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

Chinese banks ink yuan deals with ROK

Updated: 2014-07-05 06:56

By Cai Xiao (China Daily)

Comments Print Mail Large Medium Small

Countries agree to trade currencies and boost RMB trading on Korea Exchange
 
 

 Chinese banks ink yuan deals with ROK

President Xi Jinping (left) and his Republic of Korea host, President Park Geun-hye, meet journalists after talks in Seoul on Thursday. Yao Dawei / Xinhua

Bank of Communications, China's fifth-biggest lender, was appointed as the yuan clearing bank in South Korea, China's central bank said on Friday.

Meanwhile, Bank of China and the Korea Exchange, South Korea's main bourse operator, inked a memorandum of understanding in central Seoul to cooperate in expanding the offshore yuan market.

Under the terms of the deal, the two sides will work together in listing yuan-denominated financial products on the Korea Exchange while jointly developing new financial products in the Chinese currency.

Leaders of the two countries agreed on Thursday to directly trade their currencies to further boost yuan trading in South Korea. An 80-billion-yuan ($12.9 billion) quota under China's Qualified Foreign Institutional Investor system also was granted to South Korea.

Chinese banks ink yuan deals with ROK

South Korea's ability to buy securities in China will be a good way to use its yuan deposits but will have only a small influence on China's stock market in the short and medium terms, experts said.

The quota under the Renminbi Qualified Foreign Institutional Investor program was announced in a statement by the Bank of Korea and South Korea's finance ministry on Thursday during President Xi Jinping's visit to Seoul.

"The quota is good for South Korea to use its large yuan deposit," said Hong Hao, a managing director and chief strategist at BOCOM International Holdings, an investment banking and securities company.

South Korean residents' yuan deposits jumped 70 percent to the equivalent of $11.33 billion in the first five months of 2014, Bank of Korea data showed.

Hong said RQFII quotas for other countries have not been used up, mainly because global investors have felt uncertain about the Chinese stock market as China's economy weakened.

The RQFII quota awarded on Thursday was the same one China gave to London and Paris, and compares with the 50-billion-yuan quota for Singapore and the 270-billion-yuan quota for Hong Kong.

By the end of June, 71 institutions received RQFII quotas totaling 250.3 billion yuan, according to data from the State Administration of Foreign Exchange.

caixiao@chinadaily.com.cn

Previous Page 1 2 3 4 Next Page

8.03K
...
主站蜘蛛池模板: 国产成人高清视频在线观看免费97 | 久久免费精品视频在线观看 | 久久思思爱 | 一级毛片在线免费看 | 亚洲天堂伊人 | 97dyy影院理论片 | 男人都懂的网址在线看片 | 在线免费观看国产视频 | 视频一区二区在线 | 精品午夜国产在线观看不卡 | 在线综合+亚洲+欧美中文字幕 | 成年人午夜免费视频 | 欧美精品成人久久网站 | 黄色美女网站视频 | 国产片一级aaa毛片视频 | 一级做性色a爱片久久片 | 手机看片国产免费久久网 | 成人免费网站在线观看 | 在线看国产视频 | 久草在线在线观看 | 国产欧美一区二区三区沐欲 | 久久aa毛片免费播放嗯啊 | 国产欧美一区二区三区免费 | 欧美毛片大全 | 亚洲欧美一区二区久久香蕉 | 国产精品手机在线播放 | 97影院理伦在线观看 | 亚洲视频高清 | 美女全黄视频 | 久久久久久免费精品视频 | 欧美国一级毛片片aa | 久久99热成人精品国产 | 国产女王丨vk | 国产网站免费在线观看 | 亚洲视频网站在线观看 | 18免费视频| 麻豆69堂免费视频 | 国产成人微拍精品 | 亚洲精品在线播放 | 顶级毛片在线手机免费看 | 欧美一区三区 |