国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Stronger confidence in yuan's global use: report

Source: Xinhua| 2018-02-01 11:15:56|Editor: Liangyu
Video PlayerClose

BEIJING, Feb. 1 (Xinhua) -- Expectations of China further opening up its financial sector this year have boosted bankers' and experts' confidence in global use of the renminbi, according to a China Daily report.

A survey of the Bank of China said 76 percent of respondents from 3,134 overseas enterprises and 118 financial institutions in 25 countries and regions believed the yuan would play a role as important as other major currencies, including the U.S. dollar, British pound, euro and Japanese yen.

That proportion rose from 72 percent from 2016, reflecting improved confidence in the yuan's global usage.

More than 60 percent of the surveyed said they will increase use of yuan in global trade, investment and foreign reserves.

In 2017, the yuan remained the world's sixth-largest currency in payments and seventh-largest in foreign exchange reserves, according to the paper.

"The market's demand for yuan-denominated assets will be huge in the future," said Zhang Qingsong, vice-president of the Bank of China, noting that plans to launch crude oil futures in Shanghai will support the yuan's use in setting commodity prices in global trading.

Experts forecast that the yuan's exchange rate will remain relatively steady this year, but it will float more freely as the market plays a stronger role in deciding its value.

The first month of 2018 witnessed the yuan's onshore exchange rate strengthen by 3.38 percent against the U.S. dollar, the biggest monthly gain since 1994.

The reading was also over half of the 6.72 percent strengthened for the whole 2017, the sharpest annual appreciation in nine years.

However, the fundamental reason behind the yuan's rally is a robust Chinese economy, which boosts investor confidence in the currency, said Guotai Junan Securities.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001369416501
主站蜘蛛池模板: 新余市| 绥宁县| 中山市| 诏安县| 团风县| 江津市| 连山| 岚皋县| 华池县| 广东省| 泰宁县| 福贡县| 广饶县| 二手房| 茌平县| 鸡西市| 威远县| 安西县| 梅河口市| 中西区| 浦城县| 汝阳县| 潜江市| 通许县| 余姚市| 肥城市| 富顺县| 甘洛县| 浙江省| 新闻| 高清| 阜康市| 呈贡县| 织金县| 霸州市| 新津县| 隆化县| 天全县| 宁津县| 定边县| 城步|