and Clearing chief executive Charles Li Xiaojia said the liquidity pool created by the increasing amount of trade settled in yuan is a good start. 'But ...

  8. Corrections & clarifications

    Posted Aug 19th 2011, 12:00am

    ... Due to a typographical error, a graphic yesterday on B1 showed the amount of yuan-denominated bonds issued in Hong Kong in the first seven months of this year as 4.6 billion yuan. It should have said 49.6 billion yuan. ...

  9. No takers for yuan IPOs amid fears and options

    Posted Jun 11th 2012, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com A year has passed since the city's stock exchange operator rolled out its guideline for firms to issue yuan-denominated shares, but there still ... would be allowed to sell shares denominated solely in yuan as well as in the currency and the Hong Kong dollar. Apart from new IPO firms, listed firms would be allowed to issue new shares ...

  10. Exporters run 'red line' as yuan strengthens

    Posted Oct 16th 2010, 12:00am by Staff Reporter

    ... Staff Reporter in Beijing 'Every time officials seem to hold a hard line on yuan, they are actually ready to give in,' Vera Wei, a Beijing-based furniture exporter to North America complained. She pointed to a chart showing that for the first week after the National Day holiday week, the yuan strengthened to 6.6 to the dollar from 6.8 while Premier Wen Jiabao ...




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