yuan-denominated

China has recently opened up to private equity firms, as foreign firms have finally been allowed to raise yuan-denominated funds.

TPG is one of a handful of firms to announce a yuan-denominated fund, which will raise funds from local investors.

State-controlled Bank of China Ltd. now allows customers at its branches in the U. S. to open yuan-denominated accounts.

The helicopter buzzing back and forth across the skyline represents the financial centre's more yuan-denominated future.

Top of their wish list is permission to distribute yuan-denominated mutual funds, which are increasingly popular among the rich.

Also, Malaysia's central bank may have to wait before it is in a position to start investing in yuan-denominated assets.

Banks have done a brisk business in yuan-denominated trade finance, which helps companies fund purchases of merchandise abroad.

The change to the program, which allows designated foreign investors to trade yuan-denominated A-shares, had been expected.

One of the things the firm is doing differently is launching a yuan-denominated fund in Beijing.

China has recently eased some currency controls as it tries to increase yuan-denominated transactions.

And the Shanghai Stock Exchange has a plan to let foreign companies offer yuan-denominated shares.

Big foreign banks are betting on rapid growth in the market for yuan-denominated financial products both in mainland China and offshore.

The bet is that holding yuan-denominated assets is an important feature of a diversified national reserve.

Last week, gaming company Galaxy Entertainment Group sold the first high-yield yuan-denominated bonds offshore.

Another factor that might push up yields: alternative options for investing in yuan-denominated debt.

In comments to reporters Tuesday, HKEx Chief Executive Charles Li expressed optimism that a yuan-denominated stock could be issued soon.

Another is the absence of a large market for yuan-denominated bonds.

A person involved in the offering said other yuan-denominated stocks aren't likely to come to market soon.

The latter in particular would have a healthy appetite for yuan-denominated security, anticipating a currency revaluation soon.

But big hurdles remain before the offshore market for yuan-denominated loans can broaden, banking executives say.

The program will be open to foreign banks to the extent they are involved in settling yuan-denominated trade.

But they also see development for China's yuan-denominated bond market.

That has created a market for yuan-denominated securities.

The move has opened the doors to wider issuance of yuan-denominated bonds and other investments.

It is also encouraging companies to issue yuan-denominated - or "dim sum" - bonds.

More generally, Harman employs a natural hedge in China by balancing its yuan-denominated payables and receivables.

This week, bankers in Hong Kong are finishing up the fund-raising for the first yuan-denominated stock to be sold outside China.

And the steady of stream of yuan-denominated funds that have gone to market in the last year bodes well for investment performance.

While many eagerly subscribe to yuan-denominated bonds issued in Hong Kong, the amount of such debt is still limited and yields are low.

Its yuan-denominated Shanghai shares are down 6. 5%.

UBS AG, for example, has raised the equivalent of $900 million for two funds to invest in yuan-denominated assets.

In another recent move, Hong Kong banks are now allowed to issue yuan-denominated bonds, a step towards building an offshore yuan market.

TPG has been in China for years and has yuan-denominated funds in Shanghai and Chongqing with which it can buy Chinese companies.

Earlier this year, the government also gave the go-ahead to let Chinese banks issue yuan - denominated bonds in Hong Kong.

China has taken some baby steps in this direction, for instance by allowing firms to issue yuan-denominated bonds in Hong Kong.

Dozens of foreign companies have issued yuan-denominated 'dim sum' bonds in Hong Kong.

Meanwhile in Hong Kong, there's no further developments on that yuan-denominated IPO from Mr. Li.

The world's largest fast-food company sold $29 million worth of yuan-denominated bonds in Hong Kong on Thursday.

After that, he believes Hong Kong could aim for dual listings of yuan-denominated shares in Shanghai and Hong Kong.

Several banks operating in China, including a unit of HSBC Holdings PLC, have begun issuing yuan-denominated bonds in Hong Kong.

In 2003, Hong Kong banks were permitted to take yuan-denominated deposits and exchange yuan for Hong Kong dollars.

The IPO will be the latest yuan-denominated product offered to Hong Kong investors seeking returns from their growing yuan deposits.

Traders are accepting it to settle bills with customers in China. Hong Kong companies are issuing yuan-denominated debt.

He advised America to buy instruments such as the yuan-denominated "dim sum" bonds now on offer in Hong Kong.

For example, they cite the potential for yuan-denominated stocks in Hong Kong.