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

World is opening up to yuan, bankers say

By Jiang Xueqing and Chen Jia (China Daily) Updated: 2015-03-20 07:14

World is opening up to yuan, bankers say

A clerk counts yuan bills at a bank in Huaibei, East China's Anhui province. [Photo/IC]

The yuan's internationalization is accelerating and China's "One Belt, One Road" initiatives will stimulate overseas demand for the currency, top Chinese bankers said on Thursday.

Chen Siqing, president of Bank of China Ltd, said at a media briefing in Beijing that the level of internationalization of the renminbi increased rapidly last year and the currency assumed a more prominent role in the capital markets.

The Offshore Renminbi Index, a tracker designed by BOC to reflect the currency's presence in global trade and investment, climbed 29 basis points from a year earlier to 1.2 percent during the fourth quarter of 2014.

As of Dec 31, outstanding offshore yuan deposits amounted to 2.78 trillion yuan ($449 billion), up about 35 percent from the beginning of 2014. Outstanding offshore yuan-denominated bonds rose 44 percent to 481.6 billion yuan.

The value of foreign exchange transactions involving the yuan increased by 80 percent year-on-year to $5.5 trillion in 2014, accounting for 3.6 percent of all foreign exchange transactions.

According to BOC estimates, yuan-denominated assets in the foreign reserves of all countries now account for 0.1 to 0.3 percent of the total. That represents a notable step forward for China, considering that the percentage was almost zero three years ago, said Cheng Jun, general manager of the bank's global trade services department.

Cheng said the internationalization of the yuan will deepen further as the country is promoting the Silk Road Economic Belt and the 21st Century Maritime Silk Road.

"We're trying hard to add the 'renminbi factor' to the 'One Belt, One Road' initiatives in terms of investment, labor, contract projects, trade and currency exchange with countries along the belt and road. The initiatives and the renminbi's globalization will be mutually reinforcing," he said.

Further opening of the capital account this year will drive the internationalization of the renminbi, and ongoing declines in commodity prices will give China more legitimacy when calling for those prices to be yuan-denominated, he said.

China's foreign direct investment, more of it representing companies' long-term overseas projects, is expected to continually increase this year.

"It is a positive sign reflecting China's deepened opening of the capital account," said Zhao Yang, chief economist in China at Nomura Securities.

"The launch of the Asia Infrastructure Investment Bank and its investment projects will expand the global use of the Chinese currency, which means the yuan's internationalization process will speed up," Zhao said.

Contact the writers at jiangxueqing@chinadaily.com.cn and chenjia1@chinadaily.com.cn

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 亚洲大尺度在线观看 | 四虎黄色网址 | 国产一区精品在线 | 亚洲人体视频 | 国产一二在线 | 99久久久成人国产精品 | 天天操天天射天天爽 | 国产深夜福利 | 深爱激情综合网 | 成人在线视频免费看 | 男女国产视频 | 欧美成人xxxx | 天天综合网久久综合网 | 久久国产精品-国产精品 | 少妇一级淫片免费放2 | 日日夜夜拍 | 先锋资源中文字幕 | 91在线视频免费看 | 美女日日日 | 在线成人免费观看 | 亚洲一区二区免费看 | 在线播放一级片 | 黄色免费网 | 免费精品 | 成人短视频在线播放 | 毛片高清| 国产1区2区3区 | 亚洲成人黄色影院 | 国产精选一区 | 成人黄页| 欧美一级艳片视频免费观看 | 欧美性大战久久久 | 91午夜在线 | 青青青视频在线免费观看 | 亚洲一区二区三区免费观看 | 久艹精品| 日本黄色大片网站 | 成人免费午夜视频 | 欧美成人精品激情在线观看 | 免费日本黄色片 | 久久国产99 |