Yuan

ICBC to start clearing yuan in Singapore from Monday

25 May 2013

ICBC's Singapore branch said it would start yuan clearing bank services for participating banks. That might divert some yuan flows from Hong Kong because another yuan clearing bank in addition to...

2:53AM

Yuan's rise powers surge in gold trade

25 May 2013

Average daily volume was 6.5 billion yuan (HK$8.2 billion) so far this year, compared with 1.8 billion yuan for the same period last year, according to the Chinese Gold & Silver Exchange...

4:44AM

DBS expects yuan funds to swell in Singapore

22 May 2013

The biggest bank in Singapore expects yuan liquidity in the country to grow up to threefold from 100 billion yuan (HK$126 billion) in two to three years after the launch of clearing services for...

4:04AM

Despite curbs, China’s vast hot money triangle flourishes

20 May 2013

In an underground mall just a stone’s throw from China’s teeming border with Macau, a row of 30 small shops with identical golden plaques does a brisk, though shadowy trade with mainland Chinese...

11:29AM

The road to convertibility is paved with repression

8 May 2013

Great excitement followed Beijing's announcement on Monday that it will draw up an "operational plan" this year for deregulating domestic interest rates and making the yuan fully convertible.

5:20AM

Beijing cracks down on hot money inflows for bets on yuan appreciation

7 May 2013

In a circular to commercial banks the State Administration of Foreign Exchange (SAFE) introduced for the first time a minimum net open position in US dollars, restricting banks' capacity to lend...

4:17AM

Opinion

Howard Winn

Ferry companies shouldn't be subsidised while they burn dirty fuel

2:53AM

Shirley Yam

What were our top officials doing to let HKMEx fail?

3 comments

3:37AM

Australia takes lead in wider yuan role

Though hardly a week goes by without news of the increasing international role of the yuan, it tends to be of immediate interest to market professionals because it is so gradual. Beijing's capital...

2:32AM

Pegging Hong Kong dollar against yuan 'could take years'

The yuan will eventually be a feasible currency for Hong Kong to peg its dollar against, in place of the US dollar, said John Greenwood, known as the "father of the Hong Kong-dollar peg".

4:48AM

7 comments

Chinese strong talk on yuan reform masks policy quandary

China’s central bank has been talking tough on currency reform while it has also intensified market intervention, highlighting the fine line it must walk in trying to liberalise the yuan.

5:11PM

ECONOMY

HKMA reveals new measures to boost drive for yuan business

HKMA chief Norman Chan Tak-lam said the move would "deepen and enhance" Hong Kong's role as a clearing and trading centre for the yuan. While the currency is not fully convertible, Beijing has...

4:19AM

MONITOR

Yuan's rise traps authorities between rock and hard place

The yuan climbed to a record post-revaluation high against the US dollar yesterday. After its recent gains, the Chinese currency has now appreciated by 1 per cent against the US dollar so far this...

4:13AM

SCMP DEBATE

SCMP Debate: What's your expectation for China's GDP growth?

Reporters Victoria Ruan and Celine Sun spoke to senior executives and observers from several countries on the sidelines of this month's Boao Forum. Many believe China will maintain its rapid...

6:02AM