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

Standard Chartered offshore RMB index rises slightly in July

(Xinhua) Updated: 2014-09-09 09:26

Standard Chartered offshore RMB index rises slightly in July

View of the office building of Standard Chartered Bank at the Lujiazui Financial District in Pudong, Shanghai, March 11, 2014. [Photo/IC]

BEIJING - Banking multinational Standard Chartered's Renminbi Globalization Index (RGI) reached 1,911 in July, up 0.85 percent from the previous month and 69 percent year-on-year, it was announced on Monday.

Lackluster index growth was a result of mild detraction of offshore RMB foreign exchange turnover and Renminbi deposits, which partly offset a rise in cross-border Renminbi payments, the London bank said in a statement.

RGI, a comprehensive index that measures the internationalization of the offshore RMB across markets, is the first industry benchmark that effectively tracks the progress of RMB business activity, according to the bank.

It offers corporates and investors a quantifiable view of the latest trends, size and levels of offshore activity that are driving RMB adoption.

The bank said Hong Kong, which started its offshore RMB business in February 2004 and was the first mover in offshore yuan business, remained leader in offshore Renminbi payments, followed by London and Singapore.

Cross-border Renminbi payments rebounded slightly in July, but the Renminbi's share of China's trade dropped, according to the statement.

But Renminbi trade settlement and its share of China's total trade are expected to rebound in the final quarter of this year, on the back of rekindling market confidence in the Renminbi.

Contribution of offshore Renminbi deposits to the increase in the index was the smallest in 21 months as deposit growth remained muted. And there could be more headwinds for offshore Renminbi accumulation in the coming months, it said.

Liquidity in the offshore Renminbi market could stay on the tight side as new and expanded cross-border Renminbi remittance channels, such as Shanghai-Hong Kong Stock Connect, two-way sweeping programs and cross-border loans, could favor net outflows in the near-term.

As a result, the bank revised down Hong Kong's Renminbi deposit to 980 billion yuan (1$59 billion) by the end of 2014, from its original forecast of 1.15 to 1.20 trillion yuan.

Offshore deposits in other emerging centers, especially Taiwan and South Korea, will likely grow strongly, the bank said.

Dim Sum bond primary issuance slid to the lowest this year to just 14 billion yuan in August, bringing gross issuance to 426 billion yuan for the first eight months, or 114 percent of the total in 2013. Full-year Dim Sum issuance forecasts remain at 550 to 580 billion yuan.

Standard Chartered launched the RGI in November 2012. The RGI's base value of 100 was set on Dec 31, 2010. The index covers the top four markets in offshore RMB business.

It measures business growth in four key areas -- deposits (denoting store of wealth), dim sum bonds and certificate of deposits (as vehicles for capital raising), trade settlement and other international payments (unit of international commerce) and foreign exchange (unit of exchange).

 

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 国产成人无精品久久久久国语 | 91.久久 | 欧美成人小视频 | 欧美亚洲欧美区 | 亚洲成人福利在线 | 国产九九免费视频网站 | 在线观看的毛片 | 日韩一页 | 真实偷清晰对白在线视频 | 男女午夜视频在线观看 | 在线视频日本 | 免费看欧美毛片大片免费看 | 久久频这里精品99香蕉久 | 不卡的毛片 | 中文字幕一区二区精品区 | 久草在在线视频免费 | 国产在线极品 | 国产精品成人在线 | 精品400部自拍视频在线播放 | 欧美日韩视频一区二区 | 日韩欧美中文字幕一区二区三区 | 一级毛片免费播放视频 | 日产日韩亚洲欧美综合搜索 | 5级做人爱c视版免费视频 | 亚洲欧美中文日韩二区一区 | 国产精品欧美一区二区在线看 | 欧美性色网 | 一级高清毛片免费a级高清毛片 | 精品国产综合成人亚洲区 | 国产欧美久久久精品影院 | 亚欧在线视频 | 六月丁香婷婷色狠狠久久 | 亚洲美女在线观看 | 日韩在线第一区 | 亚洲综合爱久久影院 | 亚洲天堂免费在线视频 | 最新国产美女肝交视频播放 | 日韩美视频网站 | 国产禁女女网站免费看 | 久久久久久久久久综合情日本 | 国产人成午夜免视频网站 |