久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

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

Harder push likely on yuan, says HSBC

By Gao Changxin in Hong Kong | China Daily | Updated: 2013-03-19 05:36

Harder push likely on yuan, says HSBC

A clerk counts banknotes at a rural bank in Ganyu, Lianyungang city in Jiangsu province. A report by HSBC said China is likely to further widen the yuan's daily trading band and change the currency's fixing mechanism against the US dollar this year. [Photo/China Daily]

HSBC Holdings PLC expects China to push harder this year for the yuan's convertibility and trading freedom as part of the nation's goal to make the yuan a global reserve currency.

Qu Hongbin, HSBC's chief China economist, said at a news conference on Monday that the time is right for China to speed up liberalization of its currency, and this is consistent with his earlier prediction that the yuan will be fully convertible in trade and investment by 2015.

"Conditions have never been more favorable for capital account liberalization," said Qu, after publishing a 60-page report on the yuan's internationalization.

In the report, HSBC said Beijing is now "more confident than ever" about hastening liberalization because China's trade imbalance has been corrected and the yuan is much closer to its fair value. The fact that interest rate liberalization and other financial reforms have gained momentum recently also paves the way for a wider capital account opening.

HSBC expects the Chinese central bank to foster more offshore yuan centers this year, after setting up clearing banks earlier this year in Singapore and Taiwan, marking the birth of two new offshore yuan markets. London is likely to be the next place to have a bank that can clear yuan trading.

In the future, countries and regions that have signed currency swaps with China could all be granted yuan-clearing facilities.

So far, China has entered into currency swap agreements with 18 economies totaling 1.6 trillion yuan ($257.3 billion).

The country is also likely to allow individual investors to invest in overseas markets in a plan called QDII2, an extension of the QDII - qualified domestic institutional investor - program, which allows domestic fund managers to invest overseas under a set quota.

Central bank officials started to talk about QDII2 in January, and local media have reported that details of the program could emerge as early as May.

Another major step China is likely to take this year, according to HSBC, is to further widen the yuan's daily trading band. Last year, the yuan's daily trading band against the US dollar was doubled to 1 percent above or below a daily reference exchange rate, up from 0.5 percent.

HSBC made the forecasts after central bank Governor Zhou Xiaochuan stressed last week that a convertible yuan under capital accounts would not only facilitate the currency's global use, but also boost China's market openness and strengthen investor confidence in the yuan. The remarks are widely interpreted as a sign that the central bank will continue its reforms.

But Zhou also warned that opening up the capital account is "complicated" and needs to be done "step by step".

Australia and New Zealand Banking Group Ltd wrote in a report on Monday that a balance must be struck between the pace of capital account liberalization and domestic financial reforms.

"In our view, a better policy option would be to accelerate reforms in domestic financial markets and open China's financial services for foreign participation further, while maintaining a cautious approach to capital account liberalization," the report said.

Last year, the yuan expanded its presence in global trade and investment under government guidance. As of August, more than 10,000 financial institutions had a yuan business, up from 900 in June 2011.

For now, 12 percent of China's total trade is settled in yuan, up from 9 percent a year earlier and 3 percent in 2010.

And in Hong Kong, yuan deposits stood at 603 billion yuan at the end of 2012, accounting for 9 percent of the total deposits in the city's banking system.

