US EUROPE AFRICA ASIA 中文
    Business / Markets

    Cross-Straits monetary settlement mechanism established

    (Xinhua) Updated: 2013-02-07 10:32

    TAIPEI - Banks from the Chinese mainland and Taiwan on Wednesday launched New Taiwan Dollar and yuan business on both sides, marking the establishment of a cross-Straits monetary settlement mechanism.

    A total of 46 designated foreign exchange banks and financial institutions in Taiwan formally launched their yuan business on Wednesday after signing currency clearing agreements with the Bank of China's Taipei branch.

    People in Taiwan can now open renminbi accounts in those banks, and more products based on renminbi will be provided to their customers, said major lenders in Taiwan.

    These banking institutions have been designated by the mainland's People's Bank of China to carry out yuan business clearing in Taiwan.

    In the meantime, banknotes worth NT$25 million were shipped directly to the Shanghai branch of the Bank of Taiwan on Wednesday.

    The banknotes will become available for over-the-counter exchange after approval is gained from the mainland's foreign exchange authority.

    The two sides signed a memorandum on currency clearing in August last year, paving the way for the clearing mechanism and taking another important step for cross-Straits financial cooperation.

    Previously, banks from both sides had to choose clearing banks in Hong Kong or Macao to carry out currency settlements and liquidations. Lenders could also rely on correspondence banks located elsewhere to provide services for a settlement and clearance of trade and investment across the Straits. This took a longer time and was more troublesome, especially concerning the shipping of banknotes.

    Previous Page 1 2 Next Page

    Hot Topics

    Editor's Picks
    ...
    熟妇人妻无乱码中文字幕真矢织江| 国产高清无码视频| 无码国产亚洲日韩国精品视频一区二区三区 | 国产区精品一区二区不卡中文| 无码午夜成人1000部免费视频 | 亚洲高清有码中文字| 亚洲日韩av无码| 精品久久久久久久中文字幕| 亚洲 无码 在线 专区| 无码精品久久久久久人妻中字| 最近中文字幕精彩视频| 亚洲欧美中文字幕高清在线| 久久久久亚洲AV无码永不| 中文字幕人妻无码系列第三区| 免费中文字幕视频| 久久亚洲精品中文字幕| 中文在线最新版天堂bt| AV大片在线无码永久免费| 无码精品一区二区三区在线| 一本加勒比HEZYO无码资源网| 亚洲欧美日韩另类中文字幕组| 中文精品久久久久人妻不卡 | 亚洲中久无码不卡永久在线观看| 人妻无码一区二区不卡无码av | 日韩人妻无码一区二区三区久久| 无码播放一区二区三区| 最近中文字幕高清字幕在线视频| 日本精品中文字幕| 亚洲精品乱码久久久久久中文字幕 | 高清无码v视频日本www| 暖暖免费中文在线日本| 一二三四在线观看免费中文在线观看| 亚洲一区二区三区在线观看精品中文 | 合区精品久久久中文字幕一区 | 国产在线无码精品电影网| 无码国产精品一区二区免费式影视| 亚洲国产中文字幕在线观看| 人妻无码人妻有码中文字幕| 久久无码AV一区二区三区| 亚洲大尺度无码专区尤物| 人妻无码视频一区二区三区 |