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

US EUROPE AFRICA ASIA 中文
Business / Markets

Five lenders launch free trade accounts in Shanghai

By Wu Yiyao in Shanghai (China Daily) Updated: 2014-06-19 07:10

Free trade accounts, which will enable some companies to secure cheaper yuan-denominated funding from off-shore markets, were launched on Wednesday in the China (Shanghai) Pilot Free Trade Zone.

The move was announced by the People's Bank of China Shanghai Head Office.

Analysts and market insiders said the launch represents a milestone in financial reforms within the FTZ to support trade and the financial market's opening up.

FTZ-registered enterprises and entities and overseas institutions may complete cross-border settlement for their checking accounts and direct investment accounts through these facilities.

These new accounts will promote widespread free trade investment and funding, with further details to be announced soon, according to the PBOC's office.

Five banks started the business on Wednesday, including Bank of China Ltd, Shanghai Pudong Development Bank Co Ltd and China Merchants Bank Co Ltd.

"Free trade accounts will help lenders to innovate while also monitoring risks more closely," said Chen Siqing, president of Bank of China.

For companies, these accounts will be a way to secure cheaper funding and discover investment opportunities.

"Free trade accounts will help State-owned enterprises (get funding more easily) and invest in overseas markets by reducing funding costs and promoting investment efficiency," said Zhuang Guowei, vice-president of Bright Food (Group) Co Ltd.

The convenience of these accounts will also benefit commodity trading activities, including precious metals and energy, said Zhang Xin, head of the PBOC Shanghai Head Office.

The Shanghai Gold Exchange signed a memorandum of understanding with the PBOC's office in Shanghai to launch an international gold exchange in the FTZ using the free trade account mechanism. This system will enable yuan-denominated trading of the precious metal in the zone.

The exchange has signed settlement cooperation contracts with four lenders: Industrial and Commercial Bank of China Ltd, China Construction Bank Corp, Bank of China and Shanghai Pudong Development Bank.

Qualified overseas clients and FTZ-registered clients may open free trade accounts with these four lenders and trade gold, according to Xu Luode, an executive of the SGE.

"We hope that the convenient capital flows enabled by the free trade accounts will also help Shanghai to become an intermediary trade hub for gold," said Xu.

More lenders will launch free trade account services after being cleared by regulators, said Zhang.

Five lenders launch free trade accounts in Shanghai

Five lenders launch free trade accounts in Shanghai

More lenders make RRR cuts Money market funds must come under controls

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 国产精品久久免费视频 | 国产第一页在线观看 | avtt天堂网| 成人免费网站在线观看 | 午夜视频在线免费播放 | 可以在线观看av的网站 | 日韩av免费播放 | 啪啪福利社| www.久久久久久久久 | 久久伊人在| 操操操操操操操操 | 有码av | 在线看h| 成人免费在线观看 | 超碰在线人人 | www.好了av| 婷婷综合久久 | 91丝袜一区在线观看 | 亚洲高清成人 | 亚洲免费视频一区二区 | 黄色中文视频 | 天天爽天天| 日一日操一操 | 激情丁香 | 亚洲色图制服诱惑 | 91亚洲精品在线观看 | 久久不卡区| 亚洲第一区视频 | 91性| av高清免费 | 91网站免费看| 天天干天天舔 | 亚洲高清视频在线观看 | 国产一二三四 | 国产欧美日韩在线 | 欧美久久久久久久久久久久 | 美女一二区| 久久久久久久久久国产 | 日韩av在线一区二区三区 | 久久精品国产一区二区 | 精品国产乱 |