الأحد، 29 يناير 2012

Chinese economy is expected to become China's currency «yuan» global reserve currency within 10 years

Describe what and Jian, general manager of the banking group «HSBC» Chinese, the so-called «optimism currency trade, currency, investment and reserve currency» is three steps of the Chinese currency (yuan) to the World .. He pointed out that «the yuan entered the stage of investment under way around the world», and that he is heading to become a global reserve currency within 10 years to come, bearing in mind that the funding would be the main factor ». According to Chinese economist, in an article newspaper «Chaana» economic in number the last, that although the amount of loans the yuan is not high, but it is characterized by high growth, accounting for loans Hong Kong of yuan to 19 billion yuan in the month of September 2011, after it had been in the beginning of 2011 is estimated at 2 billion yuan .. He said, adding that after China made a policy of direct investment in yuan in October 2011, the volume of direct investments in the Chinese yuan within two months of this date 16 billion yuan.
He explained that although, it is expected to continue the funding base for the Chinese yuan rapid growth through 2012, driven by fundamentals strong that have been developed, and that after it has been a policy of direct investment of the yuan, is expected to enter more institutions of various kinds to the bond market, the yuan, including many of the transnational corporations and private companies.
He added that Hong Kong and other markets in neighboring China's very optimistic to invest in bonds, the Chinese yuan, as it is expected that the Bank «HC ABC» issue worth 260 billion yuan to 310 billion yuan in 2012, and this means that the overall scope of the market will double again , which would be in at the end of this year, between 400 and 450 billion yuan.
For his part, sees Jia Zheng Qiang, head of the Department of Finance the special administrative region of Hong Kong, Hong Kong Director of the Treasury that «Hong Kong will become a center of Chinese yuan outside the mainland, given the importance of the yuan products .. Adding that in conjunction with product development, China has to know how to optimize using the method of funding, and how to expand the area of ​​policy, access and participation in the Chinese mainland market ».

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