The international monetary system needs some serious rethinking. On paper, it has to guarantee the orderly functioning of exchange-rate regimes and transnational financial flows.Thursday, 22 November, 2012, 3:18am
China has unveiled its first aircraft carrier, and is gearing up to challenge the United States in the South China Sea. By initiating a plan to internationalise its currency, China is similarly seeking to challenge the dollar on the international stage.
In carving out a global role for the renminbi, Chinese policymakers are proceeding deliberately. So, will China's plan succeed?17 Oct 2012 - 3:13am 2 comments
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
China, the world's largest holder of foreign reserves, saw its pool of foreign assets decline for the first time in more than a decade, triggering worries about an unbridled capital outflow that could adversely affect the mainland economy.
SCMP, January 1417 Jan 2012 - 12:00am
On October 5, the Triffin International Foundation celebrated the 100th anniversary of the birth of Robert Triffin, a Belgian economist who worked at the US Federal Reserve then returned to Europe to help with European monetary integration.15 Oct 2011 - 12:00am
IT MIGHT BE a new year, but it seems there is no change in last year's dominating trend. The US dollar plummeting against a range of currencies and gold effortlessly taking out new multi-year highs.7 Jan 2004 - 12:00am