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

chinadaily.com.cn
left corner left corner
China Daily Website

'Right time' for London to build RMB business

Updated: 2012-09-19 09:33
By Chen Jia ( China Daily)

London's growing role in offshore yuan-denominated services will boost trade between China and Europe, David Wootton, lord mayor of the City of London, said in Beijing on Tuesday.

He said that renminbi business in the United Kingdom had barely been influenced by the decline in trade between China and Europe this year.

"It is now the right time for London to develop as a 'western hub' for the international renminbi market as a complement to Hong Kong and other financial centers," he said.

"The development of London as an international center for renminbi business will help facilitate trade with China for European corporations."

'Right time' for London to build RMB business

A clerk displays euro and yuan banknotes at an Industrial and Commercial Bank of China Co Ltd branch in Huaibei, Anhui province. [Photo/China Daily]

In April, London announced its ambition to become a center for offshore renminbi trading.

According to the report "London: a center for renminbi business", which was announced by British Chancellor of the Exchequer George Osborne, commercial loans worth 280 million yuan ($44.2 million) were made in London in 2011. In that year, the city was also the site of 88 million yuan in trade services and 16.3 billion yuan in import and export financing.

The report also said that $680 million in renminbi was spot traded in London each day on average, accounting for 26 percent of the $2.7 billion in the currency that was spot traded on average throughout the world.

According to Eurostat, the European Union's statistical institution, in the first five months of this year, the total volume of Sino-European trade was around $230 billion, up 2.2 percent year-on-year. The growth rate was 5.9 percent in the same period last year.

China remained the European Union's largest source of imports between January and May, according to Eurostat.

Deposited renminbi in London, which is an indicator of the growth in the offshore renminbi market, was around 109 billion yuan by the end of 2011, said a report from the global financial services consultancy Bourse Consult LLP.

London's renminbi deposit account for personal and corporate customers contained 35 billion yuan, compared with customer deposits totaling 589 billion yuan in Hong Kong in December 2011, the report said.

London's financial institutions are longstanding participants in the Chinese financial market, and the City of London is seeking to expand this role to support the development of the sector, Wootton said.

Bank of China, as one of the leading providers of cross-border renminbi products and services, "fully endorses the efforts made by the City of London Corp to position London as an offshore renminbi center", said Fang Wenjian, general manager of the Bank of China Ltd London Branch.

"This is an important step in the process of encouraging the increased use of the renminbi outside China, which will not only benefit Europe and China, but will strengthen London's position as a global financial center," Fang said.

Standard Chartered Bank said it is also committed to helping the internationalization of the yuan, which will benefit China and the global economy.

chenjia1@chinadaily.com.cn

 
 
...
...
...
主站蜘蛛池模板: 亚洲最新在线 | 国产麻豆一级片 | 成人福利午夜 | 欧美日韩视频免费在线观看 | 欧美色图在线视频 | 99热精品免费 | 欧美激情四区 | 自拍在线视频 | 婷婷综合五月 | 久久成年视频 | www四虎com| 亚洲精品少妇久久久久久 | 98超碰在线 | 国产在线999| 日本乱码视频 | 国产青青操 | 欧美一区不卡 | 欧美黑人一区二区三区 | 久久久久中文字幕亚洲精品 | 超碰精品在线观看 | 国产精品嫩草69影院 | 黄色理论片| av片国产| 中文字幕网站在线观看 | 成年人在线免费观看视频网站 | 91蝌蚪在线 | 黄色av免费在线 | 欧美一级做性受免费大片免费 | 国产成人免费观看 | 怡春院在线视频 | 久久一区二区视频 | 男人的天堂官网 | 大学生一级一片第一次 | 免费黄色片网站 | www.99re7| 日韩无遮挡| 亚洲一区二区三区免费视频 | www.黄色片| 九九视频在线观看 | 成人a免费 | 国产另类av |