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

Bank of China gets yuan mandate in Frankfurt

(China Daily) Updated: 2014-06-20 08:46

The central bank said on Thursday that it had designated Bank of China Ltd as the first yuan-clearing service bank in Frankfurt, the latest step in the nation's drive to bolster international use of the currency.

The move came a day after China Construction Bank Corp was designated as the first yuan-clearing bank in London.

In a statement on its website, the People's Bank of China appointed Bank of China as the first bank in the euro area able to clear payments in the Chinese currency.

The selection of the lender's Frankfurt branch will help Germany's financial capital become a hub for yuan trading, experts said. The German and Chinese central banks agreed on March 28 to cooperate in the clearing and settlement of transactions in the yuan.

Since March, three issuers have sold yuan-denominated debt in Frankfurt.

"The reason for Frankfurt to facilitate euro-area trade is because it is the center for the European Central Bank. And in exactly the same way, London is the sterling center and the link is between sterling and the renminbi," said Andrew Main, managing partner of Stratton Street Capital LLP.

During Premier Li Keqiang's visit to the UK this week, China Construction Bank, the country's second-largest lender, clinched a deal to become UK's first clearing bank for the yuan. London is also aiming to become the leading Western center for the offshore yuan trade.

The PBOC said on Wednesday that the Chinese currency will be traded directly against sterling in the interbank foreign exchange market, a new step to facilitate investment and bilateral trade between China and Britain.

London, which dominates the $5 trillion a day global foreign exchange market, accounts for two-thirds of all renminbi payments outside of the Chinese mainland and Hong Kong, according to UK Chancellor of the Exchequer George Osborne.

Osborne also said on Wednesday the increasing importance of the yuan could lead to a "historic shake-up" of the global financial system, and he wants the United Kingdom to play a central role.

Financial centers such as London, Frankfurt, Luxembourg, New York, Paris and Singapore are competing to become the top offshore yuan hub as China promotes the use of its currency in international trade.

Bank of China gets yuan mandate in Frankfurt

Bank of China gets yuan mandate in Frankfurt

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 福利网址在线观看 | 国产精品午夜影院 | 午夜影院久久 | 欧美国产一区二区 | 国产亚洲精品精品精品 | 久精品在线| 久久久久一区二区三区四区 | 四虎884aa成人精品 | 亚洲一区网| 欧亚毛片 | 精品亚洲一区二区三区 | 国产又粗又黄的视频 | 久久不卡免费视频 | aaa一区二区三区 | 91久久综合亚洲鲁鲁五月天 | 精品在线免费观看 | 黄色一级视频免费 | 亚洲欧美在线综合 | 久久久视频 | 国产精品手机视频 | 日本aⅴ在线观看 | 四虎影院站长工具 | 超碰在线网址 | 伊人青青操 | xxxx国产视频 | 午夜激情视频在线 | 一本色道久久综合 | www日本高清视频 | 丁香婷婷九月 | 久久网址 | 伊人天堂在线 | 日韩中文在线视频 | 国产精品自拍区 | www.色天使| 欧美精品国产动漫 | 黄色a网站 | 午夜国产福利 | 99视频热 | 三级精品视频 | 视频一区二区三区在线 | 一区二区精品国产 |