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

US EUROPE AFRICA ASIA 中文
Business / Economy

ICBC becomes renminbi clearing bank in Luxembourg

By Cecily Liu (chinadaily.com.cn) Updated: 2014-09-16 20:13

ICBC Luxembourg Branch has been appointed as a renminbi clearing bank in Luxembourg on Tuesday, marking an important milestone in the Grand Duchy's race to become a leading renminbi center in Europe.

The news follows the signing in June of a Memorandum of Understanding between the People's Bank of China and Luxembourg's Central Bank to set up a clearing bank in Luxembourg.

"It's fantastic news, and confirms the Chinese authority's recognition for Luxembourg's role as one of the major renminbi hubs in Europe," said. Nicolas Mackel, chief executive of Luxembourg for Finance, an agency that works for the development of the financial sector in Luxembourg.

"A clearing bank is the guarantee for renminbi liquidity. Any investor who buys renminbi denominated bond, or any trade that needs settlement, can have the guarantee for liquidity in renminbi, so the announcement is not purely symbolic," Mackel said.

An official clearing bank facilitates the efficient clearing of offshore renminbi transactions, achieved through the appointed bank's direct cooperation with the People's Bank of China, China's central bank.

As a demonstration of different European financial centers' competition to become renminbi centers, Bank of China has just been appointed the renminbi clearing bank in Paris. Renminbi clearing banks have also been appointed in London and Frankfurt earlier this year.

Mackel said he believes there is more cooperation between different European financial centers than competition, because these centers all specialize in different financial products or expertise, and together they can build up renminbi activities in Europe.

Mackel said that Luxembourg's concentration of Chinese banks have lead to a large accumulation of renminbi deposits and loans. The large number of renminbi bonds listed on its stock exchange and the great volume of renminbi assets under management in Luxembourg all give Luxembourg an advantage in being a renminbi hub.

Luxembourg has the largest pool of renminbi in the Eurozone with 79.4 billion yuan in deposits and 73.0 billion yuan in loans until the end of the first quarter of 2014. It is also the largest renminbi securities settlement centre and the leading listing place for renminbi denominated bonds in Europe.

The funds investing in renminbi denominated assets domiciled in Luxembourg have managed assets over 261.8 billion yuan. Luxembourg is home to Clearstream, the principal European supplier of post-trading services, through which renminbi bonds with a volume of currently 408 billion yuan in the first quarter of 2014 are cleared and financed.

ICBC first had a presence in Luxembourg in 1998 as a representative office, which was quickly upgraded to a branch in 1999. In 2006, ICBC established a subsidiary in Luxembourg in order to prepare for the bank's expansion to other European countries using the EU's Single Passport policy.

"Luxembourg is an important financial center in Europe, with efficient regulations, obvious geographical advantage and a government that readily welcomes foreign investment into the country," says Gao Ming, chairwoman of ICBC Europe said to China Daily in a previous interview.

