Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 41 - 50 of 52 results for "Renminbi"

Bad hair day

BENJAMIN ONG  |  FRIDAY, 24 SEP 2010
... has reinforced the immovable object's (China) resolve to say no to the irresistible force's (US) demand to revalue the renminbi.

BNY Mellon JVs for China funds strategy

PRESS RELEASE  |  THURSDAY, 8 JUL 2010
... State Administration of Foreign Exchange (SAFE) for an initial investment quota. This quota will allow it to invest in Renminbi-denominated treasuries and Shanghai and Shenzhen-listed A shares on behalf of overseas investors.

To spend or not to spend

BENJAMIN ONG  |  WEDNESDAY, 23 JUN 2010
Financial markets have comeback to reality after being distracted by the renminbi sideshow courtesy of the Peoples Bank of China. They've woken up to the reality that their dream of a floating, dearer yuan is just that a dream. Oh yes, the PBOC tried ...

Grass is greener in China

BENJAMIN ONG  |  FRIDAY, 16 APR 2010
... has again revived accusations of Beijing's "beggar-thy-neighbour" policy, particularly that of keeping the value of the renminbi "artificially" low. As I've said many, many times before, no amount of pressure would make Beijing kowtow to America's demands. ...

End game

BENJAMIN ONG  |  THURSDAY, 18 MAR 2010
America is zeroing in on China's weapon of mass destruction - the "overvalued renminbi". Yes Virginia, the US is drawing up battle plans as I write. According to Bloomberg, "Five senators including Charles Schumer of New York and Lindsey Graham of South ...

Wen has spoken

BENJAMIN ONG  |  TUESDAY, 16 MAR 2010

Still a two-way street

BENJAMIN ONG  |  TUESDAY, 9 MAR 2010
... anxious wait and speculation. And speaking of speculation, there's one brewing our way again. China is about to revalue the renminbi and abandon its US dollar peg...or not. Yes, yes I know. This has been going on fits and starts for a long time now. ...

Battle of the bulge

BENJAMIN ONG  |  TUESDAY, 17 NOV 2009
... US President Obama is in Asia right now and speculations are that he would pressure China to revalue its undervalued renminbi. Pressure China? Did you say pressure China? To use Darryl Kerrigan's (The Castle) quote again, "tell him his dreaming!" The ...

Dollar dilemma

BENJAMIN ONG  |  THURSDAY, 12 NOV 2009
... wait till China rises from being the third biggest economy in the world to the biggest. Lucky I still have some Chinese renminbi's hidden under my bed.

ANZ extends footprint in China

ANZ Bank this week announced its Shanghai branch has been granted an expansion to its renminbi licence by The China Banking Regulatory Commission allowing it to expand the trade-related services it can provide Chinese-owned enterprises. The expanded ...