Currencies of China
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
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
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 2021 Aug 2012 - 7:32am
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
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 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 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
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 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
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
Bankers say the government's record 23 billion yuan (HK$28.2 billion) dim sum bond offer will boost the city as an offshore yuan trading centre and cement the renminbi as a true international currency.30 Jun 2012 - 12:00am
Australia is holding preliminary talks with Hong Kong and Beijing about establishing an offshore yuan market in Sydney to serve the demands of growing Sino-Australia trade and boost the currency's global standing.28 Jun 2012 - 12:00am
Two companies, both from the mainland, have filed preliminary prospectuses with the Hong Kong stock exchange to raise funds despite the weak market sentiment.
In addition to mining iron and copper, Wanguo International Mining, processes ore and sells metal concentrates. It plans to raise up to HK$315 million, according people familiar with the matter.26 Jun 2012 - 12:00am
Kevin McQueen finds a US economist hedging his bets.25 Jun 2012 - 12:00am
Beijing plans to boost the number of international insurance companies in Hong Kong that are allowed to invest in the mainland's stock and bond markets, as part of broader initiatives to expand those markets through the qualified foreign institutional investor (QFII) scheme.20 Jun 2012 - 12:00am