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

China's RMB internationalization efforts deliver concrete results: report

(Xinhua) Updated: 2016-06-25 15:03

BEIJING - As more countries have included the?renminbi into their official foreign reserves, the Chinese currency is becoming truly global and this is set to continue, a leading Chinese investment bank said in a report.

The Monetary Authority of Singapore (MAS) announced on June 22 that it will include renminbi investments as part of its official foreign reserves from June.

"The move by MAS shows that the renminbi's SDR inclusion is not just symbolic," China International Capital Corp Ltd said in a report.

As of May 2016, MAS held $244.5 billion in foreign exchange reserves, the 11th largest reserve holder globally. If it were to raise the Renminbi's share to five percent, it will reallocate $12.2 billion to renminbi assets, the report observed.

Data released by the International Monetary Fund (IMF) showed that $94 billion of official assets were already held in renminbi at the end of 2014, accounting for 1.1 percent of global foreign exchange reserves.

"The increase of renminbi holdings is likely to continue as more central banks set official targets for the renminbi in their reserve pools, especially after the new SDR basket comes into effect," the report noted.

As it plays an increasingly important role, the report estimated that the foreign demand for the renminbi and renminbi assets tends to grow, and the renminbi has the potential to rise to 3.7 percent in global foreign exchange reserves, translating to an inflow of 2.7 trillion yuan ($410 billion) to China.

China has been pushing for yuan's global use, as the world's largest trading nation looks to lower transaction cost in international trade, which is mostly settled in US dollars at present.

The IMF last year decided to add renminbi into its Special Drawing Rights (SDR) currency basket, making it one of the five reserve currencies fully endorsed by the 188-member multilateral organization.

Experts have warned the global reserve currency status will not automatically turn the yuan into a major global reserve currency, which is a choice of the market.

If yuan wants to gain the trust and confidence of the market, China needs to become an economy and a financial system that can accept large and free movement of inflows and outflows and has depth and breadth with a variety of financial instruments, experts have said.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 欧美韩日国产 | 战狼4免费播放观看在线视频 | 四虎网站在线 | 亚洲国产精品视频一区 | 日韩一级一区 | 国产手机av | 欧美日韩激情在线 | 日日夜夜伊人 | 成人精品三级av在线看 | 日韩一级黄| 久久精品久久精品 | 日韩精品播放 | 精品一二三四区 | 91九色国产视频 | 在线视频亚洲欧美 | 黄色一级网 | 亚洲欧美日韩精品久久亚洲区 | 国产黄色一级 | 国产精品久久久久一区二区三区 | 四虎国产成人永久精品免费 | 四虎影院永久在线 | 久久亚洲国产 | 黄网视频在线观看 | 正在播放木下凛凛88av | 黄色大片视频网站 | 亚洲伊人网站 | 色拍拍视频 | 男人天堂久久 | 日韩经典一区二区 | 综合五月激情网 | 精品九九九九 | 樱桃视频污在线观看 | 久久天天躁狠狠躁夜夜av | 天天人人精品 | 色欧美日韩 | 亚洲欧美日韩综合在线 | 中文一级片 | 亚洲影院av | 热热色av| 一区二区三区视频在线观看 | 日本爱爱网址 |