1. LINE

      Text:AAAPrint
      Economy

      Renminbi hub topic of Pacific Finance Summit

      1
      2015-04-16 13:38China Daily Editor: Si Huan

      Private and public sector leaders from across Canada and Asia will meet at the Pacific Finance Summit to create a blueprint for Canada to capitalize on its new status as clearing hub for China's currency.

      The summit, part of the international conference series presented by CityAge Media, will be held June 16 at the Vancouver Convention Centre. It is co-hosted by AdvantageBC and the Province of British Columbia.

      Participants of the summit will look at how Canadian and Chinese companies will gain competitive advantages by settling accounts between Canadian dollars and renminbi, or yuan, which is expected to become the world's third major trading currency within the next five years.

      According to Colin Hansen, CEO of AdvantageBC, Canada's status as a renminbi hub is "a unique opportunity, which will make [Canada's] importers and exporters more competitive and extend out trade reach across the Americas."

      The Peoples Bank of China designated Canada as China's first renminbi settlement hub in the North American continent on Nov 9. The Industrial and Commercial Bank of China (ICBC) branch in Canada is the official clearing bank.

      "The new currency exchange system will mean that Canadian companies will now be able to efficiently conduct transactions in real time between Canadian dollars and Chinese renminbi," Hansen said in a press release. "Canadian companies will [have] savings in currency exchange costs, reduction in transaction risks, as well as faster and more direct payments."

      The ability to directly trade in what is expected to be one of the world's top three currencies within five years will add as much as C$32 billion in exports for Canada and grow the country's financial services footprint in Asia.

      Canada is also the seventh country in the world to be allocated a renminbi Qualified Foreign Institutional Investor quota by China, which will allow companies in Canada to use renminbi to invest directly with China's capital markets.

      According to AdvantageBC, these successes offer Canada an opportunity to grow both its status as a global financial center and its exports to China and other Asian countries.

      Confirmed speakers at the Pacific Finance Summit include Michael de Jong, BC Minister of Finance; Teresa Wat, BC Minister of International Trade; Janet L. Ecker, President and CEO of Toronto Financial Services Alliance; and Rongrong Huo, head of China and RMB Business Development of HSBC.

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 国产亚洲精品无码专区| 免费在线观看你懂的| 亚洲日本一区二区| 成人毛片100免费观看| 在线观看午夜亚洲一区| 中文字幕永久免费| 久久亚洲国产午夜精品理论片| 大妹子影视剧在线观看全集免费 | 欧洲精品成人免费视频在线观看| 亚洲色图校园春色| 97热久久免费频精品99| 亚洲av无码电影网| 亚洲欧洲免费无码| 亚洲av永久无码天堂网| 国产小视频免费观看| 人妻18毛片a级毛片免费看| 美腿丝袜亚洲综合| 国产成年无码久久久免费| 老司机亚洲精品影院| 操美女视频免费网站| 美景之屋4在线未删减免费| 国产日韩成人亚洲丁香婷婷| 男人都懂www深夜免费网站| 亚洲色图.com| 小小影视日本动漫观看免费| 一区二区三区免费视频播放器| 亚洲va无码手机在线电影| 国产大片91精品免费观看不卡| 在线观看亚洲AV日韩A∨| 亚洲av手机在线观看| 日本视频在线观看永久免费| 亚洲精品无码不卡| 好吊妞998视频免费观看在线| 一级做α爱过程免费视频| 亚洲伦另类中文字幕| 午夜免费不卡毛片完整版| 一个人看的www在线免费视频 | 亚洲永久在线观看| 亚洲日韩在线第一页| 亚洲一区在线免费观看| 免费播放美女一级毛片|