Fri, Aug 28, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Currencies more

Taiwan as yuan hub seen aiding Perng currency gain fight

Posted on 05 November 2012

Taiwan’s transformation into the world’s second offshore yuan center, after Hong Kong, will give central bank Governor Perng Fai-nan ammunition in his fight against currency appreciation.
SinoPac Financial Holdings Co., overseeing the island’s biggest yuan bond fund, and Uni-President Assets Management Corp., part of a Taiwanese conglomerate, say they will consider shifting more investments into higher-yielding assets denominated in China’s currency as officials finalize a clearing agreement first signed in August………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 42123 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
August 2015
S M T W T F S
« Jul    
 1
2345678
9101112131415
16171819202122
23242526272829
3031