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 / Markets

Yuan to account for 10% of world reserves by 2025

(Agencies) Updated: 2015-04-14 07:44

Yuan to account for 10% of world reserves by 2025

A Chinese clerk counts renminbi yuan banknotes at a branch of Industrial and Commercial Bank of China in Huaibei city, East China's Anhui province, Jan 22, 2015. [Photo / IC]

The yuan will account for 10 percent of world reserves by 2025 with Asian monetary authorities showing the most support, according to a survey of central banks carried out in March.

The yuan will make up an estimated 2.9 percent of foreign-exchange stockpiles by the end of this year, based on the Central Banking Publications survey sponsored by HSBC Holdings Plc. It includes responses from 72 monetary authorities with $5.9 trillion in reserves. Thirty-five said they either hold the yuan or are considering doing so.

The results come as China calls for the International Monetary Fund to include the yuan in the agency's four-currency reserve basket at a review later this year. Inclusion would help the world's second-largest economy challenge the dollar's dominance in global trade and finance.

"Becoming part of the Special Drawing Rights will also accelerate the yuan's adoption while reforms in China could enhance investment options for reserve managers," Christian Deseglise, HSBC's global head of central banks and reserve managers, said in a press release on Monday.

Another HSBC survey showed last month that 17 percent of companies worldwide used the yuan to settle trades, down from 22 percent a year earlier. The yuan fell two levels to seventh place globally among the most-used currencies in February, according to the Society for Worldwide Financial Telecommunications. The dollar and euro dominate markets, accounting for 72 percent of the payment system. The yuan trailed the British pound, Japanese yen, Swiss franc and Canadian dollar.

China will revamp its foreign-exchange rules "relatively radically" this year, People's Bank of China Governor Zhou Xiaochuan told the Boao Forum for Asia last month. The yuan's daily moves are limited to a maximum 2 percent on either side of a reference rate set by the PBOC. There are also restrictions on capital flows, with both inbound and outbound investments conducted through designated programs.

Global reserve managers retain concerns over the yuan's convertibility, its limited options for investment and credit quality in some cases, according to the Central Banking Publications survey.

Deutsche Bank AG said last week that the yuan has less than a 50 percent chance of becoming a reserve currency this year as it's not convertible under the capital account and foreign investors don't have access to Chinese bond markets in general.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 久久精品视频观看 | 成人在线观看免费视频 | 福利小视频在线 | 91亚洲国产成人精品一区 | 中文字幕日韩亚洲 | 日韩视频精品 | 国产又粗又长又黄视频 | 欧美精品久久久久久久久46p | 欧美尻逼视频 | 欧美在线不卡视频 | 一级特黄特色的免费大片视频 | 欧美午夜免费 | www.午夜激情| 黄色大片在线 | ww国产| 手机av免费 | 黄在线免费观看 | 成人久久久久久久 | 免费观看的毛片 | 一级片久久 | 美女久久久久久久久久 | 免费毛片网 | 伊人久久久久久久久久 | 一级高清视频 | 亚洲欧美片 | 国产日韩成人 | 欧美福利一区 | 国产3级在线观看 | 91播放| 91在线视频免费看 | 最新天堂av | 国产女主播喷水高潮网红在线 | 超碰偷拍 | 婷婷午夜精品久久久久久性色av | 亚洲伊人网站 | av中文网站 | 99热这里是精品 | 快灬快灬一下爽蜜桃在线观看 | 三年中国中文在线观看免费播放 | 黄色拍拍视频 | 日本韩国欧美中文字幕 |