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

Make me your Homepage
left corner left corner
China Daily Website

Singapore to widen its RMB liquidity pool

Updated: 2013-07-19 01:09
By WANG XIAOTIAN ( China Daily)

Singapore to widen its RMB liquidity poolSingapore's central bank governor says the island state plans to widen its liquidity pool of the Chinese currency as part of extended efforts to turn itself into a major offshore yuan market.

Ravi Menon said the country is also developing hedging instruments as part of these efforts.

"The critical factors that will determine how well Singapore develops as an RMB hub are liquidity and a range of

hedging products," said Menon, managing director of the Monetary Authority of Singapore, the central bank and financial regulatory authority.

Singapore holds 100 billion yuan ($16.3 billion) in renminbi deposits and Menon expects the total to rise.

"The deposits will grow at a stronger pace over time, facilitated by the launch of the Industrial and Commercial Bank of China's Singapore RMB clearing facilities in May.

"With more liquidity, financial institutions will offer a wider range of RMB products and services to better meet the financing, investment and risk management needs of the market," he told China Daily.

Hong Kong, the largest offshore RMB center, which accounts for 70 percent of overseas yuan deposits, had deposits of 698.5 billion yuan up to May, according to the Hong Kong Monetary Authority.

Taiwan is catching up quickly, and yuan deposits there might increase to 100 billion to 150 billion yuan by the end of the year from 66 billion yuan now, according to a report by Standard Chartered Bank.

Menon said offshore RMB liquidity in Singapore should be interchangeable with RMB liquidity in other offshore centers.

"This will help ensure that surplus liquidity in one center can be channeled to meet the demand in another, thereby improving the efficiency of the overall RMB market.

"While there will no doubt be some competition among the major offshore RMB clearing centers, such as Hong Kong, London and Singapore, they will also play complementary roles in developing the offshore RMB market."

These initiatives will reduce the likelihood of liquidity strains in the offshore market when expectations that the yuan will depreciate run high, he said.

The appointment of offshore RMB clearing banks in Taiwan and Singapore has reduced liquidity friction by enlarging the liquidity pipeline between the Chinese mainland and the offshore RMB market. The establishment of RMB liquidity facilities in Hong Kong and Singapore means that "backstop facilities" can be provided should liquidity strains occur.

Menon said the Monetary Authority of Singapore has broadened the scope to provide RMB liquidity for market stability and will soon be widening the types of collateral that will be accepted.

The Singapore Exchange is ready to quote, trade, clear and settle RMB-denominated securities, Menon said.

Previous Page 1 2 Next Page

 
 
...
主站蜘蛛池模板: 精品久久国产视频 | 91老女人| 欧美一区二区三区四 | www性欧美 | 亚洲天堂久久久 | 免费不卡视频 | 欧美精品久久久久久久久老牛影院 | 欧美日韩精品在线观看视频 | 99自拍视频在线观看 | 成人免费看片98欧美 | 久久精品福利 | 亚洲999| 免费看黄色aaaaaa 片 | 超碰在线观看99 | 日韩精品一区二区三区四区五区 | 色哟哟入口国产精品 | 久久桃花| 亚洲精品一区在线观看 | 亚洲激情视频在线观看 | 99久久精品无免国产免费 | 欧美看片 | 国产激情视频在线播放 | 亚洲免费黄色 | 97久久精品视频 | 一级黄色片看看 | 成年人网站在线免费观看 | 欧美日韩中文 | 99精品成人| 免费在线观看视频 | 国产日韩欧美精品在线 | 欧美在线免费观看 | 久久久久久久久久一区二区三区 | 一级老太bbbbbbbbb中国 | 久久99精品久久久久久 | 在线看av的网址 | 一区二区黄色 | a天堂中文字幕 | 看免费的毛片 | 天天夜夜操 | 国产女人18毛片水真多 | 大片在线观看网站免费收看 |