日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

   

Renminbi passes HK dollar

By Jake Lee and Yumi Teso (China Daily)
Updated: 2007-01-12 09:06

The yuan has risen past the Hong Kong dollar for the first time in 13 years, underlining the mainland's economic ascent and fueling debate over whether to scrap the special administrative region's exchange rate link to the US dollar.

The yuan climbed to 1.0002 per Hong Kong dollar and advanced 0.16 percent to 7.7950 to the US currency at 4 pm in Shanghai, the biggest gain in six weeks, according to data compiled by Bloomberg.

Gains in the yuan may add to pressure on Hong Kong to adjust a 23-year-old currency peg to the US dollar to reflect growing economic ties with the mainland. The Hong Kong Monetary Authority (HKMA) says any change would rock investor confidence and has spent the past three years stopping currency appreciation.

"Breaking 7.8 is psychologically impressive, but it's just a passing point," said C. H. Kwan, a Tokyo-based senior fellow at Nomura Institute of Capital Markets Research, a unit of Japan's biggest brokerage. "The Hong Kong dollar is likely to remain pegged to the US dollar at a central rate of 7.8 in coming years."

As the HKMA held the Hong Kong dollar steady, the yuan, or renminbi, has advanced 5.8 percent since a decade-long US dollar link of 8.3 was scrapped in July 2005.

HKMA Chief Joseph Yam, who wasn't immediately available for comment yesterday, said on August 25 that the yuan reaching 7.8 was a "psychological level" that wouldn't play a role in setting Hong Kong's currency policy.

"The Hong Kong dollar market has remained stable after the renminbi exchange rate breached the 7.8 level," said an HKMA spokesman, who asked not to be identified. "The government has no intention to change the linked exchange rate system, which continues to serve Hong Kong well."

China's trade surplus swelled 74 percent to a record $177.5 billion last year as exports surged. US Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben S. Bernanke, visiting Beijing last month, urged China to relax controls on its currency to ease the imbalance.

"This reinforces the story that China's still got huge surpluses and needs to deal with them," said Thio Chin Loo, senior currency strategist at BNP Paribas SA in Singapore. "The pressure for more gains isn't going to go away."

The mainland's stock market surpassed $1 trillion in value after major benchmarks more than doubled last year, making it the world's 10th-largest equity market, Bloomberg data show. Hong Kong's market value is $2.1 trillion.

The mainland will let companies sell yuan-denominated bonds in Hong Kong, the People's Bank of China said late on Wednesday, in a move aimed at increasing the use of the currency.


(For more biz stories, please visit Industry Updates)



主站蜘蛛池模板: 午夜小视频在线观看 | 日韩h视频| 午夜精品在线 | 97国产精品 | 久久av热| 久久影院视频 | 经典av在线 | 亚洲欧美国产高清va在线播放 | 国产第一页在线观看 | 亚洲成人一二三区 | 欧美激情自拍 | 五月天天色 | 男人的天堂久久久 | 欧美日韩在线视频免费播放 | 黄色大视频 | 国产www色 | 六月婷婷在线 | 亚洲三级在线视频 | 91久久精品视频 | 成人激情社区 | 久久久久久久福利 | 国产男女裸体做爰爽爽 | 亚洲第一免费视频 | 一区二区三区视频 | 人人艹视频 | 亚洲aⅴ在线 | 国产精品福利一区二区 | 日本一区二区久久 | 成人综合站 | 日本不卡久久 | 色大妈| 国产18在线 | 久久亚洲网| 欧美在线激情视频 | 日韩免费在线播放 | 免费观看毛片网站 | 手机在线看a | 99久久久国产精品免费蜜臀 | 国产最新自拍 | 狠狠操五月天 | 超碰在线中文 |