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

Business / Markets

PBOC sees growing global role for yuan

By Chen Jia (China Daily) Updated: 2015-06-12 07:15

PBOC sees growing global role for yuan

China will continue to push for the yuan's inclusion in the International Monetary Fund's Special Drawing Rights basket, and encourage foreign central banks to include yuan assets in their forex reserves.[Photo/Agencies]

The People's Bank of China, the central bank, plans to accelerate the launch of its international payment system, with the first phase of the rollout by the end of this year, according to a report on its website.

This system will be located in Shanghai, the central bank's former deputy governor Liu Shiyu said earlier, and will enable foreign banks to be part of the yuan clearing business.

The steps will also accelerate yuan's internationalization by creating a bigger and more diverse group of clearing banks, making the yuan clearing process cheaper, which is very important, said experts.

The central bank will encourage government departments to use the yuan as the main currency in statistics, settlements and in the management of foreign-related economic work.

In the report, the PBOC said China will continue to push for the yuan's inclusion in the International Monetary Fund's Special Drawing Rights basket, and encourage foreign central banks to include yuan assets in their forex reserves.

"We are considering removing the quotas for foreign institutional investors in the interbank bond market," it said.

The central bank also wants foreign institutions to issue yuan-denominated bonds in the onshore market, and expand yuan lending in offshore market.

A research note from Standard Chartered Plc said that the yuan is likely to be "more freely used" by 2018.

"A 60 percent probability of success will be there for the yuan to join the SDR basket as an international foreign reserve," said the Standard Chartered note.

Hot Topics

Editor's Picks
...
泊头市| 彰化市| 开封县| 江阴市| 彰化县| 紫金县| 柳林县| 苍梧县| 海城市| 清涧县| 兰溪市| 荣昌县| 汾西县| 儋州市| 偏关县| 淄博市| 新竹县| 大庆市| 郸城县| 九寨沟县| 抚松县| 祁东县| 定边县| 临漳县| 仙居县| 登封市| 清镇市| 乌兰县| 威宁| 乐安县| 大悟县| 儋州市| 丰都县| 合作市| 白银市| 闻喜县| 安图县| 新巴尔虎右旗| 伊金霍洛旗| 滨海县| 淮北市|