gaochangxin@chinadaily.com.cn

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
久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    麻豆精品精品国产自在97香蕉 | 综合久久综合久久| 成人性生交大合| 日韩久久一区二区| 欧美日韩国产在线播放网站| 美女诱惑一区二区| 久久久久久久久久久电影| 成人av动漫网站| 亚洲电影视频在线| 精品女同一区二区| 成人美女视频在线观看18| 亚洲精品中文在线观看| 538在线一区二区精品国产| 国产一区二区视频在线播放| 国产精品对白交换视频| 欧美乱妇23p| 国产91在线观看| 亚洲综合色噜噜狠狠| 欧美一区二区久久| 成人午夜视频在线观看| 亚洲在线成人精品| 久久伊99综合婷婷久久伊| 99热这里都是精品| 日韩和的一区二区| 国产女同性恋一区二区| 欧美三级在线视频| 国产一区二区调教| 亚洲图片欧美综合| 久久亚洲精华国产精华液| 色综合天天综合网国产成人综合天| 91精品国产色综合久久| 国产99精品在线观看| 午夜欧美大尺度福利影院在线看| 久久久91精品国产一区二区精品| 色999日韩国产欧美一区二区| 美女被吸乳得到大胸91| 亚洲日穴在线视频| 精品免费国产二区三区| 色综合久久六月婷婷中文字幕| 久久99久久99| 一区二区三区日韩在线观看| 久久这里只有精品6| 欧美午夜精品久久久久久超碰| 国产一区二区免费在线| 亚洲午夜电影在线观看| 国产精品女主播av| 日韩区在线观看| 91福利精品视频| 国产福利电影一区二区三区| 日韩精品免费视频人成| 亚洲视频一区在线观看| www日韩大片| 91麻豆精品国产91| 91麻豆成人久久精品二区三区| 韩国午夜理伦三级不卡影院| 亚洲五码中文字幕| 18欧美亚洲精品| 久久精品夜夜夜夜久久| 欧美一区二区在线免费播放| 在线一区二区三区四区五区| 粉嫩av亚洲一区二区图片| 麻豆成人免费电影| 亚洲成人www| 亚洲黄一区二区三区| 国产精品视频免费| 久久久无码精品亚洲日韩按摩| 911精品国产一区二区在线| 91农村精品一区二区在线| 国产91对白在线观看九色| 美女精品自拍一二三四| 午夜精品爽啪视频| 亚洲精品国产视频| |精品福利一区二区三区| 久久精品亚洲国产奇米99| 日韩视频一区二区| 欧美精品一二三四| 欧美午夜一区二区三区免费大片| jlzzjlzz亚洲女人18| 大胆欧美人体老妇| 国产一区免费电影| 国内精品国产成人国产三级粉色| 日韩av电影免费观看高清完整版在线观看| 亚洲激情图片qvod| 亚洲另类中文字| 136国产福利精品导航| 国产精品狼人久久影院观看方式| 国产日韩v精品一区二区| 久久综合九色综合欧美就去吻| 欧美电影免费观看高清完整版在线| 欧美日韩国产一二三| 欧美日韩午夜精品| 欧美精品乱码久久久久久按摩| 欧美亚洲尤物久久| 欧美性猛片aaaaaaa做受| 91蝌蚪porny| 一本色道**综合亚洲精品蜜桃冫| 高清久久久久久| 国产69精品久久777的优势| 国产精品乡下勾搭老头1| 久久精品99国产精品日本| 日韩精品免费专区| 男人的天堂亚洲一区| 蜜臀国产一区二区三区在线播放| 日韩av网站在线观看| 蜜桃传媒麻豆第一区在线观看| 日本一区中文字幕| 久久精品国产在热久久| 美女脱光内衣内裤视频久久网站 | 自拍av一区二区三区| 综合色中文字幕| 一区二区三区波多野结衣在线观看| 亚洲制服丝袜一区| 午夜精品在线看| 蜜臀精品一区二区三区在线观看| 久久99精品国产麻豆婷婷| 国产精品伊人色| 成人美女视频在线观看18| 99国产精品久久久久久久久久久| 色综合久久中文字幕综合网| 欧美三级电影在线观看| 欧美一三区三区四区免费在线看 | 久久久午夜精品| 欧美高清在线一区二区| 亚洲天堂中文字幕| 亚洲国产精品久久一线不卡| 人人爽香蕉精品| 国产毛片精品一区| 99精品视频在线免费观看| 欧美综合视频在线观看| 91精品国产免费久久综合| www亚洲一区| 亚洲视频免费观看| 午夜视频在线观看一区二区| 美女精品自拍一二三四| 成人自拍视频在线| 日本二三区不卡| 欧美一级艳片视频免费观看| 久久男人中文字幕资源站| 中文字幕一区二区日韩精品绯色| 一区二区三区欧美亚洲| 免费在线观看视频一区| 国产精品一区2区| 91蜜桃网址入口| 日韩写真欧美这视频| 国产精品三级电影| 亚洲丶国产丶欧美一区二区三区| 毛片一区二区三区| 成人av网址在线观看| 欧美日韩亚州综合| 国产亚洲成年网址在线观看| 夜夜夜精品看看| 国产一区二区美女| 91香蕉视频在线| 日韩午夜三级在线| 国产精品久久久久久久久久久免费看| 亚洲午夜久久久久久久久久久| 精久久久久久久久久久| 91色视频在线| 欧美电影免费观看高清完整版在| 国产精品久久久久一区二区三区共| 亚洲第一激情av| 国产成人av福利| 欧美美女一区二区在线观看| 久久精品亚洲国产奇米99| 亚洲国产美国国产综合一区二区| 国产福利一区二区三区视频 | 日韩欧美一级片| 亚洲三级在线播放| 精品亚洲成av人在线观看| 在线欧美小视频| 国产欧美日韩一区二区三区在线观看| 亚洲午夜久久久久久久久久久| 国产成人h网站| 欧美一二三在线| 亚洲另类在线一区| 国产成人日日夜夜| 91精品国产免费久久综合| 亚洲免费在线视频一区 二区| 久久99国产乱子伦精品免费| 在线亚洲人成电影网站色www| 精品国产91久久久久久久妲己| 夜夜嗨av一区二区三区四季av| 国产东北露脸精品视频| 在线播放/欧美激情| 亚洲精品视频在线观看网站| 国产老女人精品毛片久久| 欧美日本在线播放| 综合久久久久久久| 国产麻豆精品久久一二三| 91精品婷婷国产综合久久性色| 最新中文字幕一区二区三区| 国内一区二区视频| 制服丝袜激情欧洲亚洲| 亚洲乱码国产乱码精品精可以看| 国产不卡视频一区二区三区| 日韩欧美成人一区| 亚洲123区在线观看| 色狠狠桃花综合| 中文字幕亚洲欧美在线不卡| 国产精品自拍在线|