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 / Economy

China, Britain strengthen cooperation to push yuan's global use

(Xinhua) Updated: 2015-10-22 17:02

BEIJING - With steady steps, China has been pushing its currency to wider use on the global stage, and it has taken a big stride forward with President Xi Jinping's state visit to Britain.

On Wednesday, China's central bank announced it has issued 5 billion yuan-denominated notes in London, in the first offshore issuance of such debts outside China.

The interest rate of the one-year notes was set at 3.1 percent.

"The move is an important part of the yuan's globalization strategy to increase its presence in the global bond market," said Sang Baichuan, director of the Institute of International Business at the University of International Business and Economics.

Since July 2009, when China introduced a pilot scheme allowing for yuan settlements in cross-border trade, the currency's overseas footprints have been expanding fast, especially for use in international trade.

The renminbi became the world's No 2 currency for trade finance globally in 2013, and overtook the Japanese Yen to become the fourth most-used world payment currency in August, only after the US dollar, the euro and the sterling, according to global transaction services organization SWIFT.

It has also been used as a reserve currency in some countries. Yet to make it a true international currency, China has more to do to offer diversified investment products for the redback, analysts said, nevertheless hailing the central bank note sales in London as an important step.

Yang Tao, assistant director of the Institute of Finance and Banking under the Chinese Academy of Social Sciences, said the move in the financial hub of London will promote the yuan as an investment currency in international finance.

Previously, China has mainly issued offshore renminbi debts in Hong Kong.

With the foundation laid out, analysts believe there is a strong possibility of the yuan being included in the IMF Special Drawing Rights (SDR) basket later this year.

The two key criteria for SDR entry are the value of a country's total exports and imports, and whether a currency is fully convertible under the capital account.

The IMF reviews the currencies in the SDR basket every five years. At the last SDR review in 2010, the yuan met the first criterion, but was assessed as not meeting the "freely usable" criterion.

Wednesday's announcement is the latest in a series of financial agreements between China and Britain. Last year, Britain became the first Western country to issue a yuan-denominated sovereign bond.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: av片网 | 日日干日日 | 一区在线看 | 日韩午夜在线观看 | 精品成人在线 | 久久这里只有精品国产 | 国产看片网站 | www.色妞 | 欧美成人高清在线 | 免费观看黄色网 | 日韩国产在线观看 | 一级免费av | 黄色片久久久 | 中文字幕视频在线观看 | 久久在线一区 | 久久久激情视频 | 亚洲永久免费网站 | 毛片视频免费播放 | 日本久久影视 | 亚洲色视频 | 伊人久久爱 | 国产在线观看91 | 欧美一级艳片视频免费观看 | 亚洲高清在线观看视频 | 国产精品久久不卡 | 欧美性猛交xxxx | 亚洲一区久久久 | 日韩欧美亚洲国产 | 91麻豆精品91久久久久同性 | 你懂的视频在线 | 天天操天天爽天天干 | 中国黄色网页 | 日韩区在线 | 亚洲最大激情网 | 国产黄色一级片 | 少妇天堂 | 成人久久久久久久 | 亚洲一区在线观看视频 | 国产黄色在线看 | 欧美日韩片 | 国产精品久久久久久久久久免费 |