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

5 cities chosen for cross-border yuan transactions

By Qin Zhongwei (chinadaily.com.cn)
Updated: 2009-07-03 21:21

Five major cities in China were chosen to participate in a program that will help facilitate future trade transactions between China and its neighboring countries.

After three months of preparation, Shanghai, Guangzhou, Shenzhen, Zhuhai and Dongguan will use the yuan in cross-border transactions. The administrative rules were issued by the People's Bank of China and other five ministries yesterday to "smoothly execute" trade payments.

Related readings:  China-India crossborder trade 'not ideal'  Rules unveiled on cross-border yuan settlement  Mainland, HK sign supplementary pact on RMB settlement  Yuan settlement trial starts in five cities  Yuan trade settlement gets the nod

With exception to Shanghai, the other four cities are all located in the Pearl River Delta.

This move will allow the risks of exchange rate fluctuations to be reduced and will guarantee a smooth trade between China and its neighboring countries amid the economic downturn, said Ding Zhijie, vice-dean of the Financial School of University of International Business and Economics.

But the new rules also make it clear that not all the enterprises in these five cities are allowed to settle the trade transactions in yuan, except those "designated and eligible”.

Last December, the Chinese government announced the pilot project to promote use of the yuan to settle bilateral trade payments with Hong Kong and ASEAN (Association of Southeast Asian Nations) members, but did not specify which Chinese cities would participate at the time.