Offshore banking involving the Chinese renminbi is expected to grow beyond the use of deposits outside China to fund foreign borrowers.
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Offshore renminbi to complicate China credit controls: BIS
Entries Tagged 'China' ↓
Offshore renminbi to complicate China credit controls: BIS
December 12th, 2011 — China, Forex, Stock News
Has China’s drive to internationalise the yuan stalled?
December 1st, 2011 — Bonds, China, Forex, Stock News
Declining cross-border yuan settlements, falling deposits in Hong Kong banks and rising yields on the so-called dim sum bonds have raised concerns that China’s drive to turn its currency into the preferred medium for trade may be stalling.
Yuan rises vs dollar on record high fixing, G20 meeting
November 3rd, 2011 — ACE, China, Forex, Stock News
The yuan rose slightly after the People’s Bank of China set the mid-point at a record high, underlining its intention of letting the Chinese currency appreciate at a quicker pace during the Group of 20 meeting in France.
Yuan rises vs dollar after record high mid-point
September 28th, 2011 — China, Forex, Stock News
China’s yuan rose against the dollar in morning trade on Wednesday after the central bank set a record high mid-point.
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Yuan rises vs dollar after record high mid-point
China’s yuan to become reserve currency: Nigeria Central Bank Governor
September 6th, 2011 — China, Forex, Stock News
It is inevitable that the yuan would grow into a global reserve currency one day, Nigeria Central Bank Governor Lamido Sanusi said on Tuesday.
Yuan ends down on mid-point, dollar settlement demand
August 22nd, 2011 — China, Forex, Stock News
The yuan closed down against the dollar on Monday, even though the People’s Bank of China set a slightly firmer mid-point due to dollar demand for trade settlement and profit-taking after the yuan hit a series of record highs in the past two weeks.
Yuan hits record high, up 6.1 pc since depegging
August 1st, 2011 — China, Forex, Stock News
The yuan closed up against the dollar after hitting a record trading high on Monday, as the People’s Bank of China set an all-time high mid-point fixing, following the sinking dollar index .
