免费日韩片_欧美成人精品一区二区男人小说_国产乱码一区二区三区四区_国产精品国产三级国产aⅴ入口_成人看的污污超级黄网站免费_欧美一级在线免费观看_成人午夜免费无码福利片_国产乱人伦偷精品视频色欲_aaa少妇高潮大片免费看_国产精品1234_亚洲精品国产suv一区88_中文字字幕在线中文无码_精品亚洲区_午夜九九九_国产av国片精品jk制服丝袜_色综合亚洲_亚洲成av人片无码bt种子下载_欧美色就色_精品少妇的一区二区三区四区_男人用嘴添女人下身免费视频

Reporters' Log

Advisor: China should set up clearing bank in Shanghai

By (Xinhua)
Updated: 2009-03-03 09:49

China needs to establish a clearing bank in Shanghai, the country's financial hub, to accelerate the city's pace in growing into a global financial center, a political advisor has proposed.

Related readings: Proposals boost city's financial profile  Shanghai recruitment fairs hot on Wall Street  China's first financial court opens in Shanghai  Shanghai has favorable conditions to be financial center

"Setting up a clearing bank is an important step in building a global financial center inside a country," Ji Xiaohui, a member of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC), said Monday.

The payment and settlement system is usually a basic "platform" in building an international financial center, said Ji, also chairman of Shanghai Pudong Development Bank.

Global financial centers naturally serve as centers for international payment and settlement at the same time, as in the case of New York, London and Hong Kong, he added.

As a city which eyes the status of an international financial center, however, Shanghai has a relatively weak regional payment and settlement system, according to Ji.

China's national payment system is mainly operated from the country's central bank, the People's Bank of China, with a national processing center in Beijing connected to centers in different provinces.

Ji said a Shanghai center needed to be enhanced to make it parallel to the Beijing center, so that the two centers could provide backup copies for each other while payment and settlement can be switched between the two centers in real time.

The main function of the national center could also be moved to Shanghai in the future, to create an independent, market-oriented, and national-level clearing bank, Ji proposed.

He said the government should set up or allow local banks to establish a foreign-currency clearing bank in Shanghai, which could serve as a foundation for possible cross-border transactions.

He also said Shanghai should woo commercial banks to establish settlement centers for their internal needs.

Non-government payment organizations and foreign institutions should also be encouraged to set up settlement banks in Shanghai, he added.

Central Economic Work Conference

• Interest Rate Cut
• 30 Years of Reforms
• Coping with Financial Crisis
• Housing in China
• 2008 Tsinghua Management Global Forum
• more

Hot Words

• 政府注資 pump priming
• 軟環境 soft environment
• 糧食最低收購價 crops' minimum purchase prices

• 保八 Eight Percent Protection
• 以人為本 Put People First
• 農民企業家 Farmer-turned-entrepreneur
• 窗口指導 window guidance
• 下崗再就業 Re-employment after being laid off
• more

From Foreign Press

• German media give full coverage to Premier's report
• Overseas press praise China's 8% economic growth
• German media: Economy tops agenda at NPC session
• From the foreign press
• World media keeps close watch on 'two sessions'
• more

Letters

• Corruption top issue for public
• China adopts Food Safety Law
• China's economic growth in 2009
• more