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

Cross-border yuan settlement surges

Updated: 2013-06-08 02:23
( Xinhua)

KUNMING - The yuan is now being used more often in cross-border settlements, although challenges still remain.

China's central bank, the People's Bank of China (PBOC), highlighted the role of southwest China's Yunnan province in stimulating yuan-denominated business at the China-South Asia Expo, which opened Thursday in the provincial capital of Kunming.

Yunnan saw its cross-border yuan settlement hit 46.1 billion yuan (7.3 billion US dollars) in 2012, a local official said Friday.

Six commercial banks in Yunnan have signed settlement agreements with their counterparts in nine countries, including Vietnam, Laos, Thailand, Myanmar and Singapore, said Liu Guangxi, director of the provincial financial office.

Li Zezhi, deputy director of a yuan settlement group at the Yunnan branch of the PBOC, attributed the settlement surge to strengthened investment abroad.

However, there are still obstacles in promoting cross-border yuan settlement, Liu explained.

As a key area for enhancing yuan-denominated activity conducted with South Asia, Yunnan has had problems related to backflow, cash limits and policy support.There is still a lack of channels for purchasing the yuan, as it suffers from a higher cost overseas due to the prevailing use of the US dollar in settlements between China and neighboring countries.

The maximum amount of cash one is allowed to carry when entering and leaving China is 20,000 yuan, restricting the currency's popularity.

Currently, the yuan is convertible for trade purposes under the current account, while the capital account, which covers portfolio investment and borrowing, is still largely controlled by the state over concerns of abrupt capital flows moving in and out of the country.

The central bank on May 2 unveiled a guideline for foreign investors' yuan-denominated activity in mainland equity markets, moving a step closer in opening the country's capital markets and promoting the yuan's overseas use.

The guideline on the implementation of the Renminbi Qualified Foreign Institutional Investor (RQFII) pilot scheme is part of PBOC's latest efforts to regulate a potentially booming market with the backflow of yuan from overseas.

China launched the RQFII program in December 2011, initially allowing a maximum of 20 billion yuan in exchange-traded funds raised offshore to be invested in the domestic capital market. It has gradually raised the total RQFII investment quota to 270 billion yuan in domestic capital markets.

Xiao Gang, the new chairman of the China Securities Regulatory Commission, is expected to further open the market to international investors by expanding the RQFII program.

Yum Sui Sang, president of Cambodian Union Commercial Bank, said yuan-based settlement is an inevitable trend in the Greater Mekong Sub-region (GMS).

The GMS is a natural economic area bound by the Mekong River. It covers 2.6 million square km and is home to around 326 million people in Cambodia, Vietnam, Myanmar, Laos, Thailand and China's Yunnan Province.

 
...
...
...
主站蜘蛛池模板: 亚洲第一视频 | 国产精品成av人在线视午夜片 | 日本欧美一区二区三区 | 黄色免费一级 | 三级av在线免费观看 | www.亚洲一区二区 | 日韩欧美一级 | 亚洲精品www | 特级a毛片| 久久在线精品视频 | 午夜在线精品 | 黄色片在线观看视频 | 男人的天堂av网站 | 国产精品伦一区二区三级视频 | 国产精品久久久久影院 | 五月婷婷免费视频 | 国产精品亚洲成在人线 | 欧美一二区 | 日韩精品一二三四区 | 涩五月婷婷 | 国产精品成人在线视频 | 亚洲免费在线视频观看 | 日韩裸体视频 | 免费人成在线观看 | 国产精品久久久久久亚洲影视 | 欧美人一级淫片a免费播放 九九热视频免费观看 | 一本岛在线 | 在线观看日韩视频 | www视频在线免费观看 | 一级免费黄色片 | 成人免费视频网址 | 欧美日韩一 | 一级黄色片视频 | 成人免费视频国产在线观看 | 人人爽爽人人 | 成人在线观看国产 | 久久久久久一区二区三区 | 国产精品精品视频 | 成人欧美一区二区三区在线观看 | 操操操操操操操操操操 | 日韩欧美久久 |