国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Money

China to increases yuan-settlement companies

(Agencies)
Updated: 2010-12-01 12:59
Large Medium Small

China will "soon" increase the number of companies involved in trials for cross-border yuan trade settlement, Bloomberg reported, citing Hong Kong Monetary Authority (HKMA) Chief Executive Norman Chan.

China's central bank will at least double the number of qualified exporting companies, which now stands at 300, Chan said. The HKMA is still in discussions with the People's Bank of China (PBOC) to decide the cross-border yuan trade settlement quota for the city for next year.

Related readings:
China to increases yuan-settlement companies China issues new rules on RMB settlement accounts
China to increases yuan-settlement companies BOC's yuan cross-border settlements exceeds 80b yuan
China to increases yuan-settlement companies Cross-border yuan trade to boost liquidity
China to increases yuan-settlement companies 
Pilot RMB settlement kicks off

An 8 billion yuan ($1.2 billion) quota was assigned this year to Bank of China (Hong Kong) Ltd, the clearing bank for yuan settlement in Hong Kong. The quota, which was only half- used on Sept 30, was depleted in less than a month. As a result, the HKMA on Oct 28 announced it will tap its yuan swap arrangement with PBOC.

"We hope that the quota next year can meet the rising demand in cross-border trade settlement, while ensuring risks are in a controlled manner," said Chan.

He declined to estimate the size of the 2011 quota. He said the scheme was not being misused by financial companies to engage in yuan speculation as reported by the Century Weekly in China on Nov 30.

"We did follow-up investigations and checked that all relevant transactions had real trade backgrounds," said Chan.

Until now, no bank in Hong Kong has approached the monetary authority for yuan funding via the swap agreement, Chan said. The agreement can draw an annual maximum of 200 billion yuan. The HKMA's application to invest in China's interbank bond market is still in progress, Chan said.

杭锦后旗| 淄博市| 娱乐| 阿巴嘎旗| 定兴县| 阳曲县| 迭部县| 清水县| 开阳县| 红安县| 宁化县| 读书| 平凉市| 越西县| 铜鼓县| 原平市| 贵德县| 黄梅县| 鞍山市| 仁怀市| 海安县| 德钦县| 遂川县| 高雄县| 汝南县| 斗六市| 云安县| 阳曲县| 大竹县| 文水县| 渝北区| 北辰区| 固始县| 合作市| 交城县| 黄冈市| 凤翔县| 鄂尔多斯市| 新疆| 镇江市| 三亚市|