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

RMB internationalization benefits whole world

(Xinhua) Updated: 2015-01-23 13:40

BEIJING - The internationalization process of China's currency has made a new stride forward during the ongoing World Economic Forum annual meeting, with Beijing and Bern inking a deal to expand financial cooperation.

Under the agreement, signed Wednesday in the Swiss ski resort of Davos, China gives Switzerland an $8 billion investment quota under its Qualified Foreign Institutional Investor program, and the two sides plan to open a Chinese bank in Zurich for future renminbi clearance.

With China having become a leading economy and trading power, the renminbi's cross-border settlement has been surging. Official figures show that the volume shot up from an equivalent of 580 million dollars in 2009 to 1.3 trillion dollars in the first 10 months of 2014.

A report released last November by Belgium-based global payment services company SWIFT ranked the renminbi as the seventh payments currency in the world. In 2011 it ranked the 21st.

China is moving steadily along the path of renminbi internationalization, following a strategy described as "crossing the river by feeling the stones." So far 12 cities, including Hong Kong, London, Paris and Sydney, have officially announced the establishment of an offshore renminbi center.

The benefits are clear. For Chinese banks, the process provides a strategic opportunity to follow their clients abroad and develop their international payments clearing business.

Chinese companies, especially small- and medium-sized ones, can use the renminbi for cross-border trade instead of a foreign currency, thus reducing its foreign exchange costs and risks.

For foreign companies, the process will facilitate their business with more Chinese enterprises, helping increase the overall size of trade, diversify their assets, and hedge against depreciation of one currency.

Analysts described the path of the renminbi internationalization as a three-phase process: using the currency first for trade, then for investment and in the longer term as a reserve currency.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 亚洲麻豆精品 | 国产精品自产拍 | 欧美成人一二三区 | 日韩av资源 | 高清免费av | 日韩欧美三区 | 中文在线a√在线8 | 夜夜天天干 | 久久99国产精品 | 夜夜爽影院 | 精品美女一区二区三区 | 国产最新精品视频 | 美女国产在线 | 国产美女福利 | 一区二区三区福利视频 | 免费黄在线观看 | 亚洲国产影院 | 精品久久国产视频 | 久夜精品| 99成人精品| 欧美中文日韩 | 午夜在线一区二区 | 久视频在线| 操韩国美女| 久久久精品免费观看 | 你懂的在线观看视频 | 久久久午夜影院 | 黄色成人一级片 | 欧美少妇xxxxx| 在线观看欧美日韩 | 99r精品| 欧美性网址 | 亚洲三级在线看 | 亚洲日本中文字幕 | 五十路在线视频 | 91 禁| 欧美v片 | 国产一区精品在线观看 | 青青草久久久 | 专业操老外 | 日本精品久久 |