• Sat
  • Aug 30, 2014
  • Updated: 12:30pm

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.

Let cross-border payments use the yuan says Hong Kong's monetary chief

The move could be followed by a further relaxation of cross-border flows of yuan in both directions, Chan said, in tandem with the liberalisation of the mainland's capital account.

Friday, 22 February, 2013, 5:22am

A peg to the yuan would not solve Hong Kong's property problem

When people look for the cause of Hong Kong's property market ills, they often point to the city's currency peg to the US dollar.

Because of the peg Hong Kong automatically imports US interest rates, which at a whisker above zero are far too low for the city's relatively vigorous economy, they argue.

5 Feb 2013 - 5:02am 3 comments

Qianhai - a small zone with a big role

Qianhai, in Shenzhen, may be the smallest of the dozen experimental zones on the mainland - which include Nansha in Guangzhou and Hengqin in Zhuhai - but its role is arguably the most significant.

29 Jan 2013 - 4:56am

Make way, not war

China's foreign-exchange regulator urged Group of 20 nations to improve collaboration to avoid any so-called currency wars while signalling he is comfortable with the value of the yuan.

29 Jan 2013 - 4:56am

Banks get green light for 2b yuan in cross-border loans for Qianhai

China had announced it would let firms in Qianhai, a US$45 billion special economic zone in Shenzhen, take out yuan loans from banks just across the border in Hong Kong, with tenors and interest rates to be set independently, also a major step towards liberalising the country’s interest rate mechanisms.

29 Jan 2013 - 3:40am 5 comments

Mainland forex regulator warns of big swings in capital flows

The mainland should be prepared for big swings in speculative capital flows amid global economic uncertainties, the country's foreign exchange regulator said yesterday.

26 Jan 2013 - 2:43am

Hong Kong stock market to benefit from new mainland investor scheme

The Hong Kong stock market is poised to receive a windfall from a renewed effort by Beijing to allow more mainland citizens to buy securities listed on overseas exchanges.

13 Jan 2013 - 4:34am

Business Digest, January 10, 2013

Morgan Stanley, the sixth-largest US bank by assets, plans to eliminate about 1,600 jobs from its investment bank and support staff in coming weeks, a person familiar with the matter said. About half the reductions will be in the US and the rest will affect international employees, the person said. All levels of employees will be affected.

10 Jan 2013 - 4:21am

Non-China deals rise to 18pc of Hong Kong yuan trades

Yuan trades between counterparties based outside China rose to 18 per cent of the deals in the currency settled in Hong Kong.

14 Dec 2012 - 5:33pm

Winds of change 'to blow through' China's economy

Despite perceptions that China's new leadership under Xi Jinping will be conservative, some analysts believe Xi's administration-in-waiting seriously intends to undertake economic reforms.

Laura Cha Shih May-leung, a Hong Kong deputy to the National People's Congress, is one of those believers.

27 Nov 2012 - 4:08am