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

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Macro

Belt and Road to tap local currencies, says PBOC's deputy governor

By Dai Tian | chinadaily.com.cn | Updated: 2017-05-11 11:02

Belt and Road to tap local currencies, says PBOC's deputy governor

Yi Gang, deputy governor of the People's Bank of China, speaks at a news conference in Beijing, March 10, 2017. [Photo/Xinhua]

Belt and Road projects are encouraged to use local currencies in investment and finance to cut problems associated with exchange rate fluctuations, said Yi Gang, deputy governor of the People's Bank of China (PBOC).

By using local currencies, countries along the routes can tap into domestic savings and ensure financial stability, he told People's Daily in an interview on Thursday.

China aims to provide a platform for financial connectivity where participants can share profits and risks, Yi said.

"Although infrastructural projects along the routes tend to have a longer investment horizon, most are commercially profitable. The financial institutions operate under market rules," the deputy governor was quoted as saying.

Yi echoed remarks made by central bank governor Zhou Xiaochuan last week in promoting usage of local currencies.

Such suggestion comes as nations along the Belt and Road are closer knitted than ever through financial cooperation. According to data by the PBOC, nine Chinese banks have set up subsidiaries in 25 countries along the routes, while 54 commercial banks from 20 countries have established theirs in China by the end of last year.

China has signed currency swap agreements with 21 countries along the Belt and Road, six of which have RQFII (RMB Qualified Foreign Institutional Investors) quota.

Direct currency trade and settlement can lower exchange rate risk and make investments more convenient, Yi said. "Financial cooperation will enable China and countries along the routes to open and integrate further in a broader scope."

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 合水县| 杭锦旗| 如东县| 诏安县| 甘孜| 从江县| 都兰县| 宿松县| 分宜县| 霍林郭勒市| 芦山县| 东港市| 任丘市| 兴文县| 昌平区| 北川| 清流县| 惠州市| 永定县| 涿鹿县| 甘洛县| 碌曲县| 桐乡市| 桐柏县| 田阳县| 合作市| 大化| 获嘉县| 筠连县| 南城县| 黄龙县| 邯郸县| 阳信县| 合阳县| 崇信县| 白水县| 平远县| 建阳市| 阿尔山市| 肥西县| 乌拉特前旗|