Cross-border RMB use to further expand

Updated: 2012-03-01 10:53

(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 renminbi, flows to control risks in the currency's cross-border settlement, the PBOC said.

Meanwhile, the central bank will step up reform of the renminbi 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) 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 renminbi obtained overseas. In 2011, it gave the green light to investing overseas renminbi 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 renminbi 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.

主站蜘蛛池模板: 污视频免费网站| 亚洲天堂2016| 扒开粉嫩的小缝喷出水视频| 亚州**色毛片免费观看| 永久黄色免费网站| 免费日本三级电影| 色噜噜狠狠狠综合曰曰曰| 国产日产欧洲无码视频| 456亚洲视频| 大伊香蕉在线观看视频wap| 一级黄色免费网站| 无遮挡h肉动漫网站| 久热免费在线视频| 中文字幕日韩欧美一区二区三区| 欧美xxxx做受欧美| 亚洲欧美日韩中文无线码| 狼群影院www| 免费看国产精品麻豆| 精品美女在线观看| 国产AV一区二区三区传媒| 香蕉免费看一区二区三区| 国产极品美女视频| 手机看片福利久久| 国产精品综合一区二区| 99久久国产综合精品成人影院| 奇米影视7777狠狠狠狠色| 一级一毛片a级毛片| 成人午夜精品无码区久久| 中文字幕永久更新| 无翼乌日本漫画| 久久久久亚洲AV成人片| 日本护士激情xxxx| 久久精品久久精品| 日韩视频一区二区三区| 亚洲a∨无码男人的天堂| 欧美午夜伦y4480私人影院| 亚洲成年人电影网站| 欧美精品99久久久久久人| 亚洲精品aaa| 欧美综合成人网| 亚洲日韩小电影在线观看|