Beijing unveils euro plans: guidelines are aimed at managing exposure

Article Abstract:

China's State Administration of Foreign Exchange has issued guidelines to minimize exposure to the euro. Banks that will be trading the euro, for instance, are required to maintain buy and sell rates within 0.5% of each other. Institutions will be allowed to use either the euro or the original European currencies while interest rates for four European currencies linked to the euro have been unified by the country's largest foreign exchange bank. Major euro-denominated bonds will also be offered in 1999.

Government domestic functions, Administration of General Economic Programs, Foreign Monetary Policy NEC, China, International aspects, Economic policy, Foreign exchange rates, International economic relations, Monetary policy, European Monetary System

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Aeon targets younger set; credit card firm is adept at finding niches. (AEON Credit Service Co.)

Article Abstract:

Hong Kong-based AEON Credit Services markets credit cards to young adults. This niche marketing has helped AEON Credit Services business. It now has 580,000 credit cardholders and plans by February 2000 to have 635,000. Microsoft Corp., teams up Hong Kong and China Gas Company for Internet access marketing.

Strategy & planning, Electric Utilities, Electric Power Generation, Transmission and Distribution, Marketing procedures, Nonbank Credit Card Firms, Credit Card Issuing, Hong Kong, Computer software industry, Software industry, Microsoft Corp., Credit cards, Marketing, Statistics, Contracts, Nonbank credit card services, Credit and debit card industry, Credit card industry, Internet access software, Digital television, Hong Kong and China Gas Company Ltd., AEON Credit Services Company Ltd.

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