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News on the RMB, the Chinese Currency

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Latest HSBC survey hints at a lucrative benefit if exporters use renminbi
Jul 26, 2013 (WiC 203)

The renminbi was top of the agenda at HSBC’s fifth Global Connections event in Guangzhou at the end of June. The conference, attended by more than 70 of the bank’s corporate clients from around the world, brought together a selection of ...

Taking it personal

Yiwu pilots yuan scheme for small businesses
Jun 14, 2013 (WiC 197)

A trip to Yiwu can be a bewildering affair. When a British newspaper visited the world’s largest wholesale market a few months ago, it met a British businessman who complained it was too hard to find the right product. “It is like finding ...

Betting on Qianhai

Outlook for new zone prompts property punts
Feb 1, 2013 (WiC 180)

In November 1986, Shenzhen hosted China’s first female bodybuilding contest – a radical undertaking when you consider that no one had donned a bikini in public since before Mao came to power in 1949. Shenzhen went on to pioneer much more ...

Be quiet and eat your carrots

Why Hong Kong banks are excited about new Qianhai Bay scheme
Jul 6, 2012 (WiC 157)

Most politicians hope for a honeymoon period of at least a few months when they first take office. So it will have been a disappointment for Hong Kong’s new chief executive, Leung Chun-ying, that he managed only a few minutes before the ...

Prasad on Mitt’s “tough” talk

If elected would Romney label China a currency manipulator?
Jun 8, 2012 (WiC 153)

Mitt Romney likes to stir up the crowds with his aggressive views on the Chinese currency. On day one of his presidency he vows he’ll label China a currency manipulator. If Romney makes it to the Oval Office will he go through with this threat ...

Show your appreciation

Controversy has raged over the value of the Chinese currency
May 18, 2012 (WiC 150)

As we enter what seems to be the final act of the euro’s drawn-out Greek tragedy, China’s currency – the renminbi – has been enjoying a few weeks outside the spotlight. Not that China’s critics are likely to be distracted by the ...

Osborne sees red

The City of London wants to become Europe’s renminbi hub
Jan 27, 2012 (WiC 136)

More than fifty years ago, the City of London began holding offshore dollar deposits, helping the British economy to offset some of the effects of a collapsing empire. “As the good ship Sterling sank, the City was able to scramble aboard a much ...

Much appreciated

A raft of new measures announced to help promote the renminbi
Aug 26, 2011 (WiC 119)

Moments of personal theatre are rare for China’s leaders nowadays, who often seem reluctant to stand out from the crowd. But Li Keqiang looked comfortable enough in the limelight last week, during his trip to Hong Kong. In the final section ...

Rise of the redback

New bond issues to flag renminbi’s internationalisation in the year ahead?
Dec 3, 2010 (WiC 88)

Fancy a light lunch? That’s a new possibility for fixed income investors, now that Dim Sums have joined Kangaroos, Maples, Yankees, Bulldogs and Samurais on the eclectic list of bonds issued in foreign currencies on domestic bourses. All of ...

Trust me, I’m a congressman

China’s position on renminbi appreciation needs explaining. Here goes...
Oct 22, 2010 (WiC 82)

Two Rs have been in the news in the past week or so. They are, of course, Rooney and the renminbi. The English footballer wants to leave Manchester United and is reputedly looking to up his value by 100% (in salary terms, anyway). And just like ...

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