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

S.Korea, China agree to launch Won-Yuan trading market in Seoul

(Xinhua) Updated: 2014-07-04 09:21

The series of agreement had a great meaning as a package of institutional base for ample supply and demand for the Chinese currency was completed rapidly and comprehensively through the summit meeting between Park and Xi, the presidential office said.

S.Korea, China agree to launch Won-Yuan trading market in Seoul 

Xi hails South Korea's growing international influence

S.Korea, China agree to launch Won-Yuan trading market in Seoul

South Korea eyes China's financial market

The base for active transactions between the two currencies will benefit companies of both countries and boost bilateral trade and investment.

South Korean companies will save conversion costs such as exchange commission by directly converting the yuan into the won, with no need to undergo a process of exchanging the yuan for the US dollar before swapping the US dollar into the South Korean currency.

Settlement costs will reduce as South Korean companies can use Chinese clearing banks in Seoul, while Chinese firms will benefit from falling foreign exchange risks by settling trade with the yuan.

It will also reduce South Korea's dependence on the US dollar for settlement in trade with China. The two neighbors have used the US dollar as the main settlement currency because the yuanand the won are not exchangeable fully in the global market.

The reduced costs were anticipated to further speed up bilateral trade, which has already reached a landmark level.

Two-way trade between China and South Korea totaled $274.25 billion in 2013, amounting to South Korea's trade volume with the United States and Japan combined. It was a 55-fold expansion since the two nations set up diplomatic ties in 1992.

China has become South Korea's largest trading partner, largest market of exports, largest source of imports and biggest destination of overseas investment, while South Korea was China's third-biggest trading partner and fifth-largest source of foreign investment in 2013.

Seoul and Beijing set off negotiations for the bilateral free trade agreement (FTA) in May 2012. To date, 11 rounds of talks have been held.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 国产男女乱淫真视频全程播放 | 久久国产免费 | 欧美激情性色生活片在线观看 | 欧美性性性性性色大片免费的 | 美国第一毛片 | 三级免费毛片 | 国产精品亚欧美一区二区三区 | 俺来也欧美亚洲a∨在线 | 日韩美女啪啪 | 欧美成人免费午夜影视 | 精品九九视频 | 国产精品激情丝袜美女 | 一级做a爰片久久毛片欧美 一级做a爰片久久毛片人呢 | 亚洲va久久久噜噜噜久久狠狠 | 免费成人高清视频 | 国产日本韩国不卡在线视频 | 欧美巨大另类极品videohd | 成年人在线网站 | 老司机亚洲精品 | 老师张开腿让我爽了一夜视频 | 日韩国产欧美成人一区二区影院 | 久久免费观看国产精品 | 国产成人高清视频在线观看免费97 | 免费人成激情视频在线观看冫 | 加勒比一区在线 | 国产在线精品观看 | 久久精品国产亚洲网址 | 久久亚洲精品tv | 亚洲国产激情一区二区三区 | 国产欧美日韩精品一区二区三区 | 欧美性猛交xxx免费看人妖 | 日韩精品一区二区三区毛片 | 日本美女一区二区三区 | 天堂视频在线免费观看 | 亚洲天堂网在线播放 | 日韩美一区二区三区 | 久久综合九九亚洲一区 | 国内精品久久久久久野外 | 久久影院在线 | 精品国产一区二区 | 久久一级毛片 |