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

Singapore retains top yuan offshore clearing center outside HK

(Xinhua) Updated: 2014-04-29 10:48

SINGAPORE - Singapore remained its position as the top?yuan offshore clearing center outside Chinese mainland and Hong Kong SAR in March, overtaking London for two straight months, the latest SWIFT data showed Monday.

The value of Singapore's?yuan payments rose by 375 percent on year in March, the global transaction services organization said. The city-state's weight represented 6.8 percent of the overall yuan payments value, ahead of London with its weight of 5.9 percent.

Hong Kong SAR continues to be the top yuan offshore clearing center. The amount of offshore yuan cleared through Hong Kong was 72.4 percent of the global volume in March.

"London overtook Singapore in June 2012, but since February 2014, it has slipped behind Singapore despite a good growth rate of 203 percent year-over-year from 2013," the SWIFT added.

Claus Kwon, head of Securities Markets at SWIFT Asia Pacific, said in a statement that the organization has been expecting "the Singapore?yuan payments flows to accelerate, especially as Chinese companies use it as a hub to reach ASEAN countries" since Singapore branch of Industrial and Commercial Bank of China (ICBC) was appointed as a clearing bank in the lion city.

He also expected Singapore to develop a broader range of yuan investment offerings, particularly in capital markets and asset management.

ICBC Singapore was designated a yuan clearing bank in Singapore in February last year and started offering yuan clearing bank services for other participating banks in last May.

The clearing bank carried out 6.9 trillion yuan ($1.1 trillion) clearing bank services in the first quarter this year, which was 2.7 times the total amount cleared last year.

Leong Sing Chiong, assistant managing director of the Monetary Authority of Singapore, the central bank, also revealed last month that the Renminbi deposits in Singapore stood at 200 billion yuan ($32.0 billion) at the end of last year, up 70 percent over March last year.

Meanwhile, since the launch of the yuan market in Singapore, there were some "Lion City" bonds issued here. In last November, ICBC Singapore sold 2 billion yuan ($320 million) " Lion City" bond. In February, the Singapore branch of the Bank of China issued 3 billion yuan ($480 million) "Lion City" bond.

SWIFT added in its latest report that at a global level, Yuan payments grew by 29 percent month-on-month in March, and was the seventh most popular global payments currency, accounting for 1.62 percent of all payments activity, up from 1.42 percent in February.

Australia to offer further renminbi products

Renminbi may become global reserve currency

HK to offer renminbi services to foreign banks

PBOC launches cross-border renminbi services

Hot Topics

Editor's Picks
...
...
宜君县| 大连市| 陆河县| 平度市| 杨浦区| 日土县| 信丰县| 区。| 宣恩县| 陵川县| 苍梧县| 兴和县| 揭西县| 高邑县| 南召县| 云林县| 上犹县| 南溪县| 手游| 百色市| 三都| 上虞市| 远安县| 于田县| 扎鲁特旗| 清新县| 八宿县| 宝坻区| 梅河口市| 新乡市| 会泽县| 广宗县| 乾安县| 平和县| 井冈山市| 石门县| 长宁县| 湄潭县| 宁南县| 达孜县| 九龙县|