Last week, the Rupp Report wrote about the initiative against rip-off artists, as it is called in Switzerland, or against Fats Cats, as called misleadingly in some other countries (See " The Rupp Report: Is Enough Now Enough?" ...
Australian businesses are increasingly settling their Chinese trade with the local currency rather than US dollars, as the world's second-biggest economy and Australia's biggest trading partner seeks to boost the yuan's global clout. ...
Tags: Australian businesses, Chinese trade, local currency, US dollars
Perng Fai-nan, governor of the Central Bank of China (CBC), announced yesterday (Dec. 19) that the CBC has embarked on the establishment of “foreign-currency settlement platform,” which will start operation in the middle of next ...
Tags: Central Bank of China, CBC, foreign-currency settlement platform
Taipei, Dec. 14, 2012 (CENS)--The Financial Supervisory Commission (FSC) decreed yesterday (Dec. 13) permitting designated banking units (DBUs) to undertake renminbi-related businesses. Following the launch of cross-Taiwan Strait currency ...
Tags: Renminbi Related Businesses, currency, FSC, bank
With the cross-Taiwan Strait currency clearance mechanism ready for launch, Perng Fai-nan, governor of the Central Bank of China (CBC), said yesterday (Dec. 12) that the CBC will strive to obtain renminbi-business quota higher than Hong ...
Tags: Taiwan, better treatment, Renminbi business
Taipei, Dec. 12, 2012 (CENS)--People’s Bank of China announced yesterday (Dec. 11) designation of the Taipei branch of the Bank of China (BOC) as the renminbi clearance bank in Taiwan, thereby kicking off the cross-Taiwan Strait ...
Tags: Currency Clearance, currency clearance mechanism, deposit, remittance
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Singapore agribusiness giant Wilmar International has booked a drop in first-half profits as the group suffered losses in its oilseeds and grains business. In the six months to the end of June, Wilmar recorded a net profit of US$373m, ...
Tags: Wilmar International, first half profits, food industry, food
The policy of the Financial Supervisory Commission(FSC)encouraging domestic enterprises to float renminbi-denominated bonds at the offshore banking units(OBU)of domestic banks may come to a halt,due to disagreement of the Ministry of ...
Taiwan may be able to establish RQFII (renminbi qualified foreign institutional investor) mechanism, similar to Hong Kong, thereby facilitating the flowing back of renminbi to mainland China, which is critical for Taiwan to develop into a ...
Tags: Taiwan, RQFII Mechanism
Taipei, Nov. 20, 2012 (CENS)--SinoPac Financial Holding Co., a private financial holding company in Taiwan, recently opened a bank branch in Kinmen, an offshore island of Taiwan, and a leasing branch in Xiamen, Fujian Province, China. ...
Tags: Sinopac Fhc, cross strait operation, finance, Taiwan
Taipei, Nov. 19, 2012 (CENS)--The offshore banking units (OBUs) and overseas branches of domestic banks are expected to contribute over 30% of domestic banks’ profits this year, a new high in the wake of the global financial tsunami. ...
Tags: Taipei, overseas business, Taiwan business, FSC
Taipei, Oct. 30, 2012 (CENS)--With the memorandum for cooperation in cross-Taiwan Strait currency clearance having taken effect, domestic banks will be able to inaugurate renminbi-related businesses following the designation of renminbi ...
Tags: CBC, Central Bank of China, People's Bank of China, domestic banks
Taipei, Oct. 25, 2012 (CENS)--In order to revitalize the international-board bond market, the GreTai Securities Market (the over-the-counter market) has proposed to the Financial Supervisory Commission (FSC) allowing simultaneous listing of ...
Tags: bond market, GreTai Securities Market, FSC, ECB
Taipei,Oct.15,2012--The implementation of the third-round quantitative easing(QE3)policy in the U.S.has prompted the mainland Chinese branches of Taiwanese banks to change their profit-making strategy,as interbank U.S.-dollar deposit ...