<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
          USEUROPEAFRICAASIA 中文雙語Fran?ais
          Home / World

          Top bank in Africa boosting business in yuan

          By Li Xiang | China Daily | Updated: 2011-09-02 07:59

          BEIJING - Standard Bank Group, Africa's largest bank by assets, is boosting its yuan business in a move to capitalize on the growing trade between China and Africa and the rising influence of the Chinese currency on the continent, the bank's senior executive said on Thursday.

          Standard Bank has launched services for trade settlement in yuan in 16 African countries, including South Africa, Nigeria, and Angola, and the business turnover reached 500 million yuan ($78 million) over the past six months, according to the bank.

          "We are exploring ways to introduce yuan to African companies as a trade settlement currency and how we can persuade African governments to use yuan as a reserve currency," said Craig Bond, chief executive officer of Standard Bank China.

          The bank estimated that at least 40 percent, or $100 billion, of China's trade with Africa will be settled in yuan by 2015, which equals the total trade volume between the two in 2010.

          In addition, the bank said, at least $10 billion of Chinese investment in Africa will be denominated in yuan over the same period.

          Bond said the main benefits of trade settlement in yuan will be the cheaper funding and lower transaction cost for both African and Chinese firms, as the Chinese government continues to ramp up efforts to raise the global profile of the yuan.

          The bank is in talks with some African governments that plan to diversify their foreign exchange reserves away from the US dollar.

          "We've seen very positive reactions from many African governments toward taking the yuan as a reserve currency," Bond said.

          It is likely that rich African governments, such as South Africa and Nigeria, that have large dollar reserves, will hold yuan as part of their foreign exchange reserves by the end of the year, he said.

          Although the internationalization of the yuan is a long-term endeavor, the process will be much quicker in Africa because China's commercial leverage there has risen sharply, said Jeremy Stevens, an economist at Standard Bank.

          The bank estimated that about 1,500 Chinese firms are operating in the 17 African countries where it has branches. "There are as many as one million Chinese people in Africa. Firms will want to grow their business in Africa, open yuan accounts and use yuan products," Stevens said.

          In July, the bank began to provide yuan notes to clients in South Africa, Ghana and Zimbabwe. It also launched yuan-denominated financial products through the offshore yuan market in Hong Kong in August to meet the clients' increasing need for hedging, funding, and wealth management purposes.

          The bank said it plans to hire more Chinese employees and will continue to deepen the strategic cooperation with Industrial and Commercial Bank of China, the largest shareholder of the African bank, with a 20.1 percent stake, to gain more clients.

          China Daily

          (China Daily 09/02/2011 page15)

          Today's Top News

          Editor's picks

          Most Viewed

          Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
          License for publishing multimedia online 0108263

          Registration Number: 130349
          FOLLOW US
          主站蜘蛛池模板: 色综合久久久无码中文字幕波多| 久久国产精品免费一区| 日韩精品毛片一区到三区| 日韩丝袜欧美人妻制服| 国产亚洲欧美另类一区二区三区 | 激情综合网激情五月我去也| 无码精品人妻一区二区三区中| 国产成人av电影在线观看第一页| 国产午夜影视大全免费观看| 久久夜色撩人国产综合av| 扒开粉嫩的小缝隙喷白浆视频 | 国产精品午夜福利视频| 视频网站在线观看不卡| xxxxx欧美视频在线观看免费看 | 成人无码特黄特黄AV片在线| 亚洲国产第一站精品蜜芽 | 亚洲av无码精品蜜桃| 蜜臀av一区二区国产精品| 伊人欧美在线| 亚洲国产成人久久综合区| 国产成人午夜福利院| 小嫩批日出水无码视频免费 | 乱人伦人妻中文字幕无码久久网 | 天堂va蜜桃一区二区三区| 亚洲高清无在码在线无弹窗| 毛片久久网站小视频| 亚洲午夜理论无码电影| 亚洲h在线播放在线观看h| 秋霞电影院午夜无码免费视频| 日本阿v片在线播放免费| 二区三区亚洲精品国产| 国产精品美女久久久久久麻豆| 亚洲色欲色欱WWW在线| 99视频九九精品视频在线观看| 日本欧美大码a在线观看| 中文字幕精品亚洲无线码二区| 亚洲中文字幕一二区日韩| 亚洲Av午夜精品a区| 国产乱色熟女一二三四区| 国产成人精品亚洲午夜| 色老99久久精品偷偷鲁|