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 / Economy

China's currency to essentially become world's great currency

(Xinhua) Updated: 2015-10-19 16:11

LONDON - China's renminbi, or Chinese yuan, is to become the world's third great currency, after the US dollars and euro, said Douglas Flint, group chairman of HSBC Holdings plc, in an interview with Xinhua.

However, Flint also pointed out that it will probably take a few decades for the renminbi to gain the share as a world reserve currency as the dollar and euro currently have.

Rise of chinese currency

Flint said he is excited to see the rapid growth of renminbi business globally, saying the inclusion of the renminbi into SDR's basket currencies would be symbol of maturity of the Chinese currency.

"The SDR is usually a symbol of maturity of the currency. I think more importantly as growing share of China's trade that is being denominated and settled in renminbi, that the comfort of the world is beginning to have in the renminbi as the investment currency," Flint said.

He also noted that more central banks have swap lines the People's Bank of China -- the Chinese central bank, and more reserve managers include renminbi in their reserve management plans.

"And all of that shows the maturity and confidence in the currency, so I think it is terribly important that the renminbi progresses toward full internationalization, and essentially become the world's third great currency, after the dollar and euro," he said.

The International Monetary Fund (IMF) executive board plans to discuss and decide in November whether to include the renminbi into its special drawing right (SDR) currency basket.

But he stressed that it would take some time to reach the full internationalization of the renminbi, as the market needs to acquire confidence in a yield curve of the currency's assets with more bonds issued in longer maturity, before it gains a greater part of foreign reserves managers' plans.

"I think it will take a few decades before Chinese currency rank alongside the dollar and euro in terms of the proportion of reserves. I think one of the most significant areas for the renminbi would be the expansion of the bond market within China, so there will be a much broader and deeper yield curve for Chinese bond issued domestically and then internationally," he said.

He believed that London is playing a pivotal role in promoting renminbi's internationalization process, as it is one of the most important markets for renminbi outside of Asia as well as the world's largest foreign exchange market, because of history, because of expertise, expertise and liquidity.

Previous Page 1 2 3 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 久久久久久久国产精品影院 | 奇米四色综合久久天天爱 | 中文字幕亚洲国产 | 乱码在线中文字幕加勒比 | 国产盗摄精品一区二区三区 | 国产精品美女久久福利网站 | 国产在线拍揄自揄视精品不卡 | 亚洲欧美日韩另类精品一区二区三区 | 国产精品三 | 最新亚洲精品国自产在线 | 国产精品久久国产精品99 | 中日韩精品视频在线观看 | 毛片爽爽爽免费看 | 免费在线一级片 | 男人的天堂高清在线观看 | 日本免费视| 国产成人免费在线观看 | 欧美亚洲国产人成aaa | 久久91亚洲精品久久91综合 | 久久久久久久久久久久久久久久久 | 在线视频一区二区三区四区 | cao在线观看 | 亚洲男同视频网站 | 国产片毛片 | 亚洲精品网址 | 欧美视频一区在线 | 综合国产 | 亚洲热视频| 狠狠色综合网站久久久久久久 | 成人做爰视频www片 成人做爰视频www视频 | 日本三级香港三级人妇gg在线 | 国产日产亚洲系列首页 | 曰本女人色黄网站 | 免费韩国美女爽快一级毛片 | 亚洲视频一区二区在线观看 | 男女一级爽爽快视频 | 欧美日韩在线播一区二区三区 | 欧美精品成人3d在线 | 精品国产自在现线看久久 | 中文在线com | 99久久精品久久久久久清纯 |