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

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Finance

China's central bank can promote wider use of SDR, central banker says

Xinhua | Updated: 2017-04-22 14:07

WASHINGTON - The People's Bank of China (PBOC), China's central bank, could play a role in promoting the wider use of Special Drawing Rights (SDR), said Yi Gang, deputy governor of the PBOC, on Friday.

The use of SDR as a unit of account, financial instruments and official reserves has shown progress since the Chinese currency, the renminbi, joined the SDR basket last year, said Yi at a forum during the International Monetary Fund (IMF) and World Bank Spring Meetings.

According to the deputy governor, China has started reporting foreign reserves and international balance of payment data in SDR; and the World Bank and Standard Chartered have successfully issued SDR bonds in China.

However, Yi pointed out that the infrastructure for the SDR market needs improvement because the market still lacks liquidity, and the costs for hedging and settlements remain high.

In order to promote SDR market liquidity, Yi suggested that market institutions could increase the use of SDR as an accounting unit, which could encourage their participation in the SDR market and inject more liquidity into the market.

Mohamed El-Erian, chief economic advisor for Allianz, at the same forum also suggested that multilateral banks, sovereign wealth funds and multinational companies could be potential players in the SDR market.

In terms of official SDR reserves, Yi said that the IMF has played an important role in SDR allocation, while other central banks of countries that issue the reserve currency could also play a role in facilitating other SDR reserve holders to convert their SDR assets into other reserve currency assets. In this regard, China's central bank could also play a role, said Yi.

The SDR is an international reserve asset created by the IMF in 1969 to supplement its member countries' official reserves. It can be exchanged among governments for freely usable currencies in times of need.

Last year, the IMF decided to include the RMB in the SDR basket as a fifth currency. It's the first time for the IMF to include a currency from an emerging market economy in its SDR basket.

It is an acknowledgement of the progress China has made to get integrated into a global financial system dominated for decades by advanced economies, marking a historic milestone for China, the IMF and the international monetary system.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 国产在线最新 | 色综合天天| 亚洲一区二区成人 | 天天操天天操 | 国内毛片视频 | 精品人伦一区二区 | 95视频在线观看 | 噜噜色av | 国产精品入口麻豆九色 | www.国产在线 | 开心春色激情网 | 日本成人一级片 | 97国产精品久久 | 狠狠的干| 成人xxx视频 | 亚洲一级免费视频 | 99视频+国产日韩欧美 | 亚洲精品成人av久久 | cao在线 | 日韩专区在线观看 | 婷婷6月天 | 亚洲一区欧美二区 | 桃色一区| 97中文在线| 日韩中文在线观看 | 久久午夜鲁丝片 | 日本黄色一区 | 欧美成人xxxx| 午夜久久福利 | 妹子色综合 | 日韩区在线观看 | 新黄色网址 | 亚洲精品综合 | 亚洲免费在线观看视频 | 男人阁久久 | 日日夜夜免费精品视频 | 神马午夜精品95 | 午夜视频在线 | 97蜜桃网 | 日韩亚洲国产欧美 | 日本不卡在线视频 |