Tag: chow tai fook

The Hong Kong-based jeweler is using the renminbi more; accepting renminbi cards in Hong Kong and using the liquidity to fund China.

While corporates are not able to directly participate in China’s new negotiable certificates of deposit market, China regulatory experts contend the new market should raise renminbi deposit rates.

The Hong Kong jeweler issued its first profit warning and blamed rising gold prices and mark-to-market accounting for possible losses.