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

Economy

China to allow sales of yuan products in HK soon: rpt

(Agencies)
Updated: 2010-07-13 14:13
Large Medium Small

China to allow sales of yuan products in HK soon: rpt

HONG KONG - China will allow the sale of yuan-denominated financial products in Hong Kong and lift a cap on the purchase of yuan by corporations in the city to meet growing demand for the Chinese currency, newspapers said on Tuesday.

The Hong Kong Monetary Authority (HKMA) and People's Bank of China will sign an amendment on a yuan clearing agreement on July 19 allowing individuals and companies to transfer yuan in their accounts between banks, facilitating investments in yuan products, Ming Pao Daily reported.

China has used yuan trade settlement as a starting point to gradually internationalise the currency. Its central bank recently said it was extending the yuan trade settlement scheme to 20 provinces, autonomous regions and municipalities in China and all overseas nations and regions.

Related readings:
China to allow sales of yuan products in HK soon: rpt China: Yuan to be kept 'basically stable'
China to allow sales of yuan products in HK soon: rpt China reaffirms yuan stance, loose monetary policy
China to allow sales of yuan products in HK soon: rpt China may allow yuan stock funds in HK
China to allow sales of yuan products in HK soon: rpt Yuan effect 'limited' on stock

Under the amended agreement with Hong Kong, fund managers can sell yuan funds, brokers can trade yuan shares and yuan bonds and insurance companies can provide yuan-denominated products in the city, the newspapers said.

"We are striving to complete an amendment of the agreement within this month," a HKMA spokeswoman said. But she declined to comment on the newspaper reports.

The major breakthrough in the latest agreement will be a lifting of the cap for companies buying yuan in Hong Kong, which will greatly increase the circulation of yuan outside Chinese mainland, Ming Pao said.

But individuals are still subject to the restriction of exchanging no more than 20,000 yuan ($2,949.77) per day, it added.

As a pilot location for the yuan's globalisation, Hong Kong has been allowed to settle cross-border transactions in the yuan since last year. But the business only took off after the HKMA in February announced a range of measures allowing banks to conduct more business in the yuan for corporate clients in Hong Kong and permitted local companies to issue yuan bonds.

Yuan settlements in Hong Kong reached 7.16 billion yuan in May, up from 2.98 billion yuan in April and 2.53 billion yuan in March.

 

汝州市| 衡东县| 德昌县| 铜川市| 马关县| 凌云县| 德保县| 高青县| 兴和县| 宁陕县| 怀化市| 榆树市| 铜川市| 通许县| 搜索| 鲁甸县| 汝州市| 洪泽县| 仁布县| 靖安县| 靖州| 垦利县| 宜兰县| 进贤县| 泽普县| 奉化市| 昭觉县| 元氏县| 金溪县| 都匀市| 杭锦后旗| 巫溪县| 徐水县| 九江县| 巴塘县| 阜平县| 安溪县| 东兴市| 麟游县| 游戏| 颍上县|