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  • July 29, 2014
  • Last updated: 5:33am
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  1. News - China - Foreign aid

    China provided 89.3 billion yuan in foreign aid in three years up to 2012

    Posted Jul 10th 2014, 11:51am by Agence France-Presse in Beijing

    ... to 12 countries in Europe China, the world’s second-largest economy, provided a total of 89.3 billion yuan (HK$112 billion) in foreign aid in the three years to 2012, it said on Thursday. ... of China’s combined Gross Domestic Product (GDP) of 139 trillion yuan over the period, far below the 0.7 per cent target proclaimed by the UN for developed nations. The US, which has an economy ...

  2. Business - Economy - CURRENCIES

    Pressure on Hong Kong to remain top yuan hub

    Posted Sep 23rd 2013, 12:00am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com The first part of a series marking the 10th anniversary of yuan business in Hong Kong examines the rise of rivals for the role Pressure on HK to remain top yuan hub After a decade as the only city in the world allowed to conduct offshore yuan business, Hong Kong is now facing fierce competition to its role as the leading offshore yuan centre. ...

  3. Business - Economy - CURRENCIES

    Experts wary of roll-out for liberalisation

    Posted Sep 30th 2013, 12:00am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com In the second part of our series on the yuan, we look at what market watchers are saying about Beijing's plan to open up its capital account Experts wary of roll-out for liberalisation Market watchers remain sceptical about whether Beijing's targeted time frame for opening its capital accounts, a key step in the yuan's journey to global ...

  4. Business - Economy

    Not just about currency appreciation anymore

    Posted Sep 23rd 2013, 12:00am by Jasper Moiseiwitsch

    ... Jasper Moiseiwitsch jasper.moiseiwitsch@scmp.com Not just about currency appreciation anymore Most Hongkongers have experienced the yuan story in terms of their investments. Initially, this was in the form of stockpiling vast amounts of yuan on deposit at banks at a low interest rate. But Hong Kong's yuan market has evolved quickly in three years. The big breakthrough happened in July ...

  5. Business - Economy

    Economists expect 5pc gain against greenback

    Posted Sep 23rd 2013, 12:00am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Economists expect 5pc gain against greenback The yuan is expected to appreciate 5 per cent against the US dollar by 2015, a more gradual pace than in recent years, amid a slowdown in mainland economic growth and financial reforms designed to allow more two-way fluctuations in the exchange rate, economists say. The yuan is set to reach about 5.80 per ...

  6. Business - Banking & Finance - CURRENCIES

    Mainland China banks set own yuan rates for retail clients

    Posted Jul 04th 2014, 01:41am by DON WEINLAND

    ... Don Weinland don.weinland@scmp.com Beijing's latest easing on exchange rate with greenback comes in lead-up to talks with US Mainland banks set own yuan rates for retail clients Mainland banks set their own exchange rates for the yuan against the US dollar for the first time yesterday in deals with retail clients, following the latest steps by the People's Bank ...

  7. News - China - ENVIRONMENT

    Beijing, Tianjin and Hebei's multimillion-yuan studies find smog is coming from neighbours

    Posted Jul 01st 2014, 07:22pm by Li Jing

    ... Tianjin and Shijiazhuang have each splashed several million yuan on research that could pinpoint the sources of the toxic pollutant PM2.5 in their air, with initial results showing other cities ... expensive and labour-intensive. For instance, Beijing municipal environmental monitoring centre has spent “several million yuan” on importing a piece of equipment which can analyse heavy-metal ...

  8. Business - Economy - CURRENCIES

    Beijing's liberalising of yuan courageous, says Xinhua commentary

    Posted Jul 22nd 2013, 12:00am by Reuters

    ... while manipulating their own currencies. "Tens of thousands of low-end manufacturers operating at a low profit margin have had to take a significant loss over a stronger RMB yuan ... yuan is easier said than done." Liberalising of the yuan courageous, says Xinhua ...

  9. Business - Banking & Finance - CURRENCIES

    Big challenges ahead for yuan to go global

    Posted Jun 30th 2014, 01:40am by Enoch Yiu

    ... for yuan to go global Wind the clock back five years and just over a dozen transactions marked the yuan's first tentative steps on the path to becoming an international currency. Now it has become the seventh-most used payment currency, with more than 4 trillion yuan (HK$4.9 trillion) in trade settlements last year. For Beijing policymakers, that is only the start, having signalled ...

  10. Business - Banking & Finance - CURRENCIES

    Yuan surges up currency rankings

    Posted Jun 28th 2014, 01:09am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Use of mainland currency in trade makes it No2 payment type between China and rest of world Yuan moves higher in globalrankings The yuan has become the second-most popular currency in cross-border transactions between China and the rest of the world, driven by its greater use in global trade and investment as offshore yuan hubs spring up, according ...




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