Since 2004, total FAI for manufacturing has jumped a staggering 261 percent in RMB terms, nearly double the increase for real estate, 167 percent over the same time period, says data from ISI.
The volume of trade settled in the RMB has gone from less than 1% of the total to almost 10% over 18 months.
Bankers have told me that they would recruit new dealing teams for this expanded trade in the RMB, and lawyers also expect a boost from the development of new RMB denominated contracts.
Bank loans rose to 703.9 billion renmimbi (RMB) in August, higher than the consensus forecast of RMB 600 billion.
After one year of operation, the JV has already made 6 million RMB in net profits.
And the magnitude of these comovements is greatest for the RMB in 7 cases compared with 3 for the dollar.
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Infused with fresh cash and new management, the joint venture proved immensely successful, boosting production 10 fold from 100, 000 units to 1 million and earning more than 170 million RMB in pre-tax profits.
According to this article the Chinese government reported that rural consumers purchased 41.7 billion RMB in household appliances as a result of the subsidies over the first 4 months of 2010 (equivalent to a 510% increase year-on-year).
Mr Davies, who served with the Commando Logistics Regiment based at RMB Chivenor in north Devon, was killed while on a tour of duty in Helmand province.
To be eligible for inclusion in the ETF, RMB Bonds must have an amount outstanding of greater than or equal to 750 million RMB and a minimum of six months remaining to bond maturity.
That RMB 1 billion in transactional revenues from 2010 could be much bigger in 2011 and then significantly grow by 2014 or 2015.
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Total social financing, or TSF, was RMB1.24 trillion in August, up by RMB 189 billion from July and RMB 167 billion from August 2012.
Since first being introduced in 2010, the issuance of dim sum bonds is increasing rapidly due to the growing amount of RMB that is now circulating in the global economy.
The trend continued to gain momentum in the first quarter of 2010, with 14 RMB funds among a total of 17 new private equity funds in China.
They are finding themselves in fierce competition, though, with the wave of Chinese PE firms and RMB denominated funds that have been formed in recent years.
From 2005 to 2011, the Chinese government has allowed the renminbi (RMB) to increase in value by more than 25%.
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In volume terms, HSBC expects RMB to become one of top three globally traded currencies by 2015, and within five years, it could be fully convertible.
The Blackstone Group also has a RMB private equity fund in the works, with the Pudong government and earmarked to make investments in this Shanghai financial and shipping center.
An important recent development is that the Hong Kong Monetary Authority has significantly extended the operating hours of the RMB payments system, so that RMB transactions carried out in London during the European working day can be processed and settled speedily.
In 2012, the brand value of TCL had exceeded RMB 58.326 billion, continuing to hold the No. 1 TV brand position in China today.
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Based on HKFRS, ZTE recorded revenue of RMB 86.25 billion in 2011, an increase of 23.4% compared to 2010.
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China Unicom generated negative free cash flow of about RMB 30 billion, triple the negative RMB 10 billion it had in 2011.
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But if the PBOC takes those dollars out of the market altogether and holds them in cash reserves, then that is effectively keeping dollars in Treasurys and not converting them to RMB.
It is still the case that the dollar and the euro play a greater role beyond their natural spheres of influence than does the RMB but that is changing in favor of China.
FORBES: China Taking Asia Further From Dollar, Even Further From Euro
In 2012, through May 15, the RMB has been virtually flat against the dollar, actually depreciating by 0.36%.
In 1995, Konka boldly plowed 18 million RMB into Shaanxi Konka Co.
The result is the booming RMB trade that Robert Peston describes in his blog, and Mr Osborne is understandably keen to push the city's way.
In this region, more currencies now co-move (in a statistically significant manner) with the RMB (8 out of 10 cases) than with the dollar (6 out of 10) or the euro.
FORBES: China Taking Asia Further From Dollar, Even Further From Euro
Last year, despite plenty of talk about "tightening, " Chinese banks lent nearly RMB 8 trillion, almost double the level of any other year before their unprecedented RMB 10 trillion blow-out in 2009.
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