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

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Offshore yuan faces slower H2

By Gao Changxin in Hong Kong | China Daily | Updated: 2013-07-09 06:13

Offshore yuan faces slower H2

Growth in the offshore yuan market will slow in the second half as expectations recede for further appreciation of the currency, Standard Chartered Plc said on Monday.

In the longer term, offshore yuan centers, including Hong Kong and Singapore, will maintain their momentum, as businesses shift from holding the yuan to speculate on its appreciation to actual use of the currency in their daily operations.

On Monday, the yuan weakened against the dollar for a second day to 6.137 yuan per dollar. It has appreciated about 1.5 percent year-to-date.

An index compiled by Standard Chartered that tracks the progress of the yuan business recently breached 1,000 points for the first time. The index stood at a high of 1,002 points in May, up 8.4 percent from the previous month and 66.2 percent year-on-year.

The index, which started on Dec 31, 2010 at 100 points, tracks yuan activity in Hong Kong, Singapore and London.

Kelvin Lau, a senior economist with Standard Chartered, said that expansion in yuan activity may slow in the remainder of the year due to a challenging macroeconomic environment and a pause in yuan appreciation.

"A pause in yuan appreciation will certainly hurt yuan activities, but in the long term, other factors will (support) growth," said Lau. He expects the index to rise another 20 percent.

Total yuan deposits in Hong Kong, the world's biggest yuan center, will likely reach 700 to 750 billion yuan by year-end.

The Hong Kong Monetary Authority said last month that yuan deposits in Hong Kong rose to 698.5 billion yuan in May, up 3.1 percent from a month earlier.

Many investors in Hong Kong, especially individuals, hold yuan solely for appreciation, and a pause would make them reluctant to buy more of the currency, resulting in a slowdown in deposit growth.

Real corporate demand, in comparison, has been strong. A total of 88 percent of respondents to a corporate survey by Standard Chartered are either using offshore yuan products or considering doing so over the next six months. That was up from 76 percent in the last survey.

Total offshore yuan bond issues will reach 325 to 350 billion yuan this year, more than double the 150 billion yuan in 2012, according to Standard Chartered. So far this year, yuan bond issues have reached 225 billion yuan.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
主站蜘蛛池模板: 亚洲欧美日韩综合在线 | 丁香婷婷激情五月 | 久久国产区 | 日韩精品免费一区二区夜夜嗨 | 久久久全国免费视频 | 亚洲最新在线 | 亚洲一道本 | 精品国产一二三区 | 欧美日韩国产中文字幕 | 成人欧美一区二区三区黑人免费 | 福利社午夜影院 | 国产4区| 国产做爰xxxⅹ高潮视频12p | 成人免费视频国产免费麻豆 | 亚洲成人激情在线 | 啪啪中文字幕 | 精品一区二区三区免费视频 | 亚洲成人黄色影院 | 四虎永久地址 | 在线成人免费观看 | 午夜88 | 中文字幕亚洲欧美日韩在线不卡 | 欧美色涩 | 91久久久久久久久久久久 | www.男人的天堂 | 成人av在线资源 | 欧美精品大片 | av在线官网 | 国产三级短视频 | www.国产91 | 一级久久久 | eeuss中文| 日韩亚洲欧美在线观看 | 久久精品久久久久久 | 国产成人免费 | 免费在线一区二区三区 | 天天综合国产 | 欧美大片在线看免费观看 | 国产精品乱码久久久久久 | 三级黄色片免费 | www日韩av|