日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Macro

Currency's global role takes huge step closer

By Zhang Yuwei in New York | China Daily | Updated: 2013-02-25 07:04

Major US exchange to deliver yuan offshore contracts in HK

The internationalization process of the yuan has been given a major boost by the Chicago Mercantile Exchange.

On Monday, the owner of the world's biggest futures exchange will launch deliverable offshore yuan futures in Hong Kong by offering three-year contracts worth either $100,000 or $10,000. These are price ranges that will attract both hedge funds, retail traders and a generally more diversified client base, analysts believe.

KC Lam, the Singapore-based head of foreign-exchange products in Asia for the CME Group, said China's economic status - as the world's second-largest economy, the largest exporter and second-biggest importer - will lead to a growing global demand for its currency.

"Our decision to launch the USD/CNH (renminbi traded offshore) foreign exchange futures contracts is primarily commercially driven," Lam said.

The yuan has been used for business transactions in multiple offshore locations including Hong Kong, Singapore, and Australia. "Hong Kong is the choice for the offshore RMB launch due to its thriving commercialism and it is the doorstep of China," Lam said.

To move to the next stage of yuan internationalization, trading in the currency needs to become global and accessible to a diversified client base, "across hedge funds, proprietary trading firms, banks, as well as corporate and retail accounts," Lam said.

Bank of China - a key Chinese player in terms of promoting global business in yuan - formed a strategic alliance with the CME Group in March.

Related:

Currency expands its reach

Yuan business launched in Taiwan

BOC's Taipei branch to conduct yuan business

Yuan sees more international use in Nov

The steady advance of the yuan

Yuan loans from HK could hit 50b

Full convertibility of yuan ruled out

Previous Page 1 2 Next Page

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 国产乱仑 | 91精品一区二区三区久久久久久 | 99久久精品免费观看国产 | 电视剧全部免费观看 | 欧美黑b| 久久免费播放视频 | 一级毛片 在线播放 | 日本黄色福利视频 | jdav视频在线观看免费 | 免费污的网站 | 青娱乐在线免费观看视频 | 国产精品成人一区二区 | 超碰97最新 | 91嫩草国产线免费观看 | 成人福利小视频 | 天天碰夜夜操 | 亚洲网站在线观看 | 人人爱人人草 | 亚洲精品久久婷婷丁香51 | 四虎影视在线看免费 720p | av在线大全 | 亚洲aⅴ天堂 | 一级爱一级做a性视频 | 久久夜夜操妹子 | 中文字幕一区二区三区四区不卡 | 国产乱色精品成人免费视频 | 91青青操| 久久精品a | 国产精品1区2区3区 国产成人aaa在线视频免费观看 | 冰封侠:时空行者 | 精品国精品国产自在久国产应用 | 久久久蜜桃| 色噜噜狠狠大色综合 | 亚洲 精品 综合 精品 自拍 | 一区影院| 日本一区二区三区四区在线观看 | 2022国产成人福利精品视频 | 亚洲 无码 自拍 欧美 小说 | www.99b | 亚洲综合一二三区 | 一级一级毛片免费看 |