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

World is opening up to yuan, bankers say

By Jiang Xueqing and Chen Jia (China Daily) Updated: 2015-03-20 07:14

World is opening up to yuan, bankers say

A clerk counts yuan bills at a bank in Huaibei, East China's Anhui province. [Photo/IC]

The yuan's internationalization is accelerating and China's "One Belt, One Road" initiatives will stimulate overseas demand for the currency, top Chinese bankers said on Thursday.

Chen Siqing, president of Bank of China Ltd, said at a media briefing in Beijing that the level of internationalization of the renminbi increased rapidly last year and the currency assumed a more prominent role in the capital markets.

The Offshore Renminbi Index, a tracker designed by BOC to reflect the currency's presence in global trade and investment, climbed 29 basis points from a year earlier to 1.2 percent during the fourth quarter of 2014.

As of Dec 31, outstanding offshore yuan deposits amounted to 2.78 trillion yuan ($449 billion), up about 35 percent from the beginning of 2014. Outstanding offshore yuan-denominated bonds rose 44 percent to 481.6 billion yuan.

The value of foreign exchange transactions involving the yuan increased by 80 percent year-on-year to $5.5 trillion in 2014, accounting for 3.6 percent of all foreign exchange transactions.

According to BOC estimates, yuan-denominated assets in the foreign reserves of all countries now account for 0.1 to 0.3 percent of the total. That represents a notable step forward for China, considering that the percentage was almost zero three years ago, said Cheng Jun, general manager of the bank's global trade services department.

Cheng said the internationalization of the yuan will deepen further as the country is promoting the Silk Road Economic Belt and the 21st Century Maritime Silk Road.

"We're trying hard to add the 'renminbi factor' to the 'One Belt, One Road' initiatives in terms of investment, labor, contract projects, trade and currency exchange with countries along the belt and road. The initiatives and the renminbi's globalization will be mutually reinforcing," he said.

Further opening of the capital account this year will drive the internationalization of the renminbi, and ongoing declines in commodity prices will give China more legitimacy when calling for those prices to be yuan-denominated, he said.

China's foreign direct investment, more of it representing companies' long-term overseas projects, is expected to continually increase this year.

"It is a positive sign reflecting China's deepened opening of the capital account," said Zhao Yang, chief economist in China at Nomura Securities.

"The launch of the Asia Infrastructure Investment Bank and its investment projects will expand the global use of the Chinese currency, which means the yuan's internationalization process will speed up," Zhao said.

Contact the writers at jiangxueqing@chinadaily.com.cn and chenjia1@chinadaily.com.cn

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产精品中文在线 | 国产激情第一页 | 成人毛片一区二区三区 | 91免费视频网站 | 亚洲国产精品久久久久久 | 久久理伦 | 欧美精品一二三 | 欧美1级片 | 日韩av在线一区二区三区 | 成人影片免费 | 福利视频一区 | 国产午夜免费 | 亚洲涩情 | 国产精品一二三区在线观看 | 中文字幕亚洲区 | 九九热在线免费观看 | 国精产品视频一二二区 | 成人一区在线观看 | 性xxxx视频播放免费 | 亚洲网在线观看 | 粉豆av | 在线观看免费视频一区 | 国产91丝袜 | 亚洲国产精品二区 | 精品国产www | 欧亚毛片 | 不卡av网站 | 免费一级片在线观看 | 草在线视频 | 灵与欲在线观看 | 免费人成年激情视频在线观看 | 欧美特级黄色大片 | 久久精品高清 | 欧美日韩在线观看成人 | 免费中文字幕日韩欧美 | 成人做爰69片免费观看 | 午夜国产一区 | 深夜福利一区二区三区 | 久久久啊啊啊 | 99视频免费在线观看 | 69久久精品|