Hot Topics

Editor's Picks
...
...
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

    免费成人美女在线观看.| 国产在线观看一区二区| 欧美日韩在线不卡| 日韩精品三区四区| 精品国产3级a| 99久久精品一区| 亚洲成人av福利| 日韩久久久久久| 国产成人精品www牛牛影视| 最新国产精品久久精品| 在线观看欧美精品| 美女脱光内衣内裤视频久久网站| 精品福利一二区| 成人av资源在线| 亚洲一区中文日韩| 国产精品家庭影院| 国内不卡的二区三区中文字幕 | 国产a视频精品免费观看| 综合激情成人伊人| 69久久夜色精品国产69蝌蚪网| 九色综合狠狠综合久久| 国产精品久久久久aaaa樱花| 欧美欧美午夜aⅴ在线观看| 精品一区二区综合| 中文字幕人成不卡一区| 这里只有精品电影| 成人动漫在线一区| 五月天亚洲婷婷| 国产三级精品视频| 欧美亚洲综合色| 国产一区二区在线观看视频| 悠悠色在线精品| ww亚洲ww在线观看国产| 色婷婷亚洲婷婷| 极品瑜伽女神91| 亚洲永久精品国产| 久久久午夜精品理论片中文字幕| 在线日韩国产精品| 国产一区二区三区美女| 亚洲成人黄色小说| 国产精品久线观看视频| 538在线一区二区精品国产| 成人av中文字幕| 蜜桃久久精品一区二区| 亚洲日本一区二区| 26uuu色噜噜精品一区二区| 欧美丝袜丝nylons| 波多野结衣在线一区| 免费观看在线色综合| 国产精品久久久久一区| 日韩欧美的一区二区| 欧美在线不卡一区| 国产91精品一区二区麻豆网站| 首页综合国产亚洲丝袜| 亚洲图片激情小说| 久久这里只有精品6| 在线亚洲+欧美+日本专区| 国产成人在线电影| 麻豆一区二区99久久久久| 一区二区在线观看av| 国产欧美日韩激情| 日韩三级.com| 欧美视频在线一区二区三区| 99久久精品国产导航| 国产精品456露脸| 男女性色大片免费观看一区二区 | 国产精品996| 免费人成在线不卡| 亚洲第一激情av| 综合久久综合久久| 国产人久久人人人人爽| 日韩精品一区二区三区视频播放| 色婷婷av一区二区三区之一色屋| 成人免费视频视频| 国产精品影视网| 久久99国产精品久久99| 丝袜亚洲另类丝袜在线| 一区二区三区欧美激情| 亚洲人亚洲人成电影网站色| 国产视频一区二区三区在线观看| 日韩欧美一级在线播放| 欧美日韩高清一区| 一本久久精品一区二区| 成人自拍视频在线观看| 国产福利电影一区二区三区| 精品影视av免费| 久久精品国产亚洲5555| 免费成人在线播放| 秋霞午夜鲁丝一区二区老狼| 日韩精品一二三| 亚洲mv大片欧洲mv大片精品| 亚洲一区自拍偷拍| 亚洲国产精品久久人人爱蜜臀| 亚洲人精品午夜| 亚洲欧美日韩国产综合| 亚洲天堂福利av| 亚洲欧洲av另类| 亚洲视频中文字幕| 亚洲人精品午夜| 亚洲老司机在线| 一区二区三区四区蜜桃| 亚洲最色的网站| 亚洲一线二线三线视频| 亚洲成a人在线观看| 亚洲午夜一区二区| 性久久久久久久| 日产国产欧美视频一区精品| 秋霞影院一区二区| 精品午夜一区二区三区在线观看| 久久成人麻豆午夜电影| 精品一区二区三区影院在线午夜| 精品在线播放午夜| 91精品欧美福利在线观看| 欧美另类z0zxhd电影| 欧美精品丝袜中出| 日韩欧美成人午夜| 欧美精品一区二区三区很污很色的| 欧美精品一区二区在线观看| 久久精品亚洲麻豆av一区二区| 国产欧美一区视频| 国产精品电影院| 一区二区三区日韩精品| 日韩中文欧美在线| 精品一区二区在线免费观看| 国产成人午夜99999| 99免费精品在线观看| 欧美专区日韩专区| 91精品国产综合久久久久久久久久 | 亚洲国产中文字幕| 蜜臀av一区二区在线免费观看| 久久 天天综合| 成人一级视频在线观看| 色狠狠av一区二区三区| 在线不卡的av| 久久久www成人免费无遮挡大片| 欧美国产综合色视频| 一区二区三区在线免费播放| 日本va欧美va精品| 国产91露脸合集magnet| 91行情网站电视在线观看高清版| 正在播放一区二区| 国产欧美一区二区三区鸳鸯浴 | 久久国产福利国产秒拍| 豆国产96在线|亚洲| 91福利在线播放| 精品少妇一区二区| 国产精品不卡一区二区三区| 亚洲国产wwwccc36天堂| 国内精品伊人久久久久av一坑 | 国产拍欧美日韩视频二区| 亚洲精品高清在线| 免费亚洲电影在线| 99久久99久久综合| 欧美一级专区免费大片| 国产精品日日摸夜夜摸av| 亚洲.国产.中文慕字在线| 国产美女一区二区三区| 色一情一伦一子一伦一区| 欧美一级夜夜爽| 亚洲婷婷综合色高清在线| 免费看黄色91| 色综合中文综合网| 亚洲欧洲成人av每日更新| 香蕉影视欧美成人| 国产999精品久久久久久绿帽| 欧美三级欧美一级| 国产日韩欧美综合一区| 亚洲国产欧美在线| 风间由美一区二区av101| 欧美日韩大陆在线| 日本一区二区动态图| 日韩影视精彩在线| 97精品久久久久中文字幕| 欧美成人猛片aaaaaaa| 一区二区三区在线视频观看58| 国产综合色产在线精品| 欧美日韩视频专区在线播放| 国产精品日日摸夜夜摸av| 麻豆国产精品官网| 欧美无砖专区一中文字| 国产精品色在线| 激情图区综合网| 欧美日韩一级片在线观看| 国产精品你懂的在线欣赏| 欧美aaa在线| 欧美图区在线视频| 中文字幕亚洲电影| 国产一区美女在线| 欧美放荡的少妇| 艳妇臀荡乳欲伦亚洲一区| 成人黄色777网| 久久夜色精品一区| 日本女人一区二区三区| 91精品办公室少妇高潮对白| 国产精品午夜免费| 国产自产v一区二区三区c| 欧美日韩国产成人在线91 | 亚洲特黄一级片| 国产白丝网站精品污在线入口| 欧美一区二区三区免费视频|