Offshore yuan trading centre

British welcome of Asian business will hasten global economic recovery

14 Jan 2013

This year's Asian Finance Forum will, I'm sure, continue to be a source of new ideas and inspiration. Twelve months ago, I addressed the forum with a simple message: that Britain is the natural...

3:31AM

HKEx revamp comes with LME deal

8 Jan 2013

Hong Kong Exchanges and Clearing has unveiled a new management structure following its takeover of London Metal Exchange.

4:21AM

Hong Kong can benefit from changing mainland economy

7 Jan 2013

The economic relationship between Hong Kong and the mainland has advanced so much - and taken on so many new dimensions - that it's time to take another look at the way we assess the city's future...

2:36AM

HSBC: dim sum debt sales could reach HK$448bn in 2013

19 Dec 2012

Sales of dim sum debt may reach 360 billion yuan (HK$448 billion) next year as China's new leaders encourage use of the yuan in financial centres from London to Taipei, HSBC predicts.

2:37AM

Offshore trading of yuan rises in Hong Kong

15 Dec 2012

Yuan trade between non-mainland entities has risen to 18 per cent of the total yuan deals settled in Hong Kong, as Beijing seeks a greater role for the currency in global trade.

4:38AM

Britain needs to seal yuan-swap agreement, former PBOC adviser says

7 Dec 2012

Britain needs to build closer ties with China's central bank to unleash London's potential market in offshore yuan trading, a former adviser to the People's Bank of China says.

3:23AM

Opinion

Singapore interbank rates manipulation claims are hyped

5:29AM

Enoch Yiu

Qianhai the likely winner in the rush for Hong Kong investment

4:35AM

Hong Kong's offshore yuan market is driven largely by tax dodgers

Writing in these pages on Tuesday, my colleague Jake van der Kamp argued that the only thing driving the development of Hong Kong's offshore yuan market is currency speculation. People are only...

3:16AM

Offshore yuan market is mainly for speculation

And Beijing pushes ahead with yuan triumphalist campaign. It seems every second day that we read of yet another country eager to open an offshore yuan trading centre. Move aside, US dollar. The...

4:23AM

London pushes ahead with yuan ambitions

A slower yuan appreciation might dampen investors' interest in the currency but would not affect London's ambitious plans to develop itself as a leading offshore yuan centre.

4:26AM

SETTLEMENT

Bank of China to expand yuan business in UK

Bank of China plans to expand its yuan business in London as the city embarks on an ambitious plan to establish itself as the West's major centre for trade of offshore yuan.

12:55AM

CURRENCY

More exports can be in yuan, says economist

The mainland has plenty of room to grow the proportion of its external trade settled in yuan rather than foreign currencies, which will bring more opportunities for Hong Kong's trade financiers...

3:53AM