Emerging Markets Report: Yuan deposits held in Hong Kong banks rise sharply

Chinese currency deposits in Hong Kong banks are expected to accelerate in coming months, marking what could be a tipping point for the use of the yuan as a currency for settlement and trade, analysts say.

Hong Kong to See Longer Maturity Yuan Debt, HSBC Says

Yuan bonds with longer maturities will soon be sold in Hong Kong as more institutional investors hold the currency, said Wing Wu, head of debt capital markets China at HSBC Bank (China) Co.

Bank of China Said to Plan Sale of 5 Billion Yuan of Bonds in Hong Kong

Bank of China Ltd. will sell up to 5 billion yuan ($735 million) of two- and three-year yuan- denominated bonds in Hong Kong Sept. 8, according to a person familiar with the matter.

Yuan Deposits in Hong Kong Climb 15.6% to Record in July as Market Opens

Yuan deposits in Hong Kong climbed 15.6 percent in July to a record, the biggest gain since April 2008, after China eased restrictions to promote greater use of the currency in global trade and finance.

US manufacturing sends Asian markets higher

By Danny McCord HONG KONG: Forecast-busting manufacturing data in the US boosted Asian stocks today, with the figures easing concerns over the state of the world's biggest economy. The news came a day after two surveys in China showed similar results, raising hopes that the global economy is not headed for a slowdown in the second half of the year. Tokyo surged 1.52%, or 135.82 points, to 9,062 ...