国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

HK benefits from rising yuan

(Shanghai Daily)
Updated: 2006-11-30 16:43

Hong Kong doesn't need to let its currency catch up to the rising yuan because the differential will benefit the city by stoking Chinese mainland demand for its tourism and financial services, economists said yesterday.

"A wealthy China with a stronger exchange rate is likely to lead to more mainland buying interest," Dong Tao, a senior economist at Credit Suisse, said in a report.

"Hong Kong's challenge is not competing against the mainland but tapping its rapidly rising demand and bright prospects."

The People's Bank of China last July allowed the yuan to rise against the United States dollar by re-pegging it to a basket of currencies such as the yen and euro. It has since gained 5 percent in value against the U.S. dollar.

In contrast, Hong Kong continues to link its currency to the U.S. dollar.

The yuan closed yesterday at 1.00711 against the Hong Kong dollar on the interbank market, compared with a reference rate of 1.00823 set by the central bank before the session started.

It also finished at a record high of 7.8313 versus the U.S. dollar.

"We firmly believe that the Hong Kong dollar will stay pegged to the U.S. dollar while the yuan should continue to appreciate," Tao said. "De-pegging would do little good to Hong Kong," which has lower operating costs than New York and London.
12  

(For more biz stories, please visit Industry Updates)



龙门县| 民乐县| 新丰县| 临颍县| 五莲县| 资讯 | 武鸣县| 茶陵县| 武强县| 梁河县| 石城县| 怀柔区| 大城县| 建德市| 南充市| 抚宁县| 明光市| 宁津县| 金堂县| 科尔| 阿拉善左旗| 大石桥市| 井冈山市| 旺苍县| 岳阳县| 吴堡县| 甘南县| 苏州市| 杭锦后旗| 凌云县| 阳山县| 汶川县| 汕尾市| 上林县| 安陆市| 阿坝县| 巴塘县| 霞浦县| 新民市| 宁晋县| 报价|