www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Markets

Five lenders launch free trade accounts in Shanghai

By Wu Yiyao in Shanghai (China Daily) Updated: 2014-06-19 07:10

Free trade accounts, which will enable some companies to secure cheaper yuan-denominated funding from off-shore markets, were launched on Wednesday in the China (Shanghai) Pilot Free Trade Zone.

The move was announced by the People's Bank of China Shanghai Head Office.

Analysts and market insiders said the launch represents a milestone in financial reforms within the FTZ to support trade and the financial market's opening up.

FTZ-registered enterprises and entities and overseas institutions may complete cross-border settlement for their checking accounts and direct investment accounts through these facilities.

These new accounts will promote widespread free trade investment and funding, with further details to be announced soon, according to the PBOC's office.

Five banks started the business on Wednesday, including Bank of China Ltd, Shanghai Pudong Development Bank Co Ltd and China Merchants Bank Co Ltd.

"Free trade accounts will help lenders to innovate while also monitoring risks more closely," said Chen Siqing, president of Bank of China.

For companies, these accounts will be a way to secure cheaper funding and discover investment opportunities.

"Free trade accounts will help State-owned enterprises (get funding more easily) and invest in overseas markets by reducing funding costs and promoting investment efficiency," said Zhuang Guowei, vice-president of Bright Food (Group) Co Ltd.

The convenience of these accounts will also benefit commodity trading activities, including precious metals and energy, said Zhang Xin, head of the PBOC Shanghai Head Office.

The Shanghai Gold Exchange signed a memorandum of understanding with the PBOC's office in Shanghai to launch an international gold exchange in the FTZ using the free trade account mechanism. This system will enable yuan-denominated trading of the precious metal in the zone.

The exchange has signed settlement cooperation contracts with four lenders: Industrial and Commercial Bank of China Ltd, China Construction Bank Corp, Bank of China and Shanghai Pudong Development Bank.

Qualified overseas clients and FTZ-registered clients may open free trade accounts with these four lenders and trade gold, according to Xu Luode, an executive of the SGE.

"We hope that the convenient capital flows enabled by the free trade accounts will also help Shanghai to become an intermediary trade hub for gold," said Xu.

More lenders will launch free trade account services after being cleared by regulators, said Zhang.

Five lenders launch free trade accounts in Shanghai

Five lenders launch free trade accounts in Shanghai

More lenders make RRR cuts Money market funds must come under controls

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 日韩精品一区二区三区视频 | 欧美俄罗斯一级毛片 | 天堂8资源8在线 | 亚洲一区2区三区4区5区 | 欧美在线观看成人高清视频 | 成人免费在线播放 | 国产日产欧美a级毛片 | 国产丝袜不卡一区二区 | 2022国产91精品久久久久久 | 国产三级日产三级日本三级 | 国产日韩欧美另类 | 亚洲一区免费在线观看 | 91久久综合九色综合欧美98 | 一级毛片免费观看不卡的 | 九九热久久免费视频 | 成人亚洲欧美 | 成年女人免费观看视频 | 日本韩国一区二区三区 | 欧美不卡在线视频 | 亚洲成人在线免费 | 国产高清国产专区国产精品 | 岛国午夜精品视频在线观看 | 国产福利久久 | 91视频站 | 美女美女大片黄a大片 | 成人精品免费网站 | 91香蕉成人免费网站 | 9999毛片免费看 | 欧美成年免费a级 | 中国女人18xnxx视频 | 国产美女无遮挡软件 | 欧美三级 欧美一级 | 欧美日韩一级黄色片 | 精品免费久久久久久成人影院 | 欧美一级日韩在线观看 | 国内精品久久久久久中文字幕 | 国产亚洲人成a在线v网站 | 香港经典毛片a免费观看 | 亚洲tv成人天堂在线播放 | 黄色三级三级三级免费看 | 精品亚洲成a人在线播放 |