Chinadaily.com.cn
     
    Go Adv Search
    Wen signals way to yuan internationalization

    Wen signals way to yuan internationalization

    Updated: 2012-03-20 07:29

    By Chen Jia (China Daily)

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

    Maintaining steady economic development and further strengthening financial regulations are basic to the internationalization of Chinese currency, and have consolidated the government's stance to speed up relevant reforms, Premier Wen Jiabao told global business leaders at a forum on Monday.

    The government is pushing forward policy innovations and regulations to make the yuan float more freely, and the currency will be freely convertible "at the right time", the premier said to delegates at the China Development Forum 2012.

    "The direction of our economic reform and policies will not change or stop," Wen said, encouraging foreign company executives to strengthen confidence in the country's future.

    China's gigantic global trade volume has driven the government to approve yuan-denominated cross-border settlements on deals. The premier also called for long-term solid trade relationships with foreign partners, which needs help from a more freely convertible yuan.

    The yuan reached 6.31 per US dollar on Monday, the strongest since March 9. But it has weakened 0.4 percent in the past three weeks, according to the China Foreign Exchange Trade System. The yuan has appreciated about 30 percent against the dollar since July 2005.

    "It is a prefect time now to make the yuan exchange rate more flexible and push forward the financial system reforms," Yu Yongding, an economist with the Chinese Academy of Social Sciences, said at the forum.

    International Monetary Fund Managing Director Christine Lagarde said on Sunday that further economic reform could help China's currency to become a global reserve currency.

    In order to boost the internationalization of the currency, China has designated Hong Kong as the offshore center for yuan trading, where companies can directly raise funds in yuan. Singapore and London are also seeking to be yuan trade centers.

    Currently, the People's Bank of China, the central bank, is revising regulations and waiting for the right time to open a capital account system, which is key to freeing up the exchange rate.

    惠民福利中文字幕人妻无码乱精品| 色综合久久最新中文字幕| 中文字幕14页影音先锋| 久久精品亚洲中文字幕无码麻豆| 最近中文字幕高清免费中文字幕mv| 久久精品无码免费不卡| 中文字幕乱妇无码AV在线| 天堂а√中文在线| 综合无码一区二区三区| 国产激情无码一区二区| 精品亚洲成A人无码成A在线观看| 中文字幕Av一区乱码| 日韩精品无码免费视频| 无码国内精品久久人妻蜜桃| 天堂Aⅴ无码一区二区三区| 熟妇人妻无码中文字幕| 亚洲成a人在线看天堂无码| 亚洲AV无码1区2区久久| 日韩人妻无码一区二区三区综合部| 日韩精品中文字幕无码一区| 亚洲Av无码乱码在线znlu| 97免费人妻无码视频| 韩国免费a级作爱片无码| 无码超乳爆乳中文字幕久久| 亚洲AV无码专区国产乱码电影 | 亚洲A∨无码一区二区三区| 开心久久婷婷综合中文字幕| 久久精品天天中文字幕人妻 | 久久无码人妻一区二区三区午夜| 一本加勒比HEZYO无码人妻| 亚洲天堂2017无码中文| 中文字幕日本精品一区二区三区| 亚洲中文字幕丝袜制服一区| 人妻精品久久久久中文字幕 | 亚洲日韩在线中文字幕综合| 日韩区欧美区中文字幕| 无码av人妻一区二区三区四区| 无码人妻精品中文字幕免费东京热| 无码不卡av东京热毛片| 国产综合无码一区二区辣椒| 亚洲人成无码网站|