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

China to start direct yuan-euro trade

(Xinhua) Updated: 2014-09-30 09:25

China to start direct yuan-euro trade

Photo taken on March 16, 2014, shows yuan (central) and other currencies in the picture. [Photo/IC]

SHANGHAI - China will allow direct trading between the yuan and the euro from Tuesday, according to a central bank statement on Monday.

The People's Bank of China (PBOC) website on Monday said that direct yuan-euro trade would reduce exchange costs and it will actively support direct trading.

Trade between China and Europe in the first half of this year reached $291 billion, up 12 percent year on year, according to the Ministry of Commerce. The China Foreign Exchange Trading System already offers yuan trade against the euro but only through the US dollar as an intermediary.

The direct trade is a major development for the internationalization of the Chinese currency, said Ryan Song, head of markets for China at HSBC, one of the first batch of market makers.

The yuan has become the seventh biggest payment currency and the ninth biggest transaction currency in the world but it only accounts for 1.4 percent and 2.2 percent of the world's daily foreign exchange settlement and trading volume respectively, said Zhang Maorong, a researcher with the China Institutes of Contemporary International Relations.

"There is great potential for the internationalization of the Chinese currency," said Zhang.

The government keeps a tight grip on the capital account but is gradually relaxing its hold on the yuan, making it a global reserve currency.

China is under pressure to diversify its foreign exchange reserves-the world's largest - which stood at nearly $4 trillion at the end of June.

Currency swaps with foreign governments have increased overseas circulation of the yuan and in June direct trading began between the yuan and Britain's pound.

Direct onshore trade is allowed in a number of currencies, including the Japanese yen, Australian dollar, New Zealand dollar, Malaysian ringgit and Russian ruble.

China to start direct yuan-euro trade

China to start direct yuan-euro trade 

Europe helps boost yuan use internationally Putin looks to RMB to replace greenback

 

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 伊人影院久久 | 午夜激情免费视频 | 亚洲精品在线免费观看视频 | 色狠狠一区二区三区 | 三级欧美韩日大片在线看 | 成人网在线 | 久久91久久 | 9l视频自拍9l视频自拍 | 成人欧美激情 | 国产日本在线 | 日韩aⅴ片| 国产精品夜夜夜爽阿娇 | 亚洲欧美中文字幕 | 国产精品嫩草影院精东 | 成人小视频在线 | 国产一区二区在线免费 | 国产毛片一级 | 久久国产精品无码网站 | 羞羞免费视频 | 国产123区| 人人插人人舔 | 这里只有精品视频在线观看 | 经典三级久久 | 国产毛片欧美毛片久久久 | 亚洲最大视频网站 | 成人精品一二三区 | wwwwww日本| 久久99久久久久久久久久久 | 精品国产乱码久久久 | 欧美经典一区二区三区 | 国产美女久久 | 国产欧美视频在线 | 伊人高清 | 欧美黄色大片免费看 | 黄色一级在线观看 | 国产日韩欧美在线 | 欧美日韩在线看 | 小嫩女直喷白浆 | 美女网站在线看 | 羞羞答答影院 | caoporn91|