Italian car parts maker Util has seen the yuan appreciate considerably against the US dollar since it set up a factory in the Pearl River Delta six years ago.
- Thu
- Oct 3, 2013
- Updated: 5:23am
Yuan
The Chinese yuan, also known as the renminbi, is already convertible under the current account - the broadest measure of trade in goods and services. However, the capital account, which covers portfolio investment and borrowing, is still closely managed by Beijing because of worries about abrupt capital flows.
30 Sep 2013
With the rising use of the yuan in trade and investment, debate about the Hong Kong dollar's 30-year-old peg to the US dollar is intensifying.
4:00AM
30 Sep 2013
Market watchers remain sceptical about whether Beijing's targeted time frame for opening its capital accounts, a key step in the yuan's journey to global acceptance, is too soon.
4:00AM
23 Sep 2013
Most Hongkongers have experienced the yuan story in terms of their investments. Initially, this was in the form of stockpiling vast amounts of yuan on deposit at banks at a low interest rate.
4:03AM
23 Sep 2013
The yuan is expected to appreciate 5 per cent against the US dollar by 2015, a more gradual pace than in recent years, amid a slowdown in mainland economic growth and financial reforms designed to...
4:03AM
23 Sep 2013
After a decade as the only city in the world allowed to conduct offshore yuan business, Hong Kong is now facing fierce competition to its role as the leading offshore yuan centre.
4:03AM
China's moves to liberalise its currency have been courageous given the economic risks, and the next areas for reform include land policy, state-owned industries and taxation, Xinhua said in a...
5:32AM
With Premier Li Keqiang just over 100 days in the job, investors have concluded that he is serious about pressing ahead with financial reforms. That means economic pain in the short term, with...
5:06AM
China’s central bank has approved plans to launch a new pilot program allowing individual households to make financial investments overseas, state media reported on Tuesday, in the latest sign of...
2:19AM
Monday's edition of the Post quoted the boss of the HKMA, Norman Chan Tak-lam, proclaiming that in May the value of yuan interbank payments cleared through Hong Kong's real-time gross settlement...
4:40AM
Hongkongers like bonds, yuan and exchange-traded funds. So iShares had the brilliant idea of combining all three, creating Hong Kong's first offshore yuan-denominated bond ETF.
5:17AM
The Ministry of Finance said it plans to issue 23 billion yuan (HK$28.9 billion) of offshore yuan bonds in Hong Kong in two batches this year. The total issue size remains the same as last year...
5:03AM
6:00PM
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23 Sep 2013
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