离岸人民币

从收益率角度看，能以真正有竞争力的利率提供离岸人民币的银行，将从每一笔交易中获得收益。

From a margins perspective , banks able to offer CNH at really competitive rates will reap the benefits on every trade .

他说：此外，离岸人民币使用渠道的不断发展，使得资金能够更容易地流回中国内地，我们认为这会继续对（香港的）系统流动性造成压力。

Moreover , continued development of more CNH usage channels allows for easier repatriation of funds to China , which we believe will continue to place pressure on system liquidity [ in Hong Kong ] , he said .

被称为点心债（DimSumbond）的离岸人民币债券市场的壮大，也发挥了类似作用。

The rise of the offshore renminbi bond market – known as dim sum bonds – has also helped .

汇丰银行（hsbc）则表示，过去一年中该行在伦敦的离岸人民币交易规模增长了40%。

HSBC said offshore renminbi trades in London rose 40 per cent in the past year .

中国中央国债登记结算公司（ChinaCentralDepositoryandClearingCorporation）数据显示，外国投资者如今持有的在岸中国债券多于离岸人民币债券，后者即所谓的点心债券。

Foreigners now hold more onshore Chinese debt than offshore renminbi bonds known as dim sum bonds according to data from the China Central Depository and Clearing Corporation .

尽管亚洲多数信贷市场在2012年蓬勃发展，但离岸人民币债券被称为“点心债券”（dimsum）的表现却好似坐过山车。

While most Asian credit markets boomed in 2012 , offshore renminbi bonds known as " dim sum " bonds endured a rollercoaster ride .

亚洲开发银行（asiandevelopmentbank）和国际金融公司（internationalfinancecorporation）计划在香港发行人民币计价债券，此举可能大幅提振中国正在开发的离岸人民币债券市场。

Plans by the Asian Development Bank and International Finance Corporation to issue renminbi-denominated bonds in Hong Kong could provide a big boost to the fledgling market in offshore renminbi debt being developed by China .

道明证券（TDSecurities）驻新加坡的分析师雷蒙德•洪表示，离岸人民币交易是抗击中国通胀的一种方式。

Raymond hung , an analyst with TD securities in Singapore , says offshore RMB trading serves as a way to counter Chinese inflation .

cme称，将在未来数月启动自己的离岸人民币期货业务，但没有指定具体日期。

CME said its alternative will launch in the coming months , without specifying a date .

KenWeiWong说，随着人民币国际化程度的提高，他预计有更多央行会参与离岸人民币市场。

Mr. Wong said he expects more central banks to participate in the offshore yuan market as the Chinese currency becomes more internationalized .

中国有关部门还指定中国工商银行（icbc）为在新加坡处理离岸人民币交易的唯一清算银行。

Chinese authorities also picked Industrial & Commercial Bank of China to act as sole clearing bank to handle offshore renminbi transactions in Singapore .

正如德意志银行（deutschebank）所指出，香港已成为离岸人民币产品的“定价中心”，离岸人民币汇率和债券收益率几乎全部是在香港确立的。

As Deutsche Bank notes , the city has become the " pricing centre " for offshore renminbi products , with the setting of offshore renminbi exchange rates and bond yields almost wholly based there .

就在不久前，英国财相乔治奥斯本（georgeosborne）还寻求提高伦敦作为离岸人民币交易中心的地位。

The letter comes shortly after George Osborne , UK chancellor of the exchequer , sought to raise the profile of London as an offshore hub for Renminbi trading .

人民币合格境外机构投资者（RQFII）制度的发展，在一定程度上增加了市场对离岸人民币的需求。

The growth of the renminbi QFII ( RQFII ) programme , has increased demand somewhat .

其中一些是之前提到过的，比如香港首只可直接投资于内地股市的交易所交易基金（ETF），扩大离岸人民币债券发行。

Some are iterative , such as the first Hong Kong listed exchange traded funds to invest directly in Chinese stocks , or expansion of offshore renminbi bonds issuance .

按照新的机制，使用swift网络处理衍生品交易和外汇市场及货币市场交易的银行，可订立相关条款，指定它们的离岸人民币交易须遵守一项特别的“中断事件协定”。

Under the new mechanism , banks using the swift network to process transactions in foreign exchange markets , money markets , and derivatives can specify that their offshore renminbi trades are subject to a special " disruption event agreement " .

目前，基金公司主要通过人民币合格境外机构投资者（RQFII）项目，将离岸人民币资金投入内地资本市场。

Currently the main channel through which fund companies can invest offshore renminbi in mainland capital markets is the Renminbi Qualified Foreign Institutional Investor programme .

中国银行（BoC）表示其强烈支持伦敦成为香港之后的下一个离岸人民币交易中心。渣打银行行政总裁冼博德（PeterSands）则表示，伦敦遇上了一个不应错过的绝佳机会。

Bank of China said it it strongly supports London to be the next offshore RMB trading centre , after Hong Kong , while Peter Sands , Standard Chartered chief executive , said London had a unique opportunity that should not be missed .

例如，信用评级机构穆迪（Moody’s）昨日表示，今年头九个月离岸人民币债券发行总量增至创纪录的4510亿元人民币，高于2013年全年的3760亿元人民币。

Issuance of offshore renminbi bonds , for instance , rose to a record Rmb451bn in the first nine months of the year , from Rmb376bn in all of 2013 , Moody 's , the credit rating agency , said yesterday .

CME表示，将把其接受的人民币金额上限定在1亿美元，这是一个相对较小的数字，反映这样一个事实：离岸人民币只有短短几年历史，其流动性不如多数主要货币。

CME said it would cap the amount of renminbi it accepts at $ 100m , a relatively small figure , reflecting the fact that offshore renminbi is only a few years old and is less liquid than most major currencies .

她还说：不过由于担心CNH货币市场产品（离岸人民币）的流动性问题，这只基金获准投资的产品仅限于存款领域。

However , due to the concern about the liquidity issue of the CNH money market products [ the offshore RMB ] , the fund was approved with deposits being the only eligible investment .

当地公司在筹集离岸人民币方面会得到帮助。

Its firms will be given help in raising yuan offshore .

国际中心货币、离岸人民币市场与人民币国际化

World Center Money , Offshore RMB Market and Internationalization of RMB

离岸人民币债券市场明显更加有利可图。

The offshore market for renminbi-denominated bonds has proved much more lucrative .

离岸人民币市场与人民币的国际化进程

Off-shore RMB business market and RMB 's Internationalized process

在岸和离岸人民币都不能自由兑换。

The onshore and offshore versions of the renminbi are not freely exchangeable .

安排一家清算行是发展离岸人民币业务的关键一步。

Opening a clearing bank is a critical step in developing an offshore yuan-based business .

在离岸人民币市场，这些合约的期限通常是6至12个月。

These contracts typically run for six to 12 months in the offshore renminbi market .

他首先指出，离岸人民币使用量的增长已经停滞。

For a start , he says , growth in offshore renminbi use has stalled .

离岸人民币非交割远期与境内即期汇率价格的互动：改革前后

PRICE TRACK Interaction between Onshore Spot Rate and Offshore Non-deliverable Forward : Before and After Reform