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

No 'big bang' seen in yuan's appreciation

Updated: 2010-04-09 07:06

(HK Edition)

  Print Mail Large Medium  Small

Hong Kong Exchanges & Clearing Ltd's Chairman Ronald Arculli said Thursday that the appreciation of China's currency will be a gradual process rather than a "big bang" and that the bourse and its financial infrastructure are ready to handle multi-currency settlement.

"Where the economic recovery of the global market place is still patchy, and not as solid as we would like to see, currency issues are very sensitive," Arculli, 71, said. "The internationalization of the renminbi is a stated objective of the central government, but the timing of it, how we get there, and all that is what we call 'work in progress'."

Arculli, a lawyer, is chairman of the company that has been operating Asia's third-largest stock exchange since April 2006.

He has served on Hong Kong's Executive Council, a body that advises the city's chief executive on policy making.

The yuan strengthened 21 percent in the three years to July 2008, before China blocked its appreciation to help exporters weather a global recession. The Chinese central bank has kept the yuan around 6.83 per dollar since then. The country should move toward a more flexible exchange-rate policy to help promote global economic growth, Geithner said on April 3.

Investor Jim Rogers told Bloomberg Thursday China will eventually allow its currency to appreciate because a strong yuan is needed to help the world's fastest-growing economy fight inflation.

Nobel Prize-winning economist Paul Krugman said last month global economic growth would be stronger if China stopped restraining the value of its currency and running trade surpluses.

Three-month non-deliverable forwards strengthened 0.2 percent to 6.7590 yuan per dollar Thursday in Hong Kong, reflecting bets the currency will climb 1 percent from the spot rate of 6.8245. That's the steepest appreciation indicated by the contracts since July 2008.

Hong Kong Exchanges said in its three-year strategic plan released last month that it will offer yuan-denominated products and plans to become a primary channel for investing by Chinese nationals overseas. China's foreign-exchange reserves, the world's largest, rose 23 percent to $2.4 trillion in 2009, the central bank said January 15.

"The more yuan you have outside the Chinese mainland, the greater the interest will be in yuan products," Arculli said.

Bloomberg News

(HK Edition 04/09/2010 page3)

主站蜘蛛池模板: 在线观看v片 | 亚洲手机在线观看 | 亚洲图片在线视频 | 色婷婷狠狠| 特级丰满少妇一级aaaa爱毛片 | 爱色成人网| 欧美一级一区二区三区 | 免费观看黄一级视频 | 亚洲成网站 | 人人av在线 | 一区二区黄色 | 成人99视频 | 911香蕉 | 国产女人高潮毛片 | 男人av影院 | 福利资源在线观看 | 日韩一级av毛片 | 日韩欧美一区二区三区在线观看 | 午夜激情免费视频 | 中文有码在线 | 欧美一级二级三级视频 | 99er视频| 国产午夜三级一区二区三 | 亚洲天堂成人 | 国产美女在线观看 | 伊人蕉久影院 | 亚洲国产一区在线观看 | 韩国毛片网站 | 成人二区三区 | 91久久国产视频 | 伊人影院在线观看 | 四虎在线免费观看 | 欧美在线日韩 | 国产在线观看免费网站 | 精彩视频一区二区 | 羞羞答答影院 | 久久免费福利视频 | 美女黄色一级视频 | 99国产视频| 日韩每日更新 | 亚洲国产麻豆 |