china britain vow to enhance cooperation in finance rmb business
Last Updated : GMT 11:50:41
Arab Today, arab today
Arab Today, arab today

China, Britain vow to enhance cooperation in finance, RMB business

Arab Today, arab today

Arab Today, arab today China, Britain vow to enhance cooperation in finance, RMB business

Chinese Premier Li Keqiang and British Chancellor of the Exchequer George Osborne
London - XINHUA

 Visiting Chinese Premier Li Keqiang said here Wednesday that China and Britain will work together to lift the bilateral financial cooperation to a new height.
Li made this remark during a speeh at the Britain-China Financial Forum, co-hosted by the People's Bank of China and British Finance Ministry.
In recent years, both countries have seen a closer and more accelerating collaboration in financial sector, which has become a spotlight of the mutual cooperation between the two countries, said the premier.
London has become one of the most important offshore RMB markets outside Asia, Li noted.
By setting up a RMB clearing bank, the two countries realized direct trade between RMB and the Great British pound (GBP), which is conducive to completing the market infrastructure, reducing transaction costs and exchange risks, and facilitating the development of mutual investment and trade, said Li.
Li noted that China will deepen its financial reform and opening up, remove unreasonable policy barriers, and provide necessary and fundamental services for the financial and economic collaboration and development at home and abroad.
Meanwhile, China is accelerating the interest rate liberalization reform, expanding the floating range of RMB's exchange rate, and easing threshold for private capital into the financial industry, said Li.
"China will also further expand the opening up in service sectors, including the financial sector," added Li.
Li stressed that the two financial industries are highly complementary and embracing new cooperation opportunities.
He hoped the two sides could further strengthen communication based on the spirit of openness, mutual benefit, practicability and cooperation, promote bilateral financial cooperation and inject strong impetus to the comprehensive strategic partnership between China and Britain.
For his part, George Osborne, Britain's Chancellor of the Exchequer, said in his speech that financial cooperation is an important part of China-Britain cooperation, which has already achieved positive progress in recent years.
By setting up RMB clearing bank in London and initiating RMB-GBP direct trading, the two countries could boost their financial cooperation to a new height, and greatly promote bilateral trade and investment cooperation, said the chancellor.
Britain is willing to further enhance the cooperation with China and expect RMB to play a greater role in the international monetary system, he said.
The Chinese premier is in London for an official visit to Britain. His ongoing two-nation Europe tour will also take him to Greece.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

china britain vow to enhance cooperation in finance rmb business china britain vow to enhance cooperation in finance rmb business

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

china britain vow to enhance cooperation in finance rmb business china britain vow to enhance cooperation in finance rmb business

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Visit Jamaica for more than just sun

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today UN warns of conflict in Gaza

GMT 08:39 2017 Tuesday ,21 November

UN warns of conflict in Gaza
Arab Today, arab today Missouri problem mirrors woes

GMT 06:46 2017 Tuesday ,21 November

Missouri problem mirrors woes
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Fedra happy for “Between Two Worlds” success

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday