• Tue
  • Sep 23, 2014
  • Updated: 5:12pm


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.

Yuan rise puts heat on Hong Kong dollar peg

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.

Monday, 30 September, 2013, 4:00am

Experts wary of roll-out for liberalisation

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.

30 Sep 2013 - 4:00am

Not just about currency appreciation anymore

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.

23 Sep 2013 - 4:03am

Economists expect 5pc gain against greenback

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 allow more two-way fluctuations in the exchange rate, economists say.

23 Sep 2013 - 4:03am

Pressure on Hong Kong to remain top yuan hub

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.

23 Sep 2013 - 4:03am

Beijing's liberalising of yuan courageous, says Xinhua commentary

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 commentary yesterday.

22 Jul 2013 - 5:32am

'Liconomics' could mean a weaker yuan

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 growth set to slow as Li attempts to curb China's runaway credit creation.

28 Jun 2013 - 5:06am

PBOC approves individual outward investment pilot: report

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 progress towards capital account liberalisation.

26 Jun 2013 - 2:19am

The yuan hasn't overtaken the HK$ quite yet, Mr Chan

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 system, or RTGS, surpassed the value of Hong Kong dollar payments for the first time.

19 Jun 2013 - 4:40am 1 comment

Asian bonds a gamble for iShares

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.

17 Jun 2013 - 5:17am