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

National

Regional

Taiwan, HK, Macao

Special Coverage

Focus

Society

Profiles

Agreement reached on currency swap deal

By Xin Zhimingand Cui Xiaohuo (China Daily)
Updated: 2008-12-20 07:49

The mainland and Hong Kong have agreed to sign a currency swap deal and the central government will provide capital support to the region "when it's necessary", its Chief Executive Donald Tsang said on Friday.

Tsang did not reveal the amount of the deal, but analysts said it sends a strong signal that the central bank will help stabilize the Hong Kong economy and its currency.

The deal is one of 14 support measures Premier Wen Jiabao promised the special administrative region when he met with Tsang in Beijing yesterday.

Tsang also said mainland firms will be allowed to settle deals in yuan in Hong Kong, which analysts said is a step to enhancing the influence of the Chinese currency internationally.

Although the amount of the currency swap is not known, Sun Lijian, an economist with Fudan University, said it will help shore up confidence in the Hong Kong economy, as in the 1997-98 Asian financial crisis when the central bank provided support to combat international speculators.

As the US dollar remained strong, the Hong Kong dollar, which is linked to the US dollar, has been popular with investors. But after the US Federal Reserve cut its interest rate on Tuesday, which is expected to weaken the US dollar, there may be pressure on investors to sell their Hong Kong dollars, he said.

"The timing of the announcement of the deal will help stabilize investor confidence in the Hong Kong dollar," Sun said.

The move, together with the agreement that the yuan can be used to settle business deals, demonstrates China's efforts to make it acceptable as a global currency, analysts have said.

Zhou Xiaochuan, governor of the Central Bank, was reported to have said in Hong Kong that settlements using the US dollar will cause problems if the dollar's value fluctuates drastically.

Last week, China and South Korea reached a three-year deal on currency swap worth 180 billion yuan ($26.3 billion), which analysts said is another step for the yuan's internationalization.