在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

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: 欧美一级片网站 | 91在线免费视频观看 | 欧美性一区二区 | 一区二区三区免费在线观看 | 亚洲精品911 | 日本久久久久久久久 | 男女啪啪网站 | 中文字幕永久免费 | www.草逼| 精品国产一二三区 | 国产成人一区二区三区 | 五月婷婷激情综合 | 成人免费视频一区二区 | 国产欧美日本 | 午夜视频 | 在线观看免费av网站 | 国产精品免费一区二区 | 91精品久久久久久 | 国产美女自拍 | 国产亚洲欧美在线 | 天天视频国产 | 黄色三级免费 | 亚洲黄色小视频 | 丰满少妇高潮 | 三级视频网 | 在线观看日韩精品 | 国产精品原创 | 一区二区三区四区视频在线观看 | 黄色成年人网站 | 精品成人在线 | 在线免费看毛片 | 日韩一级大片 | 91一级片 | 国产一级18片视频 | 亚洲视频在线免费观看 | www.色日本 | 99精品网站 | 黄色片视频在线观看 | 九九热精品在线 | 青草视频在线 | 国产区视频 |