The Hong Kong Monetary Authority said local stock and property prices may be driven higher once China allows the yuan to resume gains, as the city become more affordable to mainland investors.
CITIC Bank International and Industrial and Commercial Bank of China (Asia) Ltd (0349.HK) have completed Hong Kong's first foreign exchange swap for yuan, banking sources said, as China seeks a greater global role for its currency.
[ ] Nissan plans $785 million north China plant, to challenge VW, Toyota Reuters - Nissan Motor, the biggest Japanese automaker in China, is to build a 5 billion yuan ($785 million) plant in the northeast of … more