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

RMB closer to international currency status

By Cai Xiao | China Daily | Updated: 2017-09-21 08:42

Exchange rate stability, nation's reserve growth signs of yuan maturity

With the exchange rate of the renminbi steadily rising, and the Belt and Road Initiative furthering Chinese investment overseas, China is approaching the day when it can promote the internationalization of its currency, said an adviser to the People's Bank of China.

Sheng Songcheng, a central bank adviser, said renminbi internationalization is China's long-term strategic objective, and now it is mature enough to promote that goal.

RMB closer to international currency status

Sheng Songcheng, central bank advisor. [Photo provided to China Daily]

"The renminbi exchange rate is steady and going up and the nation's foreign exchange reserve climbed for seven months, and the Belt and Road Initiative is welcomed by foreign countries, so I believe we are at the golden time to promote renminbi internationalization," Sheng said.

Sheng added that China's bond market is more open to the world, which offers a backflow channel for renminbi.

China's foreign exchange reserves in August totaled $3.09 trillion, increasing for the seventh consecutive month, central bank data showed on Sept 7.

The Asian Infrastructure Investment Bank said in June that it approved three applications to join the bank, bringing its total approved membership to 80.

Ying Yong, deputy governor of People's Bank of China, also said in June that China will expand the use of the renminbi in countries and regions related to the Belt and Road Initiative by improving cross-border payment and settlement facilities for the currency.

"But China is not at the right time to change renminbi exchange rate formation mechanism," Sheng said.

He said reform of renminbi exchange rate formation mechanism should be pushed forward at the time when the renminbi exchange rate is stable; currently, it is still fluctuating. If the mechanism is changed, a big tumble or jump in the exchange rate could damage the nation's economy, he said.

There are many uncertainties in the global economy, especially that of the United States, which is another important reason for delaying the timetable of the reform, Sheng said.

"The trend of long-term appreciation of the renminbi is not changed, so we have better time to carry out the reform of the renminbi exchange rate formation mechanism, and what we should do now is to maintain the stability of the renminbi, " he said.

Guan Tao, former director of the international payments department at the State Administration of Foreign Exchange, said with renminbi exchange rate fluctuation, investors have paid attention to the fundamentals of the Chinese economy, which will help its drive toward renminbi internationalization.

"China's huge economic potential and more open financial market can be important for renminbi internationalization," Guan said.

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: 国产专区在线播放 | 欧美精品日韩在线 | 日本不卡三区 | 国产欧美日韩亚洲 | 亚洲男人精品 | 久久黄色一级 | 色综合天天综合 | 亚洲图片欧美视频 | 岛国精品在线播放 | 日韩色图片 | 6080成人 | 99热超碰在线 | 99免费在线观看 | 欧美啪啪一区 | 久久久综合久久 | 九色婷婷 | 永久av免费网站 | 日本视频中文字幕 | 国产主播精品 | 欧美日韩一区二区三区四区五区 | 青青草成人网 | 日韩在线免费播放 | 欧美色综合天天久久综合精品 | 麻豆精品免费视频 | 日韩久久高清 | 亚洲精品自拍偷拍 | 国产精品免费在线视频 | 天堂av中文字幕 | 国产精品探花一区二区在线观看 | 福利资源在线观看 | 国产精品自产拍在线观看 | 久久精品无码一区二区三区 | 久久九九色 | 成人观看视频 | 国产一区福利 | 国产中文在线播放 | 免费色网址 | 黄页网站在线看 | 久久伊人青青 | 日韩不卡中文字幕 | 国产三级精品三级观看 |