【英语财经】新加坡成全球第二大离岸人民币交易中心 Singapore overtakes London for offshore renminbi trade

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2014-4-29 06:45

小艾摘要: Singapore has vaulted ahead of London as the world’s biggest offshore trading hub for the renminbi outside Hong Kong, as rapidly growing commercial ties between China and southeast Asia propel use of ...
Singapore overtakes London for offshore renminbi trade
Singapore has vaulted ahead of London as the world’s biggest offshore trading hub for the renminbi outside Hong Kong, as rapidly growing commercial ties between China and southeast Asia propel use of the Chinese currency.

The development highlights not only the rapid internationalisation of the renminbi but how financial centres in Europe and Asia are jostling for a slice of the business.

London has become the main city outside Asia for dealing in the Chinese currency, with a series of initiatives undertaken since George Osborne, UK finance minister, two years ago moved to help the UK capital become a trading centre for renminbi and the staging post for Chinese investment into Europe.

However, data from Swift, the global payments system, show that the value of renminbi payments processed through Singapore had risen 375 per cent in the year to March, overtaking London in February.

Singapore accounts for 6.8 per cent of all offshore renminbi-denominated currency payments, compared with 5.9 per cent for London, according to Swift. Hong Kong accounts for 72 per cent.

Meanwhile, the data are a symbolic blow to London, since the UK government has frequently cited Swift figures to assert the UK’s dominance of renminbi trading outside of mainland China.

More than 40 per cent of global foreign exchange trading takes place in London, and the expectation is that the City will eventually play a similar role in renminbi trading as China gradually opens up its capital markets and liberalises its currency.

But the lead of Singapore – Asia’s largest foreign exchange trading centre – reflects the fact that the renminbi’s international rise has so far been driven primarily by its use in trade finance – for which the tiny island nation serves as southeast Asia’s hub.

United Overseas Bank, Singapore’s third-largest bank by assets, said the volume of payments it had handled in renminbi had risen more than 88 per cent in the past 10 months. “We expect this growth to continue, fuelled by the fast-growing trade corridors between southeast Asia and China,” said John Kong, head of strategic business at UOB’s transaction banking unit.

中国与东南亚迅速加强的商业关系推动着人民币的使用,令新加坡一跃超过伦敦,成为仅次于香港的全球第二大离岸人民币交易中心。

这一发展不仅凸显出人民币的迅速国际化,还凸显出欧洲和亚洲的金融中心是如何在争先恐后地从离岸人民币业务中分一杯羹。

两年前,英国财政大臣乔治?奥斯本(George Osborne)采取行动,帮助将伦敦打造成人民币交易中心和中国投资进入欧洲的中转站。自那以来,随着一系列措施的出台,伦敦已成为亚洲以外的主要人民币交易城市。

然而,全球支付系统Swift的数据显示,经由新加坡处理的人民币支付交易的价值,在去年3月到今年3月增长了375%,在今年2月即超过伦敦。

根据Swift数据,新加坡目前占所有离岸人民币支付交易的6.8%,伦敦占5.9%。香港的占有率为72.4%。

与此同时,相关数据给了伦敦富有象征意味的一击,因为英国政府常常引用Swift数据来强调英国在离岸人民币交易中的优势地位。

全球外汇交易有超过40%发生在伦敦。人们预期,随着中国逐渐开放资本市场和推动人民币自由化,伦敦金融城在人民币交易中最终也将具有类似的重要性。

但亚洲最大外汇交易中心新加坡的领先,反映出一个事实:人民币在国际上的崛起,到目前为止主要得益于其在贸易金融中的使用,而新加坡这个狭小的岛国正是东南亚的贸易金融中心。

新加坡以资产计第三大银行大华银行(United Overseas Bank)表示,其处理的人民币支付交易量在过去10个月中增长逾88%。“我们预期,在东南亚与中国之间的贸易走廊迅速成长的推动下,这一增长将持续下去,”大华银行交易银行业部门战略业务主管John Kong说。

译者/何黎

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