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 / Markets

Foreign companies yet to tap full potential of renminbi in trade

By Cecily Liu in London (China Daily) Updated: 2014-07-10 07:16

Foreign companies yet to tap full potential of renminbi in trade

Benefits of transactions in yuan are publicized at an international financial exhibition in Wuhan, Hubei province. HSBC Holdings Plc estimates that about one-third of China's trade will be settled in yuan by 2015. Sun Xinming / For China Daily

Survey finds Chinese currency can be handy for cross-border transactions

Overseas companies are yet to realize the full benefits of using the renminbi as an invoice currency when doing business with China, said a new survey commissioned by global banking and financial services organization HSBC Holdings Plc.

The survey, released on Wednesday, shows that although 59 percent of the respondents plan to increase cross-border activities with the Chinese mainland over the next 12 months, only 22 percent currently settle transactions in yuan.

Foreign companies yet to tap full potential of renminbi in trade
Beijing, Seoul agree to directly trade currencies 
According to HSBC, the figures also highlight the huge growth potential for yuan - denominated trading activities with Chinese companies, as China overtook the United States to become the world's largest trading nation in 2013 with its trade in goods passing $4 trillion. HSBC estimates that about one-third of China's trade will be settled in yuan by 2015.

Mark Emmerson, head of global trade and receivables finance for HSBC in the United Kingdom, says there are many benefits to invoicing imports and exports in yuan for international businesses when trading with China.

Emmerson said most foreign companies move toward the yuan invoicing model at the request of their Chinese partners, who look favorably on overseas partners who use the yuan as it shows commitment and eliminates foreign exchange risks.

He said that most foreign companies use yuan to manage import and export, but some also do it for liquidity management reasons. For instance, foreign companies that export to China as well as manufacture in China would find it easier to receive yuan from Chinese customers and use this currency to manage their factories.

The survey questioned 1,304 international and Chinese companies that have cross-border trade activities. HSBC commissioned global market research firm Nielsen Holdings to conduct the survey. The field work for the survey was done between April 3 and May 7 this year.

According to the survey, two-thirds of the companies in the Chinese mainland and Hong Kong Special Administrative Region said foreign firms doing business with China gain both financial and relationship advantages while using the yuan, but awareness of these benefits varies widely in overseas markets.

Half of the respondents from Singapore, 44 percent from the US and 42 percent from the UK said they believe yuan usage brings financial benefits, but less than one third of their German and Canadian peers share the view.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 免费黄在线观看 | 中国黄色免费 | 日比视频在线观看 | 国产图片综合 | 又爽又黄又无遮挡的视频在线观看 | 国产精品久久久久久福利漫画 | 亚洲精品日韩在线一区 | 亚洲综合区小说区激情区噜噜 | 亚洲成在人线av | 制服丝袜视频在线 | 国产成人精品免费午夜 | 免费黄色在线观看视频 | 欧美性生活视频免费播放网址大全观看 | 一级毛片特级毛片黄毛片 | 国产视频在 | 久久久久久免费精品视频 | 激情婷婷网 | 成年视频在线播放 | 欧美一级特黄高清免费 | 国内精品视频一区 | 亚洲国产精品久久精品怡红院 | 91桃色视频 | 中文黄色 | 日韩欧国产精品一区综合无码 | 久久免费99精品久久久久久 | 国产++欧洲韩国野花视频 | 99国内精品 | 欧美日韩国产综合视频在线看 | 黄色片免费在线看 | 日本人一级大毛片 | 亚洲精品一区二区不卡 | 麻豆国产96在线 | 日韩 | 91精品国产亚一区二区三区 | 亚洲草逼 | 午夜亚洲国产成人不卡在线 | 黄色影院免费观看 | 国产在线一区视频 | 唐人社区精品视频 | 久久国产乱子伦精品免费强 | 人成精品 | 欧美a级黄 |