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 / Finance

Renminbi use surges in London in spite of Brexit

By Cecily Liu (China Daily) Updated: 2016-09-26 08:24

Renminbi use surges in London in spite of Brexit

A clerk counts Chinese 100 yuan banknotes at a branch of a foreign bank in Beijing Jan 4, 2016. [Photo/Agencies]

London's offshore yuan activities continue to surge despite Brexit uncertainties, according to the latest figures from China's central bank.

The new figures, reflecting bilateral business confidence and the renminbi's growing international use, showed London's renminbi-denominated business transactions in August were 60 percent higher than July's.

The new figures were announced on Friday by Jin Mei, the People's Bank of China's chief representative in Europe, at a celebration hosted by London's renminbi clearing bank, China Construction Bank.

CCB London celebrated the significant milestone of clearing 10 trillion yuan ($1.5 trillion) of transactions between June 2014, when it was appointed by PBOC to be London's official renminbi clearing bank, and August 2016.

An official clearing bank facilitates efficient clearing of offshore renminbi transactions by working with the central bank.

Brexit refers to the June 23 referendum in which British citizens voted to leave the European Union.

In April, London overtook Singapore to become the world's second-largest offshore renminbi center behind Hong Kong.

Wang Zuji, president of CCB Corp, said CCB London fulfilled its promise of two years ago to provide "fair, efficient, accurate and professional clearing services", and contribute to Sino-British economic development and London's position as an important offshore renminbi center.

CCB London provides yuan clearing services from 1 am to 9 pm London time to cover the trading hours difference between Asian and North American markets.

Its yuan clearing enquiry service runs 24 hours. Ninety-five percent of CCB London's yuan clearing services are completed through its clearing systems automatically.

CCB London provides yuan clearing services for 67 financial institutions, of which only 24 are Chinese organizations, which demonstrates its international client base.

Key clients include international banks such as HSBC, Standard Chartered, Citibank and Bank of America, and other financial institutions including the London Stock Exchange, London Metals Exchange and Chicago Mercantile Exchange.

The fast growth of London's offshore yuan activities is taking place as the renminbi is increasingly used internationally as a trading and investment currency, and its growth as a global reserve currency will be marked by its inclusion in the International Monetary Fund's basket of special drawing rights currencies in October.

Jin said the SDR inclusion will create new opportunities for the development of the London offshore RMB market and also RMB internationalization.

The PBOC also will use policy initiatives to support RMB internationalization, Jin said. It will further deepen financial reforms, promote interest rate and exchange rate liberalization, widen the opening of the financial market, and realize orderly RMB convertibility under the capital account.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产高清美女一级a毛片久久 | 国产精品每日更新在线观看 | 日韩精品综合 | 成人a级高清视频在线观看 成人a毛片 | 日本wwww视频 | 成年人在线视频网站 | 手机看片国产免费久久网 | 国产三级在线观看 | 日本不卡不码高清免费观看 | 亚洲九九 | 亚洲天堂网在线播放 | 欧美一级片网 | 手机在线观看精品国产片 | 国产在线日韩在线 | 九九热视频在线免费观看 | 午夜三级在线观看 | 成人毛片视频免费网站观看 | 中文字幕中文字幕中中文 | 欧美成人老熟妇暴潮毛片 | 亚洲巨乳自拍在线视频 | 中文字幕巨乱亚洲 | 国产日韩欧美综合一区二区三区 | 国产午夜三区视频在线 | 国产成人禁片免费观看 | 日韩免费一区二区三区 | 九九精品视频一区二区三区 | 在线日韩国产 | 成人在线精品视频 | 国产精品视频免费 | a毛片在线观看 | 成人18免费网| 99久女女精品视频在线观看 | 欧美一级毛片特黄黄 | 韩国免费播放一级毛片 | 免费一级网站 | 免费韩国一级毛片 | 久久99亚洲网美利坚合众国 | 在线观看免费黄色网址 | 日韩精品一区二区在线观看 | 国产色啪午夜免费视频 | 一级在线毛片 |