综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Offshore RMB to be HK's 2nd largest source of deposits

Xinhua | Updated: 2013-02-01 11:02

HONG KONG - Hong Kong's offshore renminbi deposits, excluding Certificate of Deposits, could account for over 25 percent of total deposits in the city by 2015, making?renminbi deposits the second-largest source of deposits in Hong Kong, Hang Seng Bank said in a report Thursday.

Chief Economist of Hang Seng Bank Joanne Yim, the writer of the report, said that the?renminbi looks set to gain importance in the global economy and Hong Kong stands to benefit as an offshore?renminbi center.

She said the?renminbi exchange rate is expected to maintain a slightly firmer position against the US dollar in 2013, with expectations of a rebound in the mainland's exports and the resulting trade surplus.

The PBOC's USD/RMB mid-rate is likely to be near 6.20 by the end of 2013, representing an appreciation of 1.4 percent for the?renminbi compared with the end of 2012, she added.

As for offshore?renminbi deposit, she said Hong Kong's offshore renminbi deposit pool, excluding CDs, could grow at a faster pace, reflecting an expected rebound in cross-border trade settlement flows and potentially higher deposit interest rates as banks compete for?renminbi deposits.

As a result,?renminbi deposits could account for over 25 percent of total deposits in Hong Kong by 2015, from less than 10 percent at the end of 2012. This will make?renminbi deposits the second-largest source of deposits in Hong Kong, replacing the position long held by US dollar deposits.

In addition, with the?renminbi gaining increasing acceptance globally, more companies will choose to settle their cross-border trade in renminbi.

"The amount of cross-border trade settlement in?renminbi could grow by about 20 percent in 2013, faster than Hong Kong's total trade flows with the mainland," the report said.

 

Related Readings

DBS launches renminbi index in HK

HK to expand offshore RMB business

Yuan loans from HK could hit 50b

China to pursue RMB internationalization

 

Most Viewed in 24 Hours
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
昂仁县| 固阳县| 呼和浩特市| 报价| 东至县| 莒南县| 沾化县| 漳州市| 上林县| 石柱| 丰镇市| 永修县| 金川县| 平安县| 屏山县| 古丈县| 清水河县| 白水县| 晴隆县| 洛扎县| 宁武县| 外汇| 正蓝旗| 吉隆县| 永州市| 商洛市| 灵宝市| 聊城市| 霍城县| 中方县| 江西省| 巴楚县| 吉水县| 花垣县| 惠州市| 剑阁县| 龙口市| 沧州市| 鱼台县| 昔阳县| 宁安市|