RMB Business in Hong Kong Financial Services and the Treasury Bureau 22 November 2010 1 RMB business in Hong Kong • 2004: Banks offer renminbi services including deposit taking, currency exchange, remittance, debit and credit cards, personal cheques • 2007: Mainland financial institutions may issue RMB bonds in Hong Kong • 2009: Trade settlement and finance 2 Latest developments • 11 Feb: Elucidation of supervisory principles by HKMA • 22 Jun: Expansion of the RMB trade settlement
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The current-account balance is a report that covers a certain period; regularly a year, which indicates the difference between the inflow and outflow of money into and out of a country from the trade in goods and services, investment, saving, and income and cash transfers. When a country’s current account balance is positive (running a surplus), the country is a net lender to the rest of the world. When a country’s current account balance is negative (running a deficit), the country is a net borrower
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for student requirement processes. Therefore I believe that my participation and interaction with the educators will really help me prosper in my business. In order to show my funding evidences for travel, I have submitted my current account balances – US international Education Services Consultants, however I have now changed my business name, and it is now Excellence Education, however the business income and expenditure is maintained in my old account for which I have appropriate business
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International Trade Jami Sieger July 11, 2016 5 Year Trade Balance Year | Exports | Imports | Trade Balance | 2011 | 104121.5 | 399371.2 | -295249.7 | 2012 | 110,516.6 | 425,619.1 | -315,102.5 | 2013 | 121,746.2 | 440,430 | -318,683.8 | 2014 | 123,620.7 | 468,483.9 | -344,863.2 | 2015 | 116,071.8 | 483,244.7 | -367,172.9 | | | | | | 5 Year Total - | -1641072.1 | Imports from China to the U.S. have outweighed the exports for a long time. The trade deficit continues
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1. What were RBC’s ultimate goals in opening a representative office in Thailand? The RBC’s ultimate goal was to attain a full branch license to operate in Thailand. They also wanted to effectively compete in the Thai sector they needed to enter using the BIBF format. This would give them the ability to increase presence and to demonstrate commitment to both regional and multinational clients. 2. How large is the initial staff for the office and what is the estimated pretax Profit?
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Economic crisis will deepen, say business leaders Chatterjee, Clifford Alvares with BS Bureau inputs | Mumbai August 21, 2013 Economic crisis will deepen, say business leaders Most blame it on govt inaction, expect the rupee to weaken further and interest rates to fall For corporate India, there seems to be just one villain in the worsening India story: The government. A poll of 20 respondents comprising leading CEOs, bankers, market players and economists paints quite a grim picture. An
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Results of the Survey of Professional Forecasters on Macroeconomic Indicators – th 20 Round (Q1:2012-13) The Reserve Bank has been conducting the Survey of Professional Forecasters on a quarterly basis since the quarter ended September 2007. The results of the survey represent views of respondent forecasters and in no way reflect the views or forecasts of the Reserve Bank of India. The latest survey round relates to Q1 of 2012-13. Twenty six professional forecasters participated in this round
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France have benefitted and saw persistence gains in price and cost competitiveness while other countries like Greece and Portugal have showed tremendous losses. At the same time, some countries have experienced a surplus in their current account balances whereas some countries have accumulated very large deficits, which resulted in the depreciation of net foreign asset positions. If this prevails, this can act as a worry since persistent losses in competitiveness and mounting external imbalances
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Republic of Korea The global economy suffered its greatest collapse since World War II between the end of 2008 and beginning of 2009. International trade declined right alongside this collapse with the WTO reporting that the global economic crisis sparked a 12.2% fall in the volume of global trade and a 2.5% reduction in world GDP. Economists around the world have come to the consensus that the trade collapse was caused by the contraction of global demand, although there are factors on the supply
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and their effects have been covered in detail ahead. Reasons behind choosing the independent variables Our main independent variables are Literacy Rate, Economic Freedom Rating, Government Spending as percentage of GDP and Current Account Balance. Here is a brief rationale behind the choice. • Literacy Rate: Literacy rate is a direct indicator of the human resource capability of the country and is positively correlated with the productivity of the country’s labor force. GDP per capita is
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