久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

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

Offshore yuan faces slower H2

By Gao Changxin in Hong Kong | China Daily | Updated: 2013-07-09 06:13

Offshore yuan faces slower H2

Growth in the offshore yuan market will slow in the second half as expectations recede for further appreciation of the currency, Standard Chartered Plc said on Monday.

In the longer term, offshore yuan centers, including Hong Kong and Singapore, will maintain their momentum, as businesses shift from holding the yuan to speculate on its appreciation to actual use of the currency in their daily operations.

On Monday, the yuan weakened against the dollar for a second day to 6.137 yuan per dollar. It has appreciated about 1.5 percent year-to-date.

An index compiled by Standard Chartered that tracks the progress of the yuan business recently breached 1,000 points for the first time. The index stood at a high of 1,002 points in May, up 8.4 percent from the previous month and 66.2 percent year-on-year.

The index, which started on Dec 31, 2010 at 100 points, tracks yuan activity in Hong Kong, Singapore and London.

Kelvin Lau, a senior economist with Standard Chartered, said that expansion in yuan activity may slow in the remainder of the year due to a challenging macroeconomic environment and a pause in yuan appreciation.

"A pause in yuan appreciation will certainly hurt yuan activities, but in the long term, other factors will (support) growth," said Lau. He expects the index to rise another 20 percent.

Total yuan deposits in Hong Kong, the world's biggest yuan center, will likely reach 700 to 750 billion yuan by year-end.

The Hong Kong Monetary Authority said last month that yuan deposits in Hong Kong rose to 698.5 billion yuan in May, up 3.1 percent from a month earlier.

Many investors in Hong Kong, especially individuals, hold yuan solely for appreciation, and a pause would make them reluctant to buy more of the currency, resulting in a slowdown in deposit growth.

Real corporate demand, in comparison, has been strong. A total of 88 percent of respondents to a corporate survey by Standard Chartered are either using offshore yuan products or considering doing so over the next six months. That was up from 76 percent in the last survey.

Total offshore yuan bond issues will reach 325 to 350 billion yuan this year, more than double the 150 billion yuan in 2012, according to Standard Chartered. So far this year, yuan bond issues have reached 225 billion yuan.

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: 欧美aaa毛片免费看 欧美aaa视频 | 亚洲欧美视频二区 | 久久99精品热在线观看15 | 三级大片在线观看 | 国产午夜精品一区二区三区不卡 | 操哭美女| 亚洲产国偷v产偷v自拍涩爱 | 撸天堂 | aaa成人永久在线观看视频 | 日本s色大片在线观看 | 国产亚洲精品成人婷婷久久小说 | 精品午夜寂寞影院在线观看 | 亚洲精品一区二区三区五区 | 在线观看免费黄色网址 | 国产午夜精品理论片久久影视 | 99热热久久这里只有精品166 | 亚洲男人网 | 久久精品国产精品青草 | 国产91久久最新观看地址 | 精品日本一区二区三区在线观看 | 99精品国产成人一区二区在线 | 欧美亚洲欧美区 | 日韩看片| 国产成人一区二区三区影院免费 | 天空在线观看免费完整 | 成人在线黄色 | 88av视频在线观看 | 中国一级特黄剌激爽毛片 | 国产精品v一区二区三区 | 99久久精品6在线播放 | 国产成人欧美一区二区三区的 | 国产一级大片免费看 | 一区中文字幕 | 成人网18免费网站 | 亚洲男人网 | 欧美一区欧美二区 | 日本午夜视频 | 色怡红院 | 99精品在线播放 | 高清免费国产在线观看 | 偷拍精品视频一区二区三区 |