亚洲av片在线免费观看,国产成人无码一区二区三区,国产玖玖视频,亚洲色欲色欲www在线看,四虎www永久在线精品

News

Analysis

Videos

Deputies

Face to Face

Biz Talks

Reporters' Log

Wang Ru:
Cabbie's questions drive me to a great realization

Op Rana:
Turbulent times for agriculture

Zhang Haizhou:
The time has come for country to set its own rules in diplomacy

Patrick Whiteley:
Don't blame China for the world's eco woes

Ravi S. Narasimhan:
Be vigilant - and Net the corrupt

Columns

Raymond Zhou:
By jingo, they're mad!

Op Rana:
Consumerism and politics of waste

Li Xing:
Traffic foes ruin trips to scenic spots

Ravi S. Narasimhan:
Lessons from SARS have to be applied

Alexis Hooi:
Beyond the death and destruction

Advisor: China should set up clearing bank in Shanghai

By (Xinhua)
Updated: 2009-03-03 09:49

China needs to establish a clearing bank in Shanghai, the country's financial hub, to accelerate the city's pace in growing into a global financial center, a political advisor has proposed.

"Setting up a clearing bank is an important step in building a global financial center inside a country," Ji Xiaohui, a member of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC), said Monday.

The payment and settlement system is usually a basic "platform" in building an international financial center, said Ji, also chairman of Shanghai Pudong Development Bank.

Global financial centers naturally serve as centers for international payment and settlement at the same time, as in the case of New York, London and Hong Kong, he added.

As a city which eyes the status of an international financial center, however, Shanghai has a relatively weak regional payment and settlement system, according to Ji.

China's national payment system is mainly operated from the country's central bank, the People's Bank of China, with a national processing center in Beijing connected to centers in different provinces.

Ji said a Shanghai center needed to be enhanced to make it parallel to the Beijing center, so that the two centers could provide backup copies for each other while payment and settlement can be switched between the two centers in real time.

The main function of the national center could also be moved to Shanghai in the future, to create an independent, market-oriented, and national-level clearing bank, Ji proposed.

He said the government should set up or allow local banks to establish a foreign-currency clearing bank in Shanghai, which could serve as a foundation for possible cross-border transactions.

He also said Shanghai should woo commercial banks to establish settlement centers for their internal needs.

Non-government payment organizations and foreign institutions should also be encouraged to set up settlement banks in Shanghai, he added.