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 / Companies

ICBC Luxembourg launches RMB clearing service for 15th anniversary

By Liu Jia in Luxembourg (chinadaily.com.cn) Updated: 2014-12-05 17:49

ICBC Luxembourg launches RMB clearing service for 15th anniversary

Jiang Jianqing, chairman of the Industrial and Commercial Bank of China delivered keynote speech at the launch ceremony [Photo/Liu Jia]

Industrial and Commercial Bank of China in Luxembourg celebrated it's 15 th anniversary by announcing new RMB clearing services on Thursday in Luxembourg.

The bank will now be able to operate as a clearing bank in the Grand Duchy, following the People's Bank of China (PBoC)'s designation announced in September.

In addition to Luxembourg, ICBC's Singapore branch was also added to the RMB clearing bank list. ICBC also operates RMB clearing banks in Doha and Toronto. Marked as the largest commercial bank by asset, ICBC is the first Chinese bank to conduct 24 hour non-stop cross-time-zone offshore RMB business across three Continents.

"The Branch (Luxembourg) will commit to providing safe, premium and efficient RMB clearing service to its customers," said Jiang Jianqing, chairman of ICBC at ceremony.

Through such clearing services, banks in Luxembourg and other regions are now able to implement RMB transactions via accounts opened in Luxembourg and benefit from ascending efficiency and facilities of the international usage of RMB.

ICBC chairman Jiang said the bank will constantly enrich and provide comprehensive and innovative RMB products. The move is seen as a further boost in EU-China cooperation and enhances the development of RMB business Jiang added.

In addition to the Luxembourg branch's anniversary, the Luxembourg Stock Exchange also signed a Memorandum of Understanding with ICBC to facilitate financial activities related to the internationalization of RMB.

Despite slightly falling behind its neighboring competitors, London, Frankfurt and Paris, all of which have launched of RMB clearing services offered by other Chinese banks, the Luxembourg market is believed to leverage the whole of Europe.

The latest statistics provided by ICBC shows that Luxembourg owns the largest pool of RMB in the Eurozone, with currently 79.4 billion yuan in deposits and 73.0 billion yuan in loans, 32.9 billion in RMB bond listings and over 261.8 billion RMB asset in mutual funds.

It is also the only country in Europe with RMB denominated mutual funds.

The financial hub is now also recognized as a gateway to Europe, with a soaring number of Chinese ODI flowing into the continent.

The city country promotes itself as a "home" for Chinese commercial banks by building its brand name in cross-border investment fund and bond in particular.

"We are very happy there will be six banks from China by the end of this year or the beginning of next year," said Pierre Gramegna, Luxembourg's Minister of Finance.

The other three Chinese banks (besides BOC, ICBC, and China Construction Bank) expected to set up shop in Luxembourg are Bank of Communications, Agricultural Bank of China, and China Merchants Bank. The former two banks have received operation licenses in October and November respectively, while the license for China Merchants Bank is still pending in Luxembourg Ministry of Finance at present.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 久久熟 | 成人国产在线视频 | 国内成人精品视频 | 武松金莲肉体交战在线观看 | 亚洲精品专区一区二区欧美 | 日本免费久久 | 国产欧美日韩精品a在线观看 | 岛国在线永久免费视频 | 毛片视频免费观看 | 欧美三级视频在线观看 | 欧美观看一级毛片 | 久久99亚洲精品一区二区 | 亚洲悠悠色综合中文字幕 | 亚洲成人www | 免费aⅴ在线 | 亚洲欧美手机在线观看 | 成人在线综合网 | 2020黄网| 色噜噜国产精品视频一区二区 | 毛片大片免费看 | 国产原创系列在线 | 久久免视频| 亚洲欧美日韩在线线精品 | 亚洲国产成人久久一区二区三区 | 九草视频在线观看 | 4438全国最大成人网视频 | 日韩经典欧美精品一区 | 成人国产精品一级毛片天堂 | 精品国产免费第一区二区三区日韩 | 色秀视频在线观看88品善网 | 美女视频永久黄网站免费观看韩国 | 国产一级在线现免费观看 | 国产真实乱子伦精品视 | 国产精品视频99 | 精品久久久久久免费影院 | 亚洲精品专区一区二区三区 | 大学生一级一片第一次免费 | 欧美13一14sexvideo欧 | 一级美国片免费看 | 99视频在线免费观看 | 在线免费一区二区 |