综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

  Home>News Center>China
       
 

HK rmb debt market plan test for yuan
(Reuters)
Updated: 2006-02-22 17:32

Beijing dropped the yuan's long-standing peg against the dollar in July, and has long said it would eventually make the currency freely convertible.

PILOT SCHEME

Economists said Hong Kong was the logical choice for monitoring how the yuan would respond to market forces.

James Malcolm, a currency strategist with Deutsche Bank in Singapore, said it made sense to launch a pilot scheme in Hong Kong, where Beijing can keep close track of it, but he described it as just an incremental step towards liberalisation.

"It's like an incubator for experiments. It'll start very very small," Malcolm said.

"In the longer term, they plan to open the capital account," said Bank of East Asia economist Paul Tang. "It makes sense to do it on a small scale in Hong Kong."

The immediate impact of such a market would be more localised, providing an investment outlet for the nearly $3 billion worth of individual yuan deposits that have accumulated since Hong Kong's banks were allowed to take them in early 2004.

Yuan deposits in 38 Hong Kong banks hit 22.6 billion yuan ($2.8 billion) at the end of 2005; spending and cash withdrawals in 2005 using yuan-denominated bank cards reached HK$9.4 billion.

Economists said prospective issuers of yuan debt included Hong Kong-based or foreign firms that exported to Chinese mainland and thus raked in yuan-denominated revenue, and also investors that owned Chinese-based assets such as factories.


Page: 12



Persistent drought hits Guangdong
Chinese peacekeepers in Haiti
Dropouts return to school
  Today's Top News     Top China News
 

China-Japan talks yield minor progress

 

   
 

HK rmb debt market plan test for yuan

 

   
 

Chinese gov't to spend more on countryside

 

   
 

Beijing: Separatists' moves 'dangerous sign'

 

   
 

Airbus seeks joint ventures in India, China

 

   
 

China, Pakistan: We want closer ties

 

   
  China spells out plan for rural revival
   
  Nation restarts high-level talks with Japan
   
  China to expand use of nuclear power
   
  China hopes for solution to EU shoes spat
   
  China to keep yuan basically stable in 2006
   
  Iran urged to suspend uranium enrichment
   
 
  Go to Another Section  
 
 
  Story Tools  
   
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
垣曲县| 五指山市| 鄂尔多斯市| 老河口市| 新安县| 永吉县| 肃宁县| 华阴市| 巴马| 饶平县| 亳州市| 万盛区| 三穗县| 达拉特旗| 阿坝县| 中卫市| 米脂县| 扬州市| 灵宝市| 商都县| 改则县| 沂源县| 邮箱| 光山县| 林芝县| 博野县| 太康县| 万盛区| 深圳市| 富蕴县| 革吉县| 福清市| 涟水县| 砚山县| 平度市| 牟定县| 瓮安县| 岱山县| 沽源县| 梁平县| 五原县|