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: 黄色一级大片免费版 | 中文字幕在线观看日韩 | 五月天精品在线 | 亚洲欧美日韩国产一区 | 日本免费黄色片 | 毛片在线免费播放 | 日韩一级网站 | 久操av在线 | 高清国产一区二区 | 精品无码三级在线观看视频 | 日韩综合在线观看 | 亚洲性视频 | 久久第一页| 亚洲自拍偷拍第一页 | 四虎成人在线 | 成年人在线观看 | 国产成人精品综合久久久久99 | 黄色片在线免费观看 | 免费羞羞网站 | 瑟瑟综合网| 看毛片视频 | 日韩精品免费 | 日韩av免费在线播放 | 国产成年妇视频 | av爱爱爱 | 精品视频999 | 黄色免费大片 | 91极品在线| av网站免费观看 | 日韩欧美在线一区二区三区 | 日日摸日日干 | 九九热精品在线视频 | 日本欧美亚洲 | 日日弄天天弄美女bbbb | avtt天堂网 | 亚洲一区二区三区在线免费观看 | 亚洲黄色成人网 | 91精品久久久久久久久久 | 欧美一级欧美三级 | 日韩色av| 中文字幕1区2区 |