<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: 荡乳尤物h| 国产精品久久中文字幕| 91在线精品麻豆欧美在线| 大香伊蕉在人线国产免费| 青青国产揄拍视频| 亚洲人成色99999在线观看| 国产性生大片免费观看性| 人妻有码av中文字幕久久琪| 国产极品美女高潮抽搐免费网站| 又爽又黄又无遮掩的免费视频| 亚洲国产精品无码中文字| 午夜福利看片在线观看| 黑森林av导航| 亚洲欧美综合人成在线| 国产一区二区三区在线观看免费 | 尤物亚洲国产亚综合在线区| 亚洲中文字幕国产精品| 成人无码免费视频在线播| 久久九九99这里有视频| 姑娘视频在线观看中国电影| 日韩精品专区在线影观看| 欧洲性开放老太大| 国产精品自在自线免费观看| 久久婷婷丁香五月综合五| 色欲国产精品一区成人精品| 又粗又紧又湿又爽的视频| 丰满人妻一区二区三区视频| 少妇人妻真实偷人精品| 午夜无遮挡男女啪啪免费软件| 国产女人喷潮视频免费| 亚洲人成网站18禁止大app| 妖精视频亚州无吗高清版| 40岁成熟女人牲交片| 成人精品国产一区二区网| 香蕉久久国产超碰青草| 成人亚洲国产精品一区不卡| 思思久99久女女精品| 亚洲av色在线观看国产| 国产一区二区不卡在线| 激情综合网一区二区三区| 国产成人一区二区三区在线|