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

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Companies

ICBC keen to be yuan clearing bank in London

Agencies | Updated: 2013-03-07 13:33

Industrial and Commercial Bank of China (ICBC), the world's biggest bank by market value, aims to become the clearing bank for offshore yuan business in London, the bank's President Yang Kaisheng said on Wednesday.

"We are striving to be the clearing bank in London, but whether we can succeed will hinge on the decision of regulators and central banks of the both countries," Yang told reporters on the sidelines of China's annual parliament meeting.

"London is a famous international financial center and it intends to become an offshore yuan trading center," he said.

London and other global financial centers like Singapore are seeking to capitalize on the rapid growth of the off-shore yuan bond market, which is dominated by Hong Kong.

The Bank of England said last month it would discuss setting up a reciprocal three-year yuan-sterling swap line with the People's Bank of China to finance bilateral trade and investment.

Britain, always anxious to bolster London's status as Europe's biggest financial center, launched an offshore yuan currency and bond market, and a swap deal would cement its role as the leading center in the Group of Seven industrialized nations for offshore yuan trade.

China's central bank has named ICBC as the clearing bank for offshore yuan business in Singapore and Bank of China as the clearing bank in Hong Kong.

"We (both banks) will cooperate, but there will be some competition," Yang said.

ICBC will see steady profit growth in 2013 as China's economy is likely to grow around 7.5 percent in line with the official target, Yang said without giving specifics.

Most Viewed in 24 Hours
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
于田县| 盖州市| 葫芦岛市| 来安县| 长乐市| 广灵县| 威信县| 当阳市| 昔阳县| 福泉市| 张家港市| 峨边| 洪江市| 凌源市| 峨眉山市| 集安市| 玉溪市| 孝义市| 连平县| 西青区| 无棣县| 山阳县| 奉贤区| 夹江县| 三都| 马鞍山市| 八宿县| 高淳县| 汤阴县| 南木林县| 新绛县| 长垣县| 田林县| 彰化县| 新巴尔虎左旗| 维西| 本溪市| 仙游县| 肥城市| 益阳市| 靖西县|