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 / Macro

ASEAN yuan use widens

By He Wei in Nanning | China Daily | Updated: 2013-09-05 07:24

ASEAN yuan use widens

SPDB set up a sister center two years ago in Xiamen, Fujian province, to facilitate rocketing cross-Straits business

transactions. The current center is set to sort out the uniqueness of the ASEAN market, she noted.

Beijing has so far clinched four swap agreements among ASEAN members to prevent trade and investment from foreign exchange losses and lessen dependence on a third currency.

It is also an active advocator of the multilateralization of the Chiang Mai Initiative, a regional currency swap arrangement that seeks to manage short-term liquidity problems.

The volume of bilateral swap agreements with local banks has reached 1.4 trillion yuan ($228 billion), while yuan-denominated cross-border settlements between China and the ASEAN reached 1.12 trillion yuan by June of this year, said Yi Gang, deputy governor of the People's Bank of China and head of the State Administration of Foreign Exchange.

Yi urged cross-border trade and investment settlements in local currencies to proliferate to all ASEAN members, which effectively lowers transaction costs and facilitates liquidity.

The presence of Chinese financial institutions has diversified Cambodia's infant financial market and helped the country fulfill many infrastructure projects, said Chea Chanto, governor of the National Bank of Cambodia.

"Two commercial banks - the Bank of China and the Industrial and Commercial Bank of China Ltd - started operations two years ago. Their good performances and the close collaboration between the two countries' central banks provide opportunities and confidence to draw Chinese investors to come to Cambodia," said Chea Chanto.

The State-backed China Development Bank has provided loans to aid the construction of roads, irrigation systems and energy sectors.

Cambodia has yet to achieve settlements in yuan, but he said they have taken preliminary steps by opening yuan accounts in local banks. He is optimistic to realize the goal "very soon".

Major banks in Cambodia have witnessed rising demand for yuan settlements, said Niu Jianjun, head of ICBC's Phnom Penh branch, who maintains a close relationship with local banks.

But there remain hurdles, given its history with US dollar settlement, as well as the relatively small volume of imports from China, which gives it less of an incentive to use the yuan.

"The ongoing Trans-Pacific Partnership Agreement and the trans-Atlantic trade agreement negotiations both intend to set the stage for a Western-dominated trade agenda. There is no way out but to strengthen our financial ties," said Han Mingzhi, chairman of the board of supervisors of China Merchants Bank Ltd.

Yi warned that the exit of quantitative easing policies may result in a wave of capital outflows and is likely to cause foreign exchange turbulence.

Previous 1 2 Next

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: 91av视频在线 | 在线v片 | 成人午夜网址 | 超碰95| 久久乐精品 | 中文字字幕在线中文 | 超碰97国产| 国产视频1区2区 | 久久久久免费视频 | 欧美亚洲在线 | 黄色大片一级片 | 欧美日韩在线视频播放 | 亚洲欧美日韩中文字幕在线观看 | www夜色 | 日韩在线中文字幕 | av综合在线观看 | 欧美激情婷婷 | 中文字幕一区二区av | 亚洲精品欧美精品 | 丰满岳乱妇一区二区 | 国产成人精品免高潮在线观看 | 欧美精品久久99 | 亚洲色图14p | 亚洲精品在线视频观看 | 在线视频福利 | 视频二区中文字幕 | 亚洲网址在线观看 | 播播网色播播 | 欧美日韩后 | 免费精品在线 | 天天射日 | 伊人国产在线观看 | 男女激情视频在线观看 | 亚洲欧洲精品在线 | 亚洲精品一线 | 久久久中文字幕 | 欧美不卡视频在线观看 | 国产夜夜操 | 牛牛视频在线 | 亚洲男人天堂2017 | 黄色一级大片在线免费看产 |