久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Make me your Homepage
left corner left corner
China Daily Website

Singapore to widen its RMB liquidity pool

Updated: 2013-07-19 01:09
By WANG XIAOTIAN ( China Daily)

Singapore to widen its RMB liquidity poolSingapore's central bank governor says the island state plans to widen its liquidity pool of the Chinese currency as part of extended efforts to turn itself into a major offshore yuan market.

Ravi Menon said the country is also developing hedging instruments as part of these efforts.

"The critical factors that will determine how well Singapore develops as an RMB hub are liquidity and a range of

hedging products," said Menon, managing director of the Monetary Authority of Singapore, the central bank and financial regulatory authority.

Singapore holds 100 billion yuan ($16.3 billion) in renminbi deposits and Menon expects the total to rise.

"The deposits will grow at a stronger pace over time, facilitated by the launch of the Industrial and Commercial Bank of China's Singapore RMB clearing facilities in May.

"With more liquidity, financial institutions will offer a wider range of RMB products and services to better meet the financing, investment and risk management needs of the market," he told China Daily.

Hong Kong, the largest offshore RMB center, which accounts for 70 percent of overseas yuan deposits, had deposits of 698.5 billion yuan up to May, according to the Hong Kong Monetary Authority.

Taiwan is catching up quickly, and yuan deposits there might increase to 100 billion to 150 billion yuan by the end of the year from 66 billion yuan now, according to a report by Standard Chartered Bank.

Menon said offshore RMB liquidity in Singapore should be interchangeable with RMB liquidity in other offshore centers.

"This will help ensure that surplus liquidity in one center can be channeled to meet the demand in another, thereby improving the efficiency of the overall RMB market.

"While there will no doubt be some competition among the major offshore RMB clearing centers, such as Hong Kong, London and Singapore, they will also play complementary roles in developing the offshore RMB market."

These initiatives will reduce the likelihood of liquidity strains in the offshore market when expectations that the yuan will depreciate run high, he said.

The appointment of offshore RMB clearing banks in Taiwan and Singapore has reduced liquidity friction by enlarging the liquidity pipeline between the Chinese mainland and the offshore RMB market. The establishment of RMB liquidity facilities in Hong Kong and Singapore means that "backstop facilities" can be provided should liquidity strains occur.

Menon said the Monetary Authority of Singapore has broadened the scope to provide RMB liquidity for market stability and will soon be widening the types of collateral that will be accepted.

The Singapore Exchange is ready to quote, trade, clear and settle RMB-denominated securities, Menon said.

Previous Page 1 2 Next Page

 
8.03K
 
...
主站蜘蛛池模板: 国产乱淫视频 | 欧美+日本+国产+在线观看 | 美女黄网站人色视频免费国产 | 香港三级做爰大爽视频 | 成人福利网站含羞草 | 欧美2区| 成年午夜一级毛片视频 | 美女视频黄的免费视频网页 | 免费国产成人手机在线观看 | www.久草视频 | 国产精品亚洲综合网站 | 美欧毛片 | 亚洲综合性 | 扒开两腿猛进入爽爽视频 | 国产成人精品日本亚洲专一区 | 在线人成精品免费视频 | 午夜性a一级毛片 | 欧美一级特黄aa大片 | 三级黄色毛片网站 | 中文字幕有码在线观看 | 久久在线 | 国内精品久久久久久久亚洲 | 亚洲成a人片毛片在线 | 久久免费特黄毛片 | 亚洲品质自拍 | 三级黄色在线 | 成人黄色免费网站 | a性片| 免费精品久久久久久中文字幕 | 一区二区视屏 | 国产黄色三级三级三级 | 国产情侣久久精品 | 国产三级三级三级三级 | 久草视频免费在线观看 | 欧美精品亚洲人成在线观看 | 欧美精品国产制服第一页 | 日产毛片 | 国产在线高清视频 | 国内欧美一区二区三区 | 一级毛片成人免费看免费不卡 | 日本一区二区三区高清福利视频 |