www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

New Yuan FDI scheme unveiled

Updated: 2011-10-15 07:23

By Li Xiang (China Daily)

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

New Yuan FDI scheme unveiled

China has formally launched a pilot program that allows foreign enterprises to use the yuan to invest in the country. [Photo/China Daily]

Analyst say program will broaden channels for the currency overseas

BEIJING - China on Friday formally launched a pilot program that allows foreign enterprises to use the yuan to invest in the country, as part of its efforts to raise the global profile of the currency.

The People's Bank of China, the central bank, issued the rules on foreign direct investment (FDI) in yuan in a statement, saying that institutional and individual investors from overseas will be able to apply for permits to make direct investment in China with the settlement in yuan.

The Ministry of Commerce also unveiled detailed definitions and application procedures for the process, explaining that applications for yuan FDI worth 300 million yuan ($47 million) or higher must be submitted to the Ministry.

The move was seen as a major step in China's ambitions to internationalize the yuan after Vice-Premier Li Keqiang pledged in August to support Hong Kong as a key offshore yuan hub and to encourage overseas companies to make direct investment in the mainland with the currency.

Analysts said that the program will substantially broaden channels for the yuan in the overseas market and increase the investment options for yuan-denominated funds in Hong Kong.

"It will also help reduce the accumulation of foreign-exchange reserves that flow in with foreign investors," said Zhao Qingming, a researcher at China Construction Bank Corp.

Zhao noted that the initial scale of investment could be limited because of the relatively high cost of raising capital for yuan in the offshore markets, and certain restrictions on foreign investors.

The scheme will also help encourage foreign companies to issue yuan-denominated bonds in Hong Kong, analysts said.

"The program will promote the development of the yuan-denominated bond market in Hong Kong and boost the city's role as a center for the offshore yuan market," said Norman Chan, executive director of the Hong Kong Monetary Authority.

China launched the pilot program for trade settlement in yuan in 2009, expanding it to 20 provinces a year later in order to push for greater use of the currency globally.

Trade settled in the currency reached 506.3 billion yuan in 2010, accounting for 5.7 percent of China's total foreign trade, according to the central bank.

HSBC Holdings PLC forecast in a report that more than half of China's trade, or about $2 trillion, will be settled in yuan by 2012.

主站蜘蛛池模板: 亚洲精品一区二区三区在线看 | 国产成人精品男人的天堂网站 | 97视频在线播放 | 国产素人在线观看 | 欧美男人操女人 | 欧美一级va在线视频免费播放 | 亚洲精品一区二区三区四 | 国产呦精品系列在线 | 视频一区中文字幕 | 欧美一级片网 | 欧美成人精品不卡视频在线观看 | 99精品一区二区三区 | 国产在线播放一区二区 | 一本色道久久88亚洲综合 | 真实的国产乱xxxx | 免费亚洲黄色 | 一区二区三区在线 | 成人国产一区二区三区 | 女人被男人躁得好爽免费视频免费 | 日韩国产精品99久久久久久 | 日韩精品欧美国产精品亚 | 一级毛片真人免费播放视频 | 亚洲精品久久一区影院 | 在线精品国产成人综合第一页 | 韩国美女爽快一毛片免费 | 国产精品久久久久久久久免费观看 | 欧美高清videossex19 | 成人性色生活片全黄 | 中国性猛交xxxxx免费看 | 久久精品视频大全 | 日韩在线不卡一区在线观看 | 大陆精品自在线拍国语 | 午夜三级网站 | 成人久久久观看免费毛片 | 国产亚洲精品久久精品6 | 欧美视频在线观看一区二区 | 国产一级aaa全黄毛片 | 久久精品视频一区 | 毛片美国 | 最新国产区 | 久久亚洲精品永久网站 |