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

Foreign companies yet to tap full potential of renminbi in trade

By Cecily Liu in London (China Daily) Updated: 2014-07-10 07:16

Foreign companies yet to tap full potential of renminbi in trade

Benefits of transactions in yuan are publicized at an international financial exhibition in Wuhan, Hubei province. HSBC Holdings Plc estimates that about one-third of China's trade will be settled in yuan by 2015. Sun Xinming / For China Daily

Survey finds Chinese currency can be handy for cross-border transactions

Overseas companies are yet to realize the full benefits of using the renminbi as an invoice currency when doing business with China, said a new survey commissioned by global banking and financial services organization HSBC Holdings Plc.

The survey, released on Wednesday, shows that although 59 percent of the respondents plan to increase cross-border activities with the Chinese mainland over the next 12 months, only 22 percent currently settle transactions in yuan.

Foreign companies yet to tap full potential of renminbi in trade
Beijing, Seoul agree to directly trade currencies 
According to HSBC, the figures also highlight the huge growth potential for yuan - denominated trading activities with Chinese companies, as China overtook the United States to become the world's largest trading nation in 2013 with its trade in goods passing $4 trillion. HSBC estimates that about one-third of China's trade will be settled in yuan by 2015.

Mark Emmerson, head of global trade and receivables finance for HSBC in the United Kingdom, says there are many benefits to invoicing imports and exports in yuan for international businesses when trading with China.

Emmerson said most foreign companies move toward the yuan invoicing model at the request of their Chinese partners, who look favorably on overseas partners who use the yuan as it shows commitment and eliminates foreign exchange risks.

He said that most foreign companies use yuan to manage import and export, but some also do it for liquidity management reasons. For instance, foreign companies that export to China as well as manufacture in China would find it easier to receive yuan from Chinese customers and use this currency to manage their factories.

The survey questioned 1,304 international and Chinese companies that have cross-border trade activities. HSBC commissioned global market research firm Nielsen Holdings to conduct the survey. The field work for the survey was done between April 3 and May 7 this year.

According to the survey, two-thirds of the companies in the Chinese mainland and Hong Kong Special Administrative Region said foreign firms doing business with China gain both financial and relationship advantages while using the yuan, but awareness of these benefits varies widely in overseas markets.

Half of the respondents from Singapore, 44 percent from the US and 42 percent from the UK said they believe yuan usage brings financial benefits, but less than one third of their German and Canadian peers share the view.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
澄城县| 广元市| 崇仁县| 舞阳县| 东源县| 吉安县| 延吉市| 时尚| 泾川县| 马尔康县| 胶州市| 虹口区| 土默特右旗| 荥阳市| 明星| 吴忠市| 石屏县| 安远县| 寻甸| 同德县| 龙海市| 印江| 潜江市| 福州市| 通渭县| 望江县| 遵义县| 临城县| 丹江口市| 丰原市| 泗阳县| 永胜县| 林西县| 开封县| 六盘水市| 阿巴嘎旗| 江永县| 康保县| 马鞍山市| 临澧县| 鹤庆县|