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

China's international payment system ready

(Agencies) Updated: 2015-03-10 09:55

Opening up

Currently, cross-border yuan clearing has to be done either through one of the offshore yuan clearing banks in the likes of Hong Kong, Singapore and London, or else with the help of a correspondent bank in the Chinese mainland.

"Misunderstandings under the current clearing system happen from time-to-time due to different languages and codings. The CIPS is a breakthrough since it will offer a united platform and enhance efficiency," said Raymond Yeung, an analyst at ANZ in Hong Kong.

The launch of CIPS will enable companies outside China to clear yuan transactions with their Chinese counterparts directly, reducing the number of stages a payment has to go through.

"This is a big development for the small and medium enterprise sector operating in China as their correspondent banks can now access a wider network for settling payments in yuan, leading to lower costs," said the head of treasury solutions at a large European multinational company based in Hong Kong.

For large international companies, CIPS will remove operational inefficiencies as companies will no longer have to worry about ensuring yuan transactions are processed at certain times of day, as they do now, he added.

China's yuan became one of the world's top five payment currencies in November 2014, overtaking the Canadian dollar and the Australian dollar, according to global transaction services organization SWIFT.

Global yuan payments increased by 20.3 percent in value in December compared to a year earlier, while the growth for payments across all currencies was 14.9 percent for the same period, SWIFT said.

China has accelerated the pace of yuan internationalization in recent years. The central bank assigned 10 official yuan clearing banks last year, bringing the total number to 14 globally that can clear yuan transactions with China.

The People's Bank of China was not immediately available for comment when contacted.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 亚洲美女在线观看 | 亚洲精品国产福利一区二区三区 | 国产精品v欧美精品v日本精 | 日韩加勒比在线 | 国产aaaaa一级毛片 | 狠狠综合久久久久综合 | 日本不卡在线一区二区三区视频 | 美女被躁免费视频软件 | 精品国产午夜久久久久九九 | 欧美一级纶理片免费 | 怡红院最新免费全部视频 | 暖暖日本在线播放 | 韩国v欧美v亚洲v日本v | 国产美女主播一级成人毛片 | 国产色视频一区二区三区 | 成人毛片18女人毛片免费 | 性欧美videos高清精品 | 国产三级日产三级日本三级 | 国产精品黄在线观看免费 | 精品视频 久久久 | www.日本三级 | 草草影院ccyycom浮力影院 | 久久最新免费视频 | 久草最新在线 | 国产精品无码久久久久 | 热er99久久6国产精品免费 | 日韩毛片欧美一级国产毛片 | 日本高清色www | 99精品国产免费久久国语 | 香蕉在线观看999 | 国产激情久久久久影 | 成人精品在线观看 | 久久精品成人一区二区三区 | 欧美一区二区三区不卡 | 99久久99这里只有免费费精品 | 伊人www| 久久99国产精品久久99 | 日韩毛片高清在线看 | 亚洲欧美综合网 | 香港经典毛片a免费观看 | 2019在线亚洲成年视频网站 |