三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

US EUROPE AFRICA ASIA 中文
Business / Economy

New working group formed to push trading, clearing of China's currency in the US

(Xinhua) Updated: 2015-12-01 10:26

New working group formed to push trading, clearing of China's currency in the US

A photo illustration shows a $100 banknote placed above Chinese 100 yuan banknotes in Beijing in this May 10, 2013 file photo. [Photo/Agencies]

NEW YORK - A working group on renminbi trading and clearing was set up in the New York City on Monday with former NYC mayor and business tycoon Michael Bloomberg serving as the chair of the group.

The group said enabling renminbi-denominated transactions to be cleared in the United States will sharpen the competitiveness of US companies by lowering transaction costs, and bring about direct benefits to the US economy.

The move is one of the results of Chinese President Xi Jinping's state visit to the United States in September when both Xi and President Barack Obama agreed to further deepen financial cooperation between the two countries.

"President Obama and President Xi came to an important agreement that will greatly benefit both the United States and China, and it's now incumbent on US industry to follow their lead," said Bloomberg.

The formation of The Working Group on US RMB Trading and Clearing follows that agreement, with the objective of charting a framework and roadmap that will make it easier for US institutions to make or receive renminbi payments, subject to review by US authorities, thereby lowering their transactional costs, increasing their efficiency and helping them build stronger trade and business partnerships -- which in turn will create more jobs and lead to further US economic growth.

The group will initially include the following member institutions: The US Chamber of Commerce, Bank of America, BNY Mellon, Citi, Goldman Sachs, JP Morgan Chase, Morgan Stanley, Wells Fargo, Agricultural Bank of China, Bank of China, Bank of Communications, China Construction Bank, Industrial and Commercial Bank of China, Additional firms are expected to join the group in the near future.

Tom Donohue, president and CEO of the US Chamber of Commerce, said, "Creating a Chinese currency trading mechanism in the US makes it easier for American businesses to sell goods in China and will help the yuan evolve into a free floating currency."

Tian Guoli, Bank of China's chairman of the Board of Directors said, "We are pleased to join the working group as an initial member, and work with business leaders from China and the US to advance a mechanism to trade and clear renminbi in the US".

Also on Monday, the International Monetary Fund (IMF) said that China's renminbi is eligible for joining the Special Drawing Rights (SDR) basket as an international reserve currency.

The decision marked a milestone in the internationalization of the renminbi. The inclusion of the renminbi will take effect Oct 1, 2016, the IMF said in a press release.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产乱码精品一区二区三区中 | 又黄又爽的成人免费网站 | 另类二区三四 | 精品国产高清自在线一区二区三区 | x8x8国产在线观看2021 | 欧美日韩高清一本大道免费 | 国产精品馆| 免费欧美在线 | 亚洲欧美在线观看 | 欧美 国产 日本 | 激情久久久久久久久久 | 欲色影视天天一区二区三区色香欲 | 成人不卡在线 | 日韩第二页| 国产成人影院在线观看 | 7m凹凸国产刺激在线视频 | 日韩美女黄大片在线观看 | 午夜视频福利在线 | 国产自愉怕一区二区三区 | 国产特黄一级一片免费 | 国产欧美日韩精品一区二 | 国产欧美精品专区一区二区 | 91精品国产色综合久久不卡蜜 | 成年片美女福利视频在线 | 欧美久久xxxxxx影院 | 天天摸一摸视频寡妇 | 精品国产调教最大网站女王 | 婷婷三级 | 超h福利视频在线观看 | 国产在线观看高清精品 | 日韩欧美黄色 | 亚洲国产欧美自拍 | 国产二级毛片 | 久久福利资源网站免费看 | 男女爱爱激情视频在线观看 | 日韩免费三级 | 看黄色一级片子 | 国产伦一区二区三区四区久久 | 免费一级特黄欧美大片久久网 | 不卡视频一区 | 欧美日韩性视频一区二区三区 |