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

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: 久久亚洲国产最新网站 | 久久亚洲天堂 | 两性免费视频 | 成年女人午夜免费视频 | 中文偷拍视频在线观看 | 久久不见久久见免费影院www日本 | 日本在线免费视频 | 成人a毛片在线看免费全部播放 | av在线亚洲男人的天堂 | 黄色免费看片网站 | 国产热久久精 | 女在床上被男的插爽叫视频 | 亚洲成人综合视频 | 美女免费黄网站 | 国产精品三级在线观看 | 丰满寡妇一级毛片 | 99精品在线观看 | 亚洲视频在线视频 | 国产成人午夜性视频影院 | 欧美2区 | 欧美三级网站在线观看 | 成人中文字幕一区二区三区 | 欧美精品网站 | 日本一区二区三区四区不卡 | 成年人在线观看网站 | 一级v片 | 久久视频精品线视频在线网站 | 免费国产成人高清无线看软件 | 久久精品免观看国产成人 | 亚洲欧美久久精品 | 欧美成人免费一区在线播放 | 中文字幕精品一区二区精品 | 欧美久久久久久久久 | 午夜美女久久久久爽久久 | 在线中文字幕一区 | 深夜福利国产福利视频 | 久久爱一区 | 国产一级特黄一级毛片 | 一区二区影视 | 亚洲成年www | 中字毛片 |