• Fri
  • Aug 22, 2014
  • Updated: 9:48pm

Currencies of China

What bank research reports don't tell you about the yuan

Yet another research report about how the yuan is set to challenge the US dollar as the world's dominant reserve currency popped into my e-mail inbox yesterday.

Thursday, 23 August, 2012, 7:21am

Subsidies keep Rongsheng Heavy Industries in black

China Rongsheng Heavy 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.

22 Aug 2012 - 4:21am

Yuan's globalisation will take a while

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

21 Aug 2012 - 7:32am

Meilan plans dual-currency IPO in Hong Kong

Meilan International Holdings, a mainland chemical producer, may become the first company to raise both yuan and Hong Kong dollars with a planned dual-currency initial public offering in the city in the fourth quarter.

But brokers have already cautioned that investors may not favour these dual offerings given the current weak market conditions.

14 Aug 2012 - 9:07am

IMF takes a softer line on yuan

The International Monetary Fund called China's currency 'moderately undervalued' and expressed confidence the mainland economy will grow by 8 per cent this year - faster than the government's target.

26 Jul 2012 - 12:00am

Retail investors less hungry for dim sum bonds

Retail investors in Hong Kong are showing less appetite for dim sum bonds this year, as expectations of rapid gains in the value of the currency diminish.

14 Jul 2012 - 12:00am

Australia seeks direct yuan conversion, a threat to US dollar's dominance

Australia plans to work with China to allow direct conversion between the Australian dollar and the yuan, which would make it the third country to have such a bilateral currency arrangement.

The move is designed to help the Sino-Australian commodities trade and would pose a fresh challenge to the world dominance of the US dollar.

12 Jul 2012 - 12:00am

Yuan internationalisation runs into some problems

For the last couple of years the grand panjandrums of Hong Kong's banking sector have banged on relentlessly about how the internationalisation of the yuan is our financial future.

This column has long been sceptical, even when scepticism has been a lonely stance.

10 Jul 2012 - 12:00am

London faces liquidity test in yuan-hub bid

London is not competing with Hong Kong in developing a yuan trading centre, a top executive at the City of London Corp said yesterday during a tour to promote the British city's role as a Western hub for the Chinese currency.

'It's not a race with Hong Kong to develop an RMB business centre,' Mark Boleat, chairman of policy and resources at the corporation, said.

3 Jul 2012 - 12:00am

Less appetite for dim sum bonds this year

Several banks in Hong Kong said retail investor appetite for China's sovereign debt issue was weaker than last year, partly reflecting expectations that the yuan's appreciation is likely to slow.

30 Jun 2012 - 12:00am