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:: The RQFII program ::

 
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MessagePosté le: Sam 14 Juil - 07:58 (2018)    Sujet du message: The RQFII program Répondre en citant

VIENTIANE http://www.newyorkislandersteamstore.com/adidas-denis-potvin-jersey , Jan. 27 (Xinhua) -- An agreement on Lao national television channel upgrade project with Chinese sponsor has been signed in Lao capital Vientiane.

The agreement was signed by the Economic Counselor of Chinese Embassy in Laos Wang Qihui and Bounchao Pichit, head of Lao National Television on Friday.

The project includes upgrade of studio http://www.newyorkislandersteamstore.com/adidas-clark-gillies-jersey , editing system, transmission and conversion system http://www.newyorkislandersteamstore.com/adidas-christopher-gibson-jersey , provision of high-definition broadcasting vehicles and portable transmission equipment, among others.

The project is expected to raise the production quality standard of Lao television programs and provide technical support for better exchange of radio http://www.newyorkislandersteamstore.com/adidas-casey-cizikas-jersey , film and television between China and Laos.



ISTANBUL, Jan. 25 (Xinhua) -- The foreign ministers of Turkey and Austria on Thursday pledged to rebuild ties despite disagreements on Turkey's accession process to the European Union.

"Today we have discussed what we can do to open a new page in relations http://www.newyorkislandersteamstore.com/adidas-calvin-de-haan-jersey ," Turkish Foreign Minister Mevlut Cavusoglu told reporters at a joint press conference with his visiting Austrian counterpart Karin Kneissl in Istanbul.

The two countries' relations have been damaged as Austria took a continuous opposition towards Turkey's accession process to the EU.

"We cannot ask or force Austria to change their thoughts or position about Turkey's EU membership bid," Cavusoglu said http://www.newyorkislandersteamstore.com/adidas-cal-clutterbuck-jersey , adding that both parties should focus on building a "positive agenda."

But the Turkish minister urged the EU to take decision, saying "we don't want that the EU keeps us waiting at the door anymore http://www.newyorkislandersteamstore.com/adidas-bryan-trottier-jersey , we have been standing there for 60 years."

Turkey applies for associate membership of the European Economic Community (EEC) in 1959. Turkey is a candidate country for EU membership following the Helsinki European Council of December 1999. Accession negotiations started in October 2005.

But Ankara's tie with the EU have strained in due course over issues including democracy and human rights, in particular over the crackdown that followed the 2016 coup attempt.

Kneissl said the two ministers discussed all the critical and troubled issues but mainly concerned with improving the atmosphere in the relationships.

She added that the talks exceeded her expectations even though the differences remain in several issues.

Ties between the two countries have also soured even further when Austrian authorities restricted Turkish politicians from campaigning in the country ahead of a referendum in Turkey in 2017. The Turkish community in Austria is composed of nearly 200 http://www.newyorkislandersteamstore.com/adidas-brock-nelson-jersey ,000 people of who half are Austrian citizens.





BEIJING, Feb. 27 (Xinhua) -- China's foreign exchange regulator has approved a bigger amount of foreign investment in the country's onshore financial market, official data showed on Monday.

As of Feb. 27, 278 Qualified Foreign Institutional Investors (QFII) have received quotas amounting 89.21 billion U.S. dollars, up from 87.31 billion dollars registered at the end of January, according to the State Administration of Foreign Exchange (SAFE).

In total, 181 overseas institutions have received quotas amounting to 541.13 billion yuan (80.75 billion U.S. dollars) under the RMB Qualified Foreign Institutional Investors (RQFII) program. It was 529.63 billion yuan a month earlier.

China's currency, the yuan, is convertible for trade purposes under the current account, while the capital account, which covers portfolio investment and borrowing, is largely run by the state in an effort to control capital flow.

To gradually liberalize the capital account, the government introduced the QFII and RQFII programs in 2003 and 2011, respectively, part of China's strategy to promote RMB's use overseas.

The QFII program represents China's effort to allow licensed foreign investors to invest in China's RMB denominated capital market.

The RQFII program allows institutional investors with offshore Renminbi deposits to invest in China's onshore market.

The RQFII program is currently open to 18 countries and regions, including Britain, Singapore, France, the Republic of Korea, Germany, Qatar, Canada, Australia and Luxembourg as well as China's Hong Kong Special Administrative Region.



BEIJING, Feb. 22 (Xinhua) -- The central parity rate of the Chinese currency, the renminbi or the yuan, weakened 40 basis points to 6.883 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Like some major currencies, the renminbi weakened against the strengthening dollar in 2016 as the U.S. economic recovery and expectations of U.S. interest rate hikes helped the greenback.

Economists believe the yuan will see less depreciation pressure in the long run and will remain generally stable in the short term due to lingering uncertainties over the U.S. dollar and policies of the Trump administration.

Li Daokui, an economics professor at Tsinghua University, said during a recent interview with China Securities Journal that pressure on RMB depreciation could ease in the second half of 2017 as some policies of the Trump administration might not deliver the intended results and appreciation of the dollar could slow.

China still has the largest stash of forex reserves in the world and they are abundant, he said.

OSLO, June 2 (Xinhua) -- The number of registered unemployedNorwegians went down in May http://www.newyorkislandersteamstore.com/adidas-billy-smith-jersey , online newspaper E24 repor.


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