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

chinadaily.com.cn
left corner left corner
China Daily Website

Cross-Straits currency clearing deal signed

Updated: 2012-08-31 20:13
By WANG XIAOTIAN ( chinadaily.com.cn)

The People's Bank of China, the Chinese mainland's central bank, signed an agreement with Taiwan's "central bank" on Friday to establish renminbi clearing in Taiwan, the PBOC announced in a statement on its website on Friday.

Effective in 60 days, the agreement allows each side to set up a clearing bank and directly process currency transactions. Before the agreement, the US dollar was used as an intermediary currency.

The PBOC will appoint a commercial bank — either Bank of China Ltd or Bank of Communications — as the yuan-clearing bank in Taiwan, said the statement. But Taiwan has not decided on a clearing bank yet.

"The establishment of the cross-Straits clearing mechanism signals that currency cooperation between the two sides has entered into a new phase and marks an important milestone in mutual financial cooperation," the PBOC said in the statement, adding it expects direct currency convertibility will facilitate cross-Strait trade.

Under the agreement, the yuan, which will be designated as "CNT" in Taiwan, will have its own spot and interbank markets. Banks in Taiwan will also offer RMB savings accounts.

A currency swap agreement is currently under consideration, but the size has not been decided yet.

"While (Friday's) announcement paves the way for a direct currency trade, the authorities will have to work out the technical details including pace, scope and other technicalities. It seems that Taiwan's RMB market will not replicate the model in Hong Kong," said Raymond Yeung, senior economist at the Australia and New Zealand Banking Group Ltd.

The total value of cross-Straits merchandise trade amounted to $120 billion in the past year.

An average of 4 percent of global payments with the Chinese mainland were settled in RMB, according to latest statistics of Society for Worldwide Interbank Financial Telecommunication.

As Taiwan and the mainland establish a closer economic relationship, that figure could reach 10 percent within six to 12 months, said ANZ.

"Cross-Straits trade settlement in RMB could reach $12 billion a year, and CNT deposits could build up very quickly."

The development of the RMB market will likely be much slower than that in Hong Kong, said Yeung.

"Besides, the statement does not mention any arrangements between the RMB markets in Taiwan and Hong Kong. At this stage, it is difficult to assess whether a CNT market will generate arbitrage opportunities."

 
...
...
...
主站蜘蛛池模板: 亚洲综合99 | 9191在线视频 | 日本不卡一区二区三区 | 99视频导航| 久久精品久久久久久 | 国产免费99| 在线婷婷| 黄色香蕉视频在线观看 | 国产午夜精品一区二区三区嫩草 | 黄色日韩| 欧美日韩色综合 | 五月中文字幕 | 毛片网站在线看 | 免费一级片 | 日本特黄视频 | 久久久久久久久久久91 | 国产精品毛片久久久久久久av | 少妇精品一区二区三区 | 四虎地址8848 | 免费岛国av | 亚洲三级国产 | 精品福利视频导航 | 调教驯服丰满美艳麻麻在线视频 | 在线a网 | 亚洲激情小视频 | 黄色资源网站 | 涩涩一区 | 黑人巨大精品欧美一区二区 | 男人天堂网站 | 久久久综合 | 四虎网站最新网址 | 欧洲国产精品 | 朝桐光一区二区三区 | 国产视频精品在线 | 国产视频福利 | 99视频精品全部免费看 | 窝窝午夜影院 | 亚洲黄色片在线观看 | 亚洲精品自拍视频 | 四虎国产成人精品免费一女五男 | 少妇按摩一区二区三区 |