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

A record year for foreign renminbi exchange

By Yang Ziman (China Daily) Updated: 2014-02-19 08:52

The Cross-border RMB Index developed by Bank of China Ltd to measure renminbi activity in the global market rose by a record 56 points in the fourth quarter of 2013 year-on-year, BOC reported Tuesday.

The index stood at 228 in December, breaking the threshold of 200 for the first time.

"The growing profile of China's trade in the global market has boosted the growth of renminbi settlement," said BOC President Chen Siqing. "In the fourth quarter last year, renminbi settlement in China's imports and exports increased by 30 percent over the previous quarter, pushing CRI up by 20 points."

A record year for foreign renminbi exchange

Yuan influence on the rise worldwide

A record year for foreign renminbi exchange 

Yuan use rises to 8th position

In 2013, China's merchandise trade exceeded $4 trillion, making it the world's No 1 trading country.

Total cross-border renminbi settlement was 5.16 trillion yuan, up 61 percent year-on-year. Under the current account, the proportion of yuan-dominated merchandise trade went from 5.5 percent in 2011 to 11.7 percent in 2013. In terms of capital account, renminbi-dominated direct investment increased by 130 percent from the end of 2012.

"The globalization of the renminbi is growing at a remarkable pace," said Chen. "The outflow of the currency has been consistently higher than inflow as the offshore yuan market expands."

In 2013, about 500 billion yuan ($82.4 billion) entered overseas markets through trade or investment. It is estimated that the renminbi in overseas market may have exceeded 1.5 trillion yuan.

According to BOC statistics, dollar activity in the fourth quarter last year increased by 2 percent from the second quarter. Meanwhile, euro, pound and yen activity decreased.

In comparison, renminbi activity increased by 23 percent during the same period. "Although renminbi is becoming more active overseas, we still have a long way to go to internationalize the currency," Chen said.

Chen sees another record rise in the currency's profile due this year, saying BOC's clients have reported higher confidence in yuan-dominated settlement.

In a survey among 3,000 global companies in 2013 by BOC, more than 70 percent said they believe the renminbi would become a major international currency.

Among overseas companies surveyed, 61 percent said they would begin using renminbi or increase its proportion for settlement, while 79 percent said the reason they were going to use renminbi more frequently was because of deeper economic association with China's mainland.

BOC continues to take the lead in yuan-dominated settlement. In 2013, BOC's cross-border renminbi-dominated settlement exceeded 3.98 trillion yuan, rising by 60 percent year-on-year. Its domestic settlement was 1.77 trillion yuan, taking up one-third of the market, much greater than other commercial banks.

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 亚洲午夜综合网 | 国产成人午夜福在线观看 | 午夜国产精品久久久久 | 自拍小视频在线观看 | 男人都懂的网址在线看片 | 欧美日韩亚洲第一页 | 久久99国产精一区二区三区 | 日本aaaaa级毛片 | 日本国产最新一区二区三区 | 免费视频男女 | 久久久久久日本一区99 | 一二三区视频 | 欧美午夜视频在线 | 手机看片日韩国产一区二区 | a级毛片免费全部播放 | 日韩精品午夜视频一区二区三区 | 欧美成人性动漫在线观看 | 毛片大片 | 国产成人免费在线观看 | 一本色道久久88综合亚洲精品高清 | 久久亚洲高清观看 | 国产不卡一区二区三区免费视 | 特黄a大片免费视频 | 欧美一级毛片高清毛片 | 久草视频网 | 第一色区 | 99久久精品免费看国产一区二区三区 | 最新亚洲情黄在线网站无广告 | 精品在线视频播放 | 毛片三级 | 欧美国产成人在线 | 欧美成人一级毛片 | 久久免费在线视频 | 欧美一级黄 | 欧美一级特黄高清免费 | 91日本在线视频 | 亚洲自拍成人 | 91精品一区二区三区在线播放 | 久久国产精品免费观看 | 中文在线日韩 | 一级特级欧美a毛片免费 |