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

US EUROPE AFRICA ASIA 中文
Business / Finance

A record year for foreign renminbi exchange

By Yang Ziman (China Daily) Updated: 2014-02-19 08:52

The Cross-border RMB Index developed by Bank of China Ltd to measure renminbi activity in the global market rose by a record 56 points in the fourth quarter of 2013 year-on-year, BOC reported Tuesday.

The index stood at 228 in December, breaking the threshold of 200 for the first time.

"The growing profile of China's trade in the global market has boosted the growth of renminbi settlement," said BOC President Chen Siqing. "In the fourth quarter last year, renminbi settlement in China's imports and exports increased by 30 percent over the previous quarter, pushing CRI up by 20 points."

A record year for foreign renminbi exchange

Yuan influence on the rise worldwide

A record year for foreign renminbi exchange 

Yuan use rises to 8th position

In 2013, China's merchandise trade exceeded $4 trillion, making it the world's No 1 trading country.

Total cross-border renminbi settlement was 5.16 trillion yuan, up 61 percent year-on-year. Under the current account, the proportion of yuan-dominated merchandise trade went from 5.5 percent in 2011 to 11.7 percent in 2013. In terms of capital account, renminbi-dominated direct investment increased by 130 percent from the end of 2012.

"The globalization of the renminbi is growing at a remarkable pace," said Chen. "The outflow of the currency has been consistently higher than inflow as the offshore yuan market expands."

In 2013, about 500 billion yuan ($82.4 billion) entered overseas markets through trade or investment. It is estimated that the renminbi in overseas market may have exceeded 1.5 trillion yuan.

According to BOC statistics, dollar activity in the fourth quarter last year increased by 2 percent from the second quarter. Meanwhile, euro, pound and yen activity decreased.

In comparison, renminbi activity increased by 23 percent during the same period. "Although renminbi is becoming more active overseas, we still have a long way to go to internationalize the currency," Chen said.

Chen sees another record rise in the currency's profile due this year, saying BOC's clients have reported higher confidence in yuan-dominated settlement.

In a survey among 3,000 global companies in 2013 by BOC, more than 70 percent said they believe the renminbi would become a major international currency.

Among overseas companies surveyed, 61 percent said they would begin using renminbi or increase its proportion for settlement, while 79 percent said the reason they were going to use renminbi more frequently was because of deeper economic association with China's mainland.

BOC continues to take the lead in yuan-dominated settlement. In 2013, BOC's cross-border renminbi-dominated settlement exceeded 3.98 trillion yuan, rising by 60 percent year-on-year. Its domestic settlement was 1.77 trillion yuan, taking up one-third of the market, much greater than other commercial banks.

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 日日日bbb| 91av大片 | 麻豆免费永久网址入口网址 | 青娱乐极品在线 | 久久久久av | 91精品一区二区三区久久久久久 | 亚洲精品中文字幕 | 亚洲 欧美 日韩 综合aⅴ视频 | 亚洲一区二区三区高清网 | 精品免费福利视频 | 日本高清视频在线播放 | 99精品国产免费久久国语 | 99精品国产免费久久国语 | 日本久久网 | 九九在线精品视频播放 | a级片在线免费播放 | 日本爽爽爽爽爽爽免费 | 亚洲狠狠爱 | 91精品国产综合久久国产大片 | 色综合久久久久久久久五月性色 | 亚洲视频在线播放 | 日本久久视频 | 国产chinese视频在线观看 | 国产不卡免费视频 | 久久久久久久久成人 | 国产免费高清无需播放器 | 精品国产免费久久久久久 | 久久精品伊人 | 亚洲va欧美va天堂v国产综合 | 久久精品国产免费看久久精品 | 精品一区二区三区在线观看l | 三级特黄视频 | 日本亚洲精品色婷婷在线影院 | 香港三级日本三级韩国a | 国产精品久久久久影院色老大 | 日韩成人免费在线视频 | 亚洲人成在线播放网站 | 国产成人高清视频 | av在线在线 | 日韩国产一区二区 | 欧美日韩亚洲视频 |