China to expand cross-border RMB businesses

    Updated: 2012-03-01 02:01

    (Xinhua)

      Comments() Print Mail Large Medium  Small 分享按鈕 0

    BEIJING - China will further boost the use of its currency in cross-border trade and investment settlements in 2012 as it gradually makes the yuan more internationally convertible, the country's central bank said Wednesday.

    The central bank will continue expanding the variety and scope of yuan's cross-border businesses based on serving and bolstering the real economy, the People's Bank of China (PBOC) said in a statement on its website.

    It will also closely monitor and analyze yuan, or RMB, flows to control risks in the currency's cross-border settlement, the PBOC said.

    Meanwhile, the central bank will step up reform of the RMB exchange mechanism and make the yuan convertible under the capital account at a steady pace.

    To reduce reliance on the greenback, China has exerted enormous efforts to make the yuan more international over the past few years.

    It allowed Hong Kong to establish an offshore yuan market and has signed 1.3-trillion-yuan currency swap contracts with 14 countries and regions to allow the currency to circulate outside the mainland.

    Meanwhile, the country introduced a yuan trade settlement scheme in July 2009 in a number of regions and expanded it nationwide in 2011.

    According to earlier data released by the central bank, China's overall cross-border trade settlement in yuan under the current account hit 2.58 trillion yuan (409 billion US dollars) by the end of 2011 since the scheme was launched.

    The trade settlement in yuan last year increased 3.1 times from a year earlier. The settlement in yuan for goods trade accounted for 6.6 percent of the total cargo imports and exports. The portion rose 4.4 percentage points from 2010, the PBOC said in the Wednesday statement.

    China has also approved foreign direct investment in RMB obtained overseas. In 2011, it gave the green light to investing overseas RMB gained by qualified institutional investors in mainland securities markets.

    Last year, the yuan-denominated outbound direct investment totaled 20.15 billion yuan while foreign direct investment settled in RMB on the Chinese mainland topped 90.72 billion yuan. Both saw remarkable growth from a year earlier, the central bank said.

    The PBOC also said in an earlier report that it will explore ways to allow individuals to carry out yuan settlement in cross-border trade.

    However, its Shenzhen branch Wednesday refuted previous media reports that it approved individuals' trade settlement in yuan, saying it had never issued documents relating to the matter.

    日本阿v网站在线观看中文| 免费A级毛片无码A∨| 88国产精品无码一区二区三区 | 色情无码WWW视频无码区小黄鸭| 中文字幕AV中文字无码亚| 国产成人无码久久久精品一| 日韩精品无码视频一区二区蜜桃| 亚洲高清中文字幕免费| 69天堂人成无码麻豆免费视频| 熟妇人妻系列aⅴ无码专区友真希| 亚洲一区无码精品色| 亚洲av无码片vr一区二区三区| 欧美亚洲精品中文字幕乱码免费高清 | 无码国模国产在线无码精品国产自在久国产 | 人妻无码αv中文字幕久久 | 无码人妻久久久一区二区三区| 日韩在线中文字幕制服丝袜| 涩涩色中文综合亚洲| 无码精品人妻一区二区三区影院| 国产在线拍偷自揄拍无码| 午夜福利无码不卡在线观看| 亚洲日韩精品A∨片无码| 麻豆国产精品无码视频| 免费无码又爽又刺激一高潮| 乱人伦中文字幕在线看| 91中文字幕在线观看| 天堂√在线中文最新版| 久久超乳爆乳中文字幕| 暖暖日本免费中文字幕| 中文字幕乱码无码人妻系列蜜桃| 亚洲av无码乱码在线观看野外| 国产精品成人无码久久久久久| 国产乱人无码伦av在线a| 国产Av激情久久无码天堂| 久久久精品无码专区不卡| 国精无码欧精品亚洲一区| 精品视频无码一区二区三区| av无码国产在线看免费网站| 国产精品无码素人福利| 亚洲人成人无码网www国产| 制服丝袜中文字幕在线|