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

Business / Markets

S.Korea, China agree to launch Won-Yuan trading market in Seoul

(Xinhua) Updated: 2014-07-04 09:21

SEOUL - South Korea and China agreed Thursday to launch a market for direct trading between currencies of the two countries, which may open in Seoul this year, to reduce foreign exchange costs and risks for companies and boost bilateral trade and investment, the South Korean presidential office said.

S.Korea, China agree to launch Won-Yuan trading market in Seoul 

Xi hails South Korea's growing international influence

S.Korea, China agree to launch Won-Yuan trading market in Seoul

South Korea eyes China's financial market

The launch was pursued by Seoul as it will meet national interests of South Korea to diversify settlement currency and respond to the Chinese currency's internationalization and enhanced stature, the office said in a statement.

Central banks of the two countries signed a memorandum of understanding (MOU) to designate clearing banks, with visiting Chinese President Xi Jinping and his South Korean counterpart Park Geun-hye in attendance.

Xi arrived here Thursday for a two-day state visit, his first trip to the Asian neighbor since he took office. The Chinese president held a summit with Park, his fifth summit meeting with her. Park paid a state visit to China in June last year.

Only Chinese lenders in Seoul will be appointed as clearing banks, capable of settling payments in the yuan within South Korea. It will make daily yuansettlement possible, which has been done mainly in Hong Kong, in the country.

Under the yuan qualified foreign institutional investors ( RQFII), China granted 80 billion yuan (some $13 billion) of quotas to South Korean financial institutions, allowing the institutions to make direct investment in the Chinese domestic financial market with yuan funds earned from the won-yuan direct trading market.

With these agreements, South Korea will establish the market where the yuan can be converted into the won first in Seoul. The two countries agreed to push for the establishment of the won-yuantransaction market in Beijing in a gradual manner according to the South Korean currency's internationalization.

South Korea also agreed to encourage local and foreign firms here to sell the yuan bonds within the country in a bid to boost financial transactions in the Chinese currency.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
鹰潭市| 巫溪县| 开封市| 鄂托克前旗| 阿城市| 溆浦县| 江安县| 康乐县| 德令哈市| 三台县| 中江县| 东丰县| 翁牛特旗| 黄龙县| 东丽区| 延寿县| 大宁县| 大化| 汉中市| 岑巩县| 中宁县| 徐闻县| 柳州市| 武平县| 谢通门县| 扶沟县| 广河县| 黑山县| 光泽县| 吉首市| 宁明县| 资兴市| 盐城市| 新巴尔虎左旗| 乌拉特后旗| 特克斯县| 张家港市| 新巴尔虎左旗| 金湖县| 黄大仙区| 湾仔区|