RMB Exchange Rate Is Low To Promote Foreign Exchange Financing

< p > < < a href= > http://www.91se91.com/news/index_c.asp > US dollar < /a > preserving capital management, investment period is 92 days.

The annual yield of 4% is $8000.

Yesterday morning, in the Construction Bank's South Road savings office, Mr. Xu carefully read a foreign exchange financial publicity leaflet.

"Exactly, I plan to change some dollars, too. I think this is more appropriate."

Mr. Xu said.

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< p > relative to the recent RMB financial products, and the expected annual yield rate of the Internet "baby Legion" often exceeds 5% or even 6%, the yield of this foreign exchange financial product is not high.

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< p > but in the view of Mr. Xu, who has long term a href= "http://www.91se91.com/news/index_c.asp" > foreign exchange investment < /a > experience, foreign exchange financing has its own advantages.

"We can't just look at the yield of paper. If we calculate the exchange rate factor, the rate of return can be more than that."

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"P > Mr. Xu calculated an account, the US dollar to RMB a href=" http://www.91se91.com/news/index_c.asp "> spot exchange rate < /a > from 6.05 in December 31, 2013 to 6.2251 yesterday, and the depreciation rate was over 3%.

"If we buy US dollar financial products at the beginning of the year and calculate the exchange rate factors, the current comprehensive rate of return is close to RMB financial products."

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< p > apart from the exchange rate factors, some foreign exchange financial products' characteristics of "capital preservation and income protection" are also one of the factors that attract consumers.

"Part of the foreign exchange financial products are guaranteed capital and earnings because they invest more in foreign currency bonds and money markets and are risk-free products."

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< p > a product manager of Haidian branch of CCB revealed.

"The only risk is exchange rate risk, that is, during the period of holding products, the US dollar depreciates. Therefore, for investors who buy products, we also suggest that they decide whether to buy them based on their judgment of the trend of the US dollar."

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< p > May 4th, the China Construction Bank, the China ASEAN cross-border RMB business center, was set up in Nanning, aiming to create a professional platform for cooperation between China and ASEAN, improve the comprehensive service level of border and cross-border financial services, and support the construction of comprehensive pilot area for financial reform along the border.

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< p > it is understood that as a regional professional institution providing cross-border RMB financial services to China Construction Bank, the center will focus on promoting cross-border RMB business development from four aspects. First, it will closely cooperate with ASEAN countries in cross-border financial cooperation in the fields of settlement, financing and capital pactions; the two is to build a channel for capital redistribution between Guangxi and Hong Kong, Macao, ASEAN and South Asian countries, and expand the clearing and clearing network; three, to promote RMB's listing of currencies in neighboring countries and facilitate trade and investment facilitation; four, to develop cross-border RMB products and support the development of the real economy.

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< p > in recent years, Guangxi branch of China Construction Bank has continuously innovating cross-border RMB business and actively serves Guangxi's economic and trade development.

In addition to the traditional clearing, clearing and financing services, the bank also launched the business innovation of the third party payment agency cross-border RMB settlement, cross-border RMB "internal loan guarantee", cross-border RMB foreign debt fund settlement and group customers cross-border RMB loans.

In 1-4 months this year, the bank has achieved cross-border RMB business volume of 11 billion 100 million yuan, an increase of 150% over the same period last year.

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