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

chinadaily.com.cn
left corner left corner
China Daily Website

Singapore currency swap deal doubled to $48b

Updated: 2013-03-09 03:35
By WANG XIAOTIAN ( China Daily)

The People's Bank of China has signed an agreement with the Monetary Authority of Singapore to double the size of a currency-swap arrangement, the two sides said on Friday.

Originally agreed at 150 billion yuan in 2010, the swap has been increased to 300 billion yuan ($48.24 billion), or 60 billion Singapore dollars.

The arrangement will be effective for three years and could be further extended if both sides agree.

"The extension aims at boosting bilateral financial cooperation, facilitate trade and investment, and provide short-term liquidity support for the stability of the financial market," the PBOC said.

The move comes a month after the Chinese central bank approved the Singapore branch of the Industrial and Commercial Bank of China as the clearing bank in Singapore, an indication the Southeast Asia country could become the Chinese mainland's third offshore yuan center after Hong Kong and Taiwan.

The expansion of the agreement makes Singapore's swap line the third largest, after Hong Kong (400 billion yuan) and South Korea (360 billion yuan), signaling that policymakers are projecting a sizable yuan market in Singapore.

Australia and New Zealand Banking Group analysts said in a research note that they expect the swap arrangement could be further increased to 400 billion to 500 billion yuan, using Hong Kong's deposit of 624 billion as a benchmark.

"The agreement is a complementary measure to support ICBC as the clearing bank.

"It appears that the formal launch of the offshore RMB business in Singapore should come soon," the note said.

As of last June 2012, yuan deposits in Singapore stood at about 60 billion yuan.

The currency has been gaining popularity worldwide as China accelerates its pace of expanding offshore renminbi hubs and gradually achieves convertibility of the renminbi under the capital account.

The Bank of England said in January it is prepared in principle to become the first G7 central bank to enter a foreign exchange swap agreement with China.

A Standard Chartered Bank index measuring the global use of the yuan registered a new high in January, as trade settlements and other yuan-denominated international payments continued to grow.

The lender said on Thursday that payments through Hong Kong, Singapore and London had hit record highs, and cross-border renminbi payments through Singapore rose 30 percent from a month earlier.

Yi Gang, PBOC's deputy governor, said on Wednesday that he expected the exchange rate of China's currency to remain stable, with greater flexibility.

He said the central bank had reduced its intervention in the currency market, and the currency is very close to its equilibrium level.

Contact the writer at wangxiaotian@chinadaily.com.cn

 
 
...
主站蜘蛛池模板: 久久久久久久一区二区 | 手机看片日韩福利 | 午夜激情男女 | 色综合色综合 | 亚洲一区二区在线播放 | а√中文在线资源库 | 亚洲综合在线视频 | 天天躁日日躁狠狠躁喷水 | av网站在线播放 | 成年免费视频黄网站在线观看 | 五月天婷婷综合网 | 国产最新在线 | av网站在线免费看 | 久久伊人在 | 久久久天堂国产精品女人 | 四虎影视在线播放 | 有码av| 黑人巨大精品欧美黑寡妇 | 欧美日韩精品在线视频 | 俄罗斯毛片基地 | 欧美二区在线观看 | 久热香蕉视频 | 日韩在线精品视频 | 免费成人高清视频 | 99久精品| 色狠狠综合网 | 黄色a毛片 | 欧美日韩二区三区 | 国产精品亚洲成在人线 | 国产综合91| 日韩v片| 男女无遮挡xx00动态图120秒 | 免费a视频在线观看 | 久草中文在线观看 | 久久久久女教师免费一区 | 午夜草草 | 97超碰免费在线观看 | 蜜桃精品噜噜噜成人av | 浪漫樱花在线观看高清动漫 | 国产区在线看 | 亚洲自拍偷拍网站 |