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

S.Korea, China agree to launch Won-Yuan trading market in Seoul

(Xinhua) Updated: 2014-07-04 09:21

SEOUL - South Korea and China agreed Thursday to launch a market for direct trading between currencies of the two countries, which may open in Seoul this year, to reduce foreign exchange costs and risks for companies and boost bilateral trade and investment, the South Korean presidential office said.

S.Korea, China agree to launch Won-Yuan trading market in Seoul 

Xi hails South Korea's growing international influence

S.Korea, China agree to launch Won-Yuan trading market in Seoul

South Korea eyes China's financial market

The launch was pursued by Seoul as it will meet national interests of South Korea to diversify settlement currency and respond to the Chinese currency's internationalization and enhanced stature, the office said in a statement.

Central banks of the two countries signed a memorandum of understanding (MOU) to designate clearing banks, with visiting Chinese President Xi Jinping and his South Korean counterpart Park Geun-hye in attendance.

Xi arrived here Thursday for a two-day state visit, his first trip to the Asian neighbor since he took office. The Chinese president held a summit with Park, his fifth summit meeting with her. Park paid a state visit to China in June last year.

Only Chinese lenders in Seoul will be appointed as clearing banks, capable of settling payments in the yuan within South Korea. It will make daily yuansettlement possible, which has been done mainly in Hong Kong, in the country.

Under the yuan qualified foreign institutional investors ( RQFII), China granted 80 billion yuan (some $13 billion) of quotas to South Korean financial institutions, allowing the institutions to make direct investment in the Chinese domestic financial market with yuan funds earned from the won-yuan direct trading market.

With these agreements, South Korea will establish the market where the yuan can be converted into the won first in Seoul. The two countries agreed to push for the establishment of the won-yuantransaction market in Beijing in a gradual manner according to the South Korean currency's internationalization.

South Korea also agreed to encourage local and foreign firms here to sell the yuan bonds within the country in a bid to boost financial transactions in the Chinese currency.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
青川县| 怀来县| 嘉祥县| 沙雅县| 卓资县| 方正县| 阿鲁科尔沁旗| 左贡县| 育儿| 三河市| 德兴市| 剑川县| 巴塘县| 重庆市| 富顺县| 上蔡县| 汶上县| 通化县| 阜康市| 蕉岭县| 合肥市| 平安县| 齐河县| 静乐县| 香港 | 临邑县| 张家界市| 湘潭市| 金华市| 台北市| 嘉鱼县| 五常市| 延川县| 泰和县| 太原市| 会泽县| 铜鼓县| 宁河县| 无棣县| 嘉黎县| 吴江市|