Hot money rides on fake border trade

Trucks have been filmed carrying the same cargo over and over again between Hong Kong and the mainland in an accounting scam designed to facilitate hot money inflows, a recent China Central Television report claimed. Read More, The Standard

TAIWAN: WEEK IN REVIEW, 08Jun2013

Exports slow as she goes; Philippines sanctions might be lifted; HTC on the down and out; Property carpet baggers; More toxic food; Want some of this levered European Bank?; Taipower an expert at losing money; Here’s what you missed this week.

TAIWAN: BEFORE THE OPEN, 06Jun2013

Boom times in Taiwanese property, factory transactions up, and foreign capital flocking; Taipower crushed by energy prices; Cathay Financial hits the bid; Hide and go seek at the FDA; Made in China, Taiwan exports; Foxconn changes Chinese name; Here’s what you need to know pre open.

Who wants some of Europe’s most levered bank?

Deutsche Bank issues first RMB bond in Taiwan.

TAIWAN: CLOSING WRAP, 05Jun2013

TWSE has another boring day down 0.11%; Where is the inflation?; The HTC One mini; Land Bank and CCB sign MOU; DPP flip-flops on Nuke 4; Here’s what you missed today.

One China: Land Bank and China Construction Bank sign MOU on RMB trade

UDN

One China: HK’s renminbi deposits grew 1.4% to RMB275.4

HKMA

ICBC expands to Luxembourg

From Xinhua:

The Industrial and Commercial Bank of China (ICBC) plans to create a RMB cross-border business center in Luxembourg to cover Europe, it said on Tuesday.

China yuan weakens to 6.1818 against USD Tuesday

Read More, Xinhua

N.Z., China May Allow Direct Currency Conversion to Boost Trade

New Zealand and China are in talks about making their currencies directly convertible, aiming to reduce costs as trade between the two countries is targeted to surge by 33 percent in the next two years. Read More, Bloomberg