500元人民币 三星将以人民币结算在华交易

三星将以人民币结算在华交易  

Samsung Electronics has outlined plans to start trading renminbi in South Korea
giving a boost to the nascent local market as Seoul seeks to capitalise on China’s drive to internationalise its currency.
Direct trading of the Chinese and South Korean currencies began in Seoul on December 1
reflecting increasingly close economic co-operation beeen the countries that is also expected to bring the conclusion of a trade agreement in the next few months.
Samsung said on Thursday that it would begin using the local market from March 16 to settle transactions with its subsidiaries in China
thereby being the first major South Korean group to make use of it.
三星周四表示，将从3月16日起，利用首尔人民币市场，结算与其在华子公司的交易，从而成为第一家利用该市场的大型韩国企业。
The entry to the market of South Korea’s biggest pany
and one of the biggest investors in China
may encourage other panies to follow suit
said Choi Ji-young
director of exchange regulation at Seoul’s finance ministry.
Volumes on the new market have risen steadily even without the participation of major panies. The finance ministry said average daily trading volumes this week in South Korea’s interbank won-renminbi market were about Rmb10bn ($1.6bn)
pared with about $10bn on the won-dollar market.
The official recognition last July of Seoul as an offshore renminbi trading centre
by appointing Bank of Communications as the city’s renminbi clearing bank
followed similar moves for Hong Kong
London
Frankfurt and Singapore.
Since then cities including Toronto
Bangkok and Sydney have followed
as China seeks to encourage greater international use of its currency: a trend that would reduce funding costs for its panies and help them expand abroad.
South Korea hopes that the growth of a renminbi market in Seoul could reduce currency transaction costs for its panies’ trade and investment transactions with China
which is by far the country’s biggest trading partner.
But Mr Choi said that the key development for the market would be greater use of the renminbi for trade settlement: only 1.7 per cent of South Korea’s exports to China by value in February were settled in renminbi
and only 1 per cent of imports.