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 / Macro

More policies to support cross-border use of renminbi

By Wei Tian | China Daily | Updated: 2013-03-02 09:56

China is likely to issue more supportive measures to encourage cross-border use of the yuan amid growing global demand for the currency, said an industry insider.

Such measures include a larger quota for renminbi qualified foreign institutional investors, fewer restrictions under the capital account, and more freedom for global yuan investments by individuals, said Cheng Jun, general manager of the Corporate Banking Unit of Bank of China.

"We are still not sure of the timetable and details of such policies, but we think this will be the next step taken by the central bank," said Cheng.

Cheng's estimates were based on the strong growth momentum of international use of the yuan.

In 2012, cross-border settlement in yuan rose 41.4 percent year-on-year, to 2.94 trillion yuan ($472 billion) according to the People's Bank of China, the central bank.

"Demand for the Chinese currency is robust," Cheng said, adding that BOC's RMB business will continue to focus on the Asia-Pacific region.

In December, BOC was authorized by the PBOC as the clearing bank for RMB business in Taiwan.

In less than a month since the business started on Feb 6, BOC Taipei has set up clearing accounts for 53 banks, and completed 5.6 billion yuan in clearing transactions.

"As cross-Straits economic ties further strengthen, and more Taiwan investors set up factories in the mainland, we expect RMB business in Taiwan to see rapid growth in 2013," Cheng said.

This confidence was shared in London, which aims to build itself into an offshore RMB center. "We have seen a strong growth in RMB trade-related services provided by London banks," said Mark Boleat, chairman of the policy and resources committee of the City of London.

Trade services grew to 2.2 billion yuan, a 390 percent increase compared to the six-month average for 2011, and the volume in letters of credit grew 20 times to 3.7 billion yuan.

Related Readings

Currency expands its reach

China to pursue RMB internationalization

Yuan sees more international use in Nov

Global use of yuan to see 'major leap' in 2013

Previous Page 1 2 Next Page

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
文昌市| 喜德县| 金山区| 新乡市| 留坝县| 义乌市| 和顺县| 巴林左旗| 西平县| 衢州市| 博乐市| 长沙县| 三原县| 开封县| 新龙县| 红河县| 晋州市| 呼玛县| 南京市| 含山县| 太仓市| 东港市| 游戏| 澎湖县| 台中县| 阿尔山市| 玛纳斯县| 平罗县| 淮阳县| 西乡县| 英超| 慈溪市| 江陵县| 宣威市| 米泉市| 扎鲁特旗| 舒城县| 延吉市| 凤台县| 景谷| 平乐县|