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

 
 
 

當前位置: Language Tips> 新聞播報

London set for a role in yuan transactions

2012-01-17 17:29

 

Get Flash Player

進入英語學習論壇下載音頻

London is set to become a major offshore trading center for the yuan, as Britain teams up with Hong Kong to develop such business.

The Hong Kong Monetary Authority (HKMA) and the UK Treasury on Monday agreed to launch a private-sector forum to strengthen links between Hong Kong and London in such areas as clearing and settlement, market liquidity and the development of new yuan-denominated products, the HKMA said in a news release.

The forum will have representatives from financial institutions in Hong Kong and London, including HSBC Holdings PLC, Standard Chartered PLC, Bank of China Ltd, Deutsche Bank AG and Barclays PLC. It will meet twice a year, and the first meeting will be held in Hong Kong in May, it said.

China and Britain agreed in September to cooperate on the development of the offshore yuan business and develop London into an offshore yuan market.

UK Chancellor of the Exchequer George Osborne said in Hong Kong on Monday that the intention was to "establish London as a new hub" for the yuan.

"It's clear that there is scope for a substantial expansion of the yuan market in the coming years," he told a meeting of Asian finance officials and executives.

He added that London was perfectly placed to be a gateway for Asian investment and banking to Europe and as a bridge to the United States.

Osborne said establishing London as an offshore center for yuan-denominated settlements will benefit China's economic development as well as Britain's.

China's rapid growth had provided opportunities that Europe should seize as it struggled to emerge from the sovereign debt crisis. Britain's merchandise exports to China rose 20 percent in 2010, a measure of the importance of Asia to Britain's long-term economic growth, said Osborne, who is visiting Hong Kong, Beijing and Tokyo to strengthen business ties, especially in financial services, infrastructure and innovation.

The HKMA plans to extend the operating hours of the yuan real-time settlement system to 15 hours by the end of June, to accommodate London and other European markets to settle offshore yuan payments.

China and Britain aim to increase annual bilateral trade to $100 billion from the current level of $50 billion to $60 billion.

Daniel Chan, chief economist at BWC Capital Markets, said "The move is necessary, given China's growing investment in the UK and the wider eurozone, as well as its increasing trade with the region."

Kevin Lai, an analyst, said that internationalization of the yuan will require more than one offshore yuan business center.

"The lack of a natural funding pool could undermine efforts to establish London as a new hub for the offshore yuan business," he said.

Hong Kong's yuan liquidity pool, which grew significantly over the past two years, meant that it was well-placed to help with the development of the offshore yuan market in London, Chan said.

Questions:

1. When did China and Britain agree to cooperate on the development of the offshore yuan trading center?

2. What is the name of the UK Chancellor of the Exchequer?

3. How much do China and London aim to increase annual bilateral trade to?

Answers:

1. September

2. George Osborne

3. $100 billion

(中國日報網英語點津 Rosy 編輯)

London set for a role in yuan transactions

About the broadcaster:

London set for a role in yuan transactions

Emily Cheng is an editor at China Daily. She was born in Sydney, Australia and graduated from the University of Sydney with a degree in Media, English Literature and Politics. She has worked in the media industry since starting university and this is the third time she has settled abroad - she interned with a magazine in Hong Kong 2007 and studied at the University of Leeds in 2009.

 
中國日報網英語點津版權說明:凡注明來源為“中國日報網英語點津:XXX(署名)”的原創(chuàng)作品,除與中國日報網簽署英語點津內容授權協議的網站外,其他任何網站或單位未經允許不得非法盜鏈、轉載和使用,違者必究。如需使用,請與010-84883561聯系;凡本網注明“來源:XXX(非英語點津)”的作品,均轉載自其它媒體,目的在于傳播更多信息,其他媒體如需轉載,請與稿件來源方聯系,如產生任何問題與本網無關;本網所發(fā)布的歌曲、電影片段,版權歸原作者所有,僅供學習與研究,如果侵權,請?zhí)峁┌鏅嘧C明,以便盡快刪除。

中國日報網雙語新聞

掃描左側二維碼

添加Chinadaily_Mobile
你想看的我們這兒都有!

中國日報雙語手機報

點擊左側圖標查看訂閱方式

中國首份雙語手機報
學英語看資訊一個都不能少!

關注和訂閱

本文相關閱讀
人氣排行
搜熱詞
 
 
精華欄目
 

閱讀

詞匯

視聽

翻譯

口語

合作

 

關于我們 | 聯系方式 | 招聘信息

Copyright by chinadaily.com.cn. All rights reserved. None of this material may be used for any commercial or public use. Reproduction in whole or in part without permission is prohibited. 版權聲明:本網站所刊登的中國日報網英語點津內容,版權屬中國日報網所有,未經協議授權,禁止下載使用。 歡迎愿意與本網站合作的單位或個人與我們聯系。

電話:8610-84883645

傳真:8610-84883500

Email: [email protected]

主站蜘蛛池模板: 欧美一区二区三区精品国产 | 欧美性吧| 我要看真正的免费毛片 | 日本精品人妻无码免费大全 | 在线中文天堂 | 免费黄色大片视频 | 欧美另类69xxx | 日韩精品一区二区三区四区视频 | 天天干天天操天天舔 | 一级毛片免费播放视频 | 日韩和的一区二在线 | 亚洲一区视频在线 | a黄在线观看| 黑人精品 | 亚洲免费黄色 | 日韩欧美国产精品第一页不卡 | 三极片免费看 | 亚洲欧美成人中文在线网站 | 日韩经典中文字幕 | 欧美区在线 | 麻豆专区一区二区三区四区五区 | 成年人免费小视频 | 天天爽夜夜爽夜夜爽精品视频 | 日韩中文字幕一区 | 天天拍夜夜添久久精品中文 | 68久久久久欧美精品观看 | 亚洲日本久久久午夜精品 | 美女羞羞视频网站 | 日本美女一区二区三区 | 国产一区二区三区视频 | 亚洲欧美另类视频 | 91精品久久| 亚洲最大成人 | 久草在线新免久费观看视频 | 成在线人视频免费视频 | 黄色网址在线免费播放 | 久久精品人人做人人看最新章 | 青草悠悠视频在线观看 | 亚洲日韩欧美一区二区在线 | 精品久久久久久久人人人人传媒 | 色吊丝欧美 |