男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Make me your Homepage
left corner left corner
China Daily Website

Shanghai FTZ to play leading global role

2013-12-03 14:07

By Chen Jia (chinadaily.com.cn)

Shanghai FTZ to play leading global role
 

Shanghai Free Trade Zone is likely to become a major international treasury center and will attract an increasing number of multinationals amid the government's support for renminbi internationalization, Standard Chartered Group CEO Peter Sands said in Beijing on Tuesday.

Shanghai FTZ to play leading global role

Standard Chartered Group CEO Peter Sands 

Along with Hong Kong, Taiwan, Singapore and London, the UK bank's CEO also sees the zone as the next opportunity to expand its renminbi services.

"We are very excited that the renminbi is becoming more integrated into the global economy and the process is extraordinarily rapid, although there are many steps to go through," he said.

Standard Chartered is preparing for the ongoing financial reforms and changes in China, especially for new policies in the Shanghai Free Trade Zone.

It will "play a positive role in the evolution", taking advantage of the bank's broad international business network and the experience of developing the bond market, according to Sands.

Standard Chartered Bank and Agricultural Bank of China signed a Memorandum of Understanding on Monday that cements a partnership to provide renminbi clearing services in the United Kingdom.

Cooperation with China's third-largest bank by total market value to build a renminbi clearing center in London will further help Chinese companies to expand business overseas and accelerate the currency internationalization, he said.

Under the agreement, financial institutions and companies can undertake transactions denominated by renminbi in banking services from the UK branches of the two banks.

"It will pave the way for greater awareness and the development of more renminbi related products and services in areas such as trade finance, global cash management, asset management and bond settlement based on the renminbi offshore market of London," said Sands.

"The opportunity to boost renminbi liquidity in London could be used to fund large investment projects and support the development of other financial activities."

With the settlement of the renminbi clearing services, the UK will provide more opportunities for Chinese enterprises to expand investments, he said. "More broadly, it will help Chinese companies access Western markets, including the United States and other European countries."

Negotiations on cooperation between Standard Chartered Bank and Agricultural Bank of China started three years ago. It also raised the agreement to continue to expand partnership of small- and medium-sized enterprises financing survives.

"We are proud to contribute to the strengthening of economic ties between the two nations, as the renminbi continues to internationalize," the UK bank's CEO said.

According to the Society for Worldwide Interbank Financial Telecommunications, London accounts for 28 percent of offshore yuan settlement transactions. It is the main offshore renminbi center in the European Union.

 

We recommend:

UK gets a taste of China

 

Related Readings:

Standard Chartered upbeat on 2014 China equity markets
China's GDP growth to 7.6%
Standard Chartered branch set for new business area
Standard Chartered, HSBC 'poised to enter FTZ'

 

Previous Page 1 2 Next Page

...
主站蜘蛛池模板: 五指山市| 迁安市| 石嘴山市| 长寿区| 定结县| 东阳市| 齐齐哈尔市| 会同县| 旺苍县| 宝坻区| 东丰县| 望城县| 辰溪县| 乳山市| 宜宾市| 醴陵市| 滕州市| 屯昌县| 西乡县| 武安市| 北宁市| 永安市| 蓬莱市| 新绛县| 鄂托克旗| 肇东市| 丹阳市| 遂昌县| 满洲里市| 绥阳县| 准格尔旗| 会同县| 桂平市| 徐汇区| 通辽市| 建阳市| 凤庆县| 宣汉县| 红桥区| 密云县| 来宾市|