<tt id="6hsgl"><pre id="6hsgl"><pre id="6hsgl"></pre></pre></tt>
          <nav id="6hsgl"><th id="6hsgl"></th></nav>
          国产免费网站看v片元遮挡,一亚洲一区二区中文字幕,波多野结衣一区二区免费视频,天天色综网,久久综合给合久久狠狠狠,男人的天堂av一二三区,午夜福利看片在线观看,亚洲中文字幕在线无码一区二区

          London set for a role in yuan transactions

          Updated: 2012-01-17 09:39

          By Oswald Chen,Emma An and Wang Xiaotian (China Daily)

            Comments() Print Mail Large Medium  Small

           London set for a role in yuan transactions

          A bank clerk counting dollars and yuan at Industrial and Commercial Bank of China in Jiujiang city, Jiangxi province. Officials say it's clear that there is scope for a substantial expansion of the yuan market in the coming years. [Photo/Xinhua]

          Cooperation planned with HK in clearing, settlement and liquidity

          HONG KONG/beijing - London is set to become a major offshore trading center for the yuan, as Britain teams up with Hong Kong to develop such business.

          The Hong Kong Monetary Authority (HKMA) and the UK Treasury on Monday agreed to launch a private-sector forum to strengthen links between Hong Kong and London in such areas as clearing and settlement, market liquidity and the development of new yuan-denominated products, the HKMA said in a news release.

          The forum will have representatives from financial institutions in Hong Kong and London, including HSBC Holdings PLC, Standard Chartered PLC, Bank of China Ltd, Deutsche Bank AG and Barclays PLC. It will meet twice a year, and the first meeting will be held in Hong Kong in May, it said.

          China and Britain agreed in September to cooperate on the development of the offshore yuan business and develop London into an offshore yuan market.

          UK Chancellor of the Exchequer George Osborne said in Hong Kong on Monday that the intention was to "establish London as a new hub" for the yuan.

          "It's clear that there is scope for a substantial expansion of the yuan market in the coming years," he told a meeting of Asian finance officials and executives.

          He added that London was perfectly placed to be a gateway for Asian investment and banking to Europe and as a bridge to the United States.

          Osborne said establishing London as an offshore center for yuan-denominated settlements will benefit China's economic development as well as Britain's.

          China's rapid growth had provided opportunities that Europe should seize as it struggled to emerge from the sovereign debt crisis. Britain's merchandise exports to China rose 20 percent in 2010, a measure of the importance of Asia to Britain's long-term economic growth, said Osborne, who is visiting Hong Kong, Beijing and Tokyo to strengthen business ties, especially in financial services, infrastructure and innovation.

          The HKMA plans to extend the operating hours of the yuan real-time settlement system to 15 hours by the end of June, to accommodate London and other European markets to settle offshore yuan payments.

          "The fact that China will open its third yuan offshore market in London is a strategic decision for the world's second-largest economy to increase the convertibility of the yuan and evolve the yuan into a reserve currency globally," said David Wang, executive director of the Royal Bank of Scotland (China) Co Ltd. He said a deeper economic partnership and a stronger willingness to cooperate underpin the establishment of such an offshore market.

          China and Britain aim to increase annual bilateral trade to $100 billion from the current level of $50 billion to $60 billion.

          "The move is necessary, given China's growing investment in the UK and the wider eurozone, as well as its increasing trade with the region," said Daniel Chan, chief economist at BWC Capital Markets.

          Kevin Lai, an analyst at Daiwa Securities Capital Markets Co Ltd, said that internationalization of the yuan will require more than one offshore yuan business center.

          "However, the lack of a natural funding pool could undermine efforts to establish London as a new hub for the offshore yuan business," he said.

          Hong Kong's yuan liquidity pool, which grew significantly over the past two years, meant that it was well-placed to help with the development of the offshore yuan market in London, Chan said.

          The new cooperative agreement "means that London recognizes Hong Kong as the major yuan trade settlement center", said Andrew Fung, executive director of Hang Seng Bank.

          Nicholas Kwan, head of research at the Standard Chartered Bank (Hong Kong) Ltd, warned that competition between the two financial centers would likely increase.

          "As time passes, the development of offshore yuan businesses may (lead to) market competition that both parties may not have anticipated. We must monitor market developments closely."

          AFP contributed to this story.

           

          主站蜘蛛池模板: 久久综合色之久久综合色| 女人与牲口性恔配视频免费| 国产亚洲精品欧洲在线视频| 久久se精品一区二区三区| 一本色道久久综合熟妇人妻 | 国产丰满乱子伦无码专区| 又大又粗又硬又爽黄毛少妇| 久久99精品久久水蜜桃| 国产在线精品欧美日韩电影| 国产精品无圣光一区二区| 欧美一a级做爰片大开眼界| 日韩精品一区二区在线视| 久久99国产精品尤物| 国产欧美一区二区日本加勒比 | 亚洲国产精品综合色在线| 少妇上班人妻精品偷人| 国产亚洲精品福利在线无卡一 | 亚洲日韩国产精品第一页一区| 中国亚州女人69内射少妇| 国产免费丝袜调教视频| 国产在线观看网址不卡一区| 欧美精品va在线观看| 亚洲a人片在线观看网址| 亚洲综合小综合中文字幕| 久久日韩精品一区二区五区| 2022最新国产在线不卡a| 日本高清中文字幕一区二区三区| 亚洲国产精品久久久天堂麻豆宅男| 又大又紧又粉嫩18p少妇| 女同国产日韩精品在线| 久艾草在线精品视频在线观看| 久久亚洲日本不卡一区二区| 精品人妻av中文字幕乱| 亚洲最大成人av在线| 少妇久久久被弄到高潮| 亚洲第一极品精品无码久久| 黄色亚洲一区二区三区四区| 国产不卡一区二区三区视频 | 少妇人妻偷人精品系列| 无码伊人久久大杳蕉中文无码| 日韩人妻少妇一区二区|