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

Sydney to be latest hub in internationalization of Chinese currency

By Reuters (China Daily) Updated: 2014-11-04 08:16

Sydney, Australia's financial center, is set to become the latest hub for trading in the Chinese yuan with the authorities from both countries expected to ink the agreement this month.

The deal would see it join Seoul, Paris, Luxembourg, London, Frankfurt, Singapore and Hong Kong as one of the global centers for trading the renminbi, helping further boost China's efforts to promote the use of its currency in international trade.

Sydney to be latest hub in internationalization of Chinese currency
 Casinos chart plans to woo high rollers from China
Sydney to be latest hub in internationalization of Chinese currency
Sydney set to be offshore RMB center

China is Australia's single biggest export market with two-way trade flows of around A$150 billion ($131 billion) in 2013.

However, only about?one percent is conducted in renminbi.

"It will take time to change that but maybe within five years, we could see the ratio double," said Anthony Issa, deputy treasurer at Industrial and Commercial Bank of China Ltd in Sydney.?

The People's Bank of China is highly likely to appoint a clearing bank later in November, said Issa, the next formal step in the process.

Sources familiar with the situation said five Chinese banks, namely ICBC, Bank of China Ltd, China Construction Bank Corp Ltd and Bank of Communications Co Ltd and Agricultural Bank of China Ltd were vying for the role.

The appointment would make it easier for investors to complete financial transactions, while lowering the cost of doing business for importers and exporters.

Instead of paying foreign exchange fees on Australian dollar-US dollar-renminbi transfers, the agreement would reduce the costs to Australian dollar-renminbi.

Issa said the agreement would also help expand the range of financial products including bonds, foreign exchange and equities.

Australia still lags its global competitors in adopting the "redback", as the yuan is now being dubbed, despite an early start in 2013 when a private sector-led initiative kicked off with the aim of expanding yuan business in the country.

Australian borrowers have recently started to issue yuan-denominated bonds with securities listed on the Australian Stock Exchange but still cleared in Europe or Asia.

Earlier this year, a portion of the massive $7.8 billion loan for Australia's Roy Hill iron ore project was funded in the yuan.

China's thirst for minerals has fuelled more than 20 years of unbroken economic growth in Australia. The two countries are aiming to sign a bilateral free trade agreement by the end of the year.

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 国产激情自拍视频 | 婷婷成人av | 亚洲视频精品 | 中文字幕精品一区二区精品 | 国产不卡毛片 | 黄色香蕉网| 国产成人一区二区三区 | 九九九亚洲 | 久操视频网 | 国产精品色婷婷 | 中文字幕日韩在线播放 | 久久午夜影院 | 91首页| 精品一区二区三区国产 | 国产第8页| 国产精品二区一区二区aⅴ污介绍 | 国产性xxx | 少妇一区| 一卡二卡在线视频 | 欧美野战| 欧美一级视频在线观看 | 精品久久久精品 | www97| 亚洲天堂2024 | 男人的天堂在线播放 | 日韩九九九 | 成人深夜福利视频 | 日韩中文字幕不卡 | 手机看片日韩国产 | 欧美人体视频 | 国产传媒一区二区 | www.亚洲一区 | 中文有码在线观看 | 最新日韩中文字幕 | 日本一级片在线观看 | 91日日 | 国产精品高潮呻吟av | 少妇又色又紧又黄又刺激免费 | 国产精品第5页 | 欧美特级毛片 | 亚洲男女啪啪 |