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

USEUROPEAFRICAASIA 中文雙語Fran?ais
Home / World

New Yuan FDI scheme unveiled

By Li Xiang | China Daily | Updated: 2011-10-15 07:23

 New Yuan FDI scheme unveiled

China has formally launched a pilot program that allows foreign enterprises to use the yuan to invest in the country. Meng Zhongde / for China Daily

Analyst say program will broaden channels for the currency overseas

BEIJING - China on Friday formally launched a pilot program that allows foreign enterprises to use the yuan to invest in the country, as part of its efforts to raise the global profile of the currency.

The People's Bank of China, the central bank, issued the rules on foreign direct investment (FDI) in yuan in a statement, saying that institutional and individual investors from overseas will be able to apply for permits to make direct investment in China with the settlement in yuan.

The Ministry of Commerce also unveiled detailed definitions and application procedures for the process, explaining that applications for yuan FDI worth 300 million yuan ($47 million) or higher must be submitted to the Ministry.

The move was seen as a major step in China's ambitions to internationalize the yuan after Vice-Premier Li Keqiang pledged in August to support Hong Kong as a key offshore yuan hub and to encourage overseas companies to make direct investment in the mainland with the currency.

Analysts said that the program will substantially broaden channels for the yuan in the overseas market and increase the investment options for yuan-denominated funds in Hong Kong.

"It will also help reduce the accumulation of foreign-exchange reserves that flow in with foreign investors," said Zhao Qingming, a researcher at China Construction Bank Corp.

Zhao noted that the initial scale of investment could be limited because of the relatively high cost of raising capital for yuan in the offshore markets, and certain restrictions on foreign investors.

The scheme will also help encourage foreign companies to issue yuan-denominated bonds in Hong Kong, analysts said.

"The program will promote the development of the yuan-denominated bond market in Hong Kong and boost the city's role as a center for the offshore yuan market," said Norman Chan, executive director of the Hong Kong Monetary Authority.

China launched the pilot program for trade settlement in yuan in 2009, expanding it to 20 provinces a year later in order to push for greater use of the currency globally.

Trade settled in the currency reached 506.3 billion yuan in 2010, accounting for 5.7 percent of China's total foreign trade, according to the central bank.

HSBC Holdings PLC forecast in a report that more than half of China's trade, or about $2 trillion, will be settled in yuan by 2012.

China Daily

(China Daily 10/15/2011 page10)

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 一级欧美过瘾大片 | 美女张开腿让男人桶下面 | 在线看国产视频 | 一级特黄爽大片刺激 | 日韩精品一区二区三区毛片 | 男女国产 | 亚洲人成在线观看 | 99热久久精品国产 | 九九99九九视频在线观看 | 欧美高清一级啪啪毛片 | 国产精品色午夜视频免费看 | 亚洲欧美日韩国产制服另类 | 成人欧美精品久久久久影院 | 国产激情一区二区三区 | 亚洲高清不卡 | japanesehd国产在线无毒不卡 | 久久成人在线 | 91福利国产在线观看香蕉 | 成人免费福利网站在线看 | 国产精品一区亚洲一区天堂 | 成人国产精品视频 | 99国产精品久久久久久久成人热 | 黄色三级三级三级免费看 | 国产成人盗摄精品 | 欧美理论在线 | 欧美日韩看看2015永久免费 | 千涩成人网 | 91久久精品 | 日韩18在线观看地址 | 美女张开腿让男人桶爽免费网站 | 欧美日韩顶级毛片www免费看 | 国产精品亚洲欧美 | 国产真实乱子伦精品 | 国产精品黄页在线播放免费 | 欧美国产伦久久久久 | 色偷偷亚洲第一成人综合网址 | 成人合成mv福利视频网站 | 中文字幕一级 | 狠狠久久综合 | xxxwww黄色| 日韩欧美一区二区在线 |