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

China, Switzerland to sign financial deal on offshore RMB market in Zurich

(Xinhua) Updated: 2015-01-21 09:26

ZURICH - China and Switzerland are poised to sign a financial deal on Wednesday to pave the way for the establishment of an offshore renminbi market in Zurich.

"A memorandum of understanding will be signed between the central banks of the two countries during Chinese Premier Li Keqiang's visit to Switzerland," a government official told Xinhua. "It is an important step in the internationalization of the renminbi, especially in Europe."

Li arrived in Zurich Tuesday to attend the annual meeting of the World Economic Forum (WEF) in the Swiss ski resort of Davos and pay a short working visit to Switzerland.

He is scheduled to deliver a keynote speech on China's economy and reform efforts to the participants of the forum and meet with Swiss leaders on Wednesday.

"Financial cooperation will be the brightest spot of Premier Li's visit to Switzerland," the official said. "The two countries will announce the plan to set up an offshore renminbi market in Zurich."

Under the deal to be signed, China will give Switzerland a quota of 50 billion yuan ($8 billion), under its Qualified Foreign Institutional Investor (QFII) scheme to support the establishment of the Zurich offshore renminbi market, while the first branch of a Chinese bank will be set up in the Swiss financial hub for future renminbi clearance after it gets approval from regulators of both sides.

The QFII program kicked off in 2002 to allow foreign investment in Chinese securities using foreign currencies.

China has established offshore renminbi markets in Hong Kong, London, among other places, in a drive for the internationalization of its currency.

The Chinese and Swiss central banks already signed a bilateral currency swap agreement worth 150 billion yuan ($24 billion), in July last year, which was intended to provide liquidity support to economic and trade exchanges between the two countries.

It is Li's second visit to Switzerland since he took office in 2013, and this year marks the 65th anniversary of the establishment of diplomatic ties between the two countries.

"This shows the importance China attaches to its relations with Switzerland," said Dong Jinyi, former Chinese ambassador to Switzerland. "Though Switzerland is not of big size, it plays a big role in China's overall relationship with Europe."

The Chinese Foreign Ministry said Li's visit is also aimed to reap the "dividend" of a free trade agreement between the two countries after it took effect in July 2014.

Switzerland, famous for its precision instruments and pharmaceuticals, was the first country among the world's top 20 to have a free trade agreement with China.

"The China-Switzerland free trade agreement has exemplary effect. It will not only enhance the economic and trade cooperation between the two countries, but also encourage other countries to follow the lead and work together with China for common development," said Chen Fengying, a senior researcher with China Institute of Contemporary International Relations.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 91亚洲欧美| 成人全黄三级视频在线观看 | 亚洲精品在线视频观看 | 日本成人不卡视频 | 久久国产一片免费观看 | 成人在线精品视频 | 亚洲 欧美 在线观看 | 亚洲女精品一区二区三区 | 91国内在线 | 日韩免费一区二区三区 | 成年人免费观看视频网站 | 久久久久久久99精品免费 | 手机在线看a | 中国一级毛片在线观看 | 澳门毛片在线播放 | 欧美黑人xxxxxxxxxx | 国产一区二区三区美女在线观看 | 欧美亚洲网站 | 国产精品夫妇久久 | 国产综合精品久久久久成人影 | 日韩在线一区二区三区视频 | 在线小毛片 | 高清不卡一区二区三区 | 大量真实偷拍情侣视频野战 | 欧美视频精品一区二区三区 | 亚洲国产毛片aaaaa无费看 | 欧美高清在线视频在线99精品 | 欧美一级视 | 国产精品久久久久国产精品 | 久久久在线视频精品免费观看 | 欧美一级毛片片免费 | 色网站在线观看 | 香蕉成人国产精品免费看网站 | 一级爱做片免费观看久久 | 一级毛片免费看 | 国产男女爽爽爽爽爽视频 | 欧美人拘一级毛片 | 亚洲综合天堂 | 亚洲大片免费观看 | 免费观看视频成人国产 | 国产精品亚洲欧美日韩久久 |