China has been industrious this year in laying the foundations for a Sino-centric financial system. Though the realisation of Beijing’s grand design remains uncertain and far off, the thrust of its strategy is clear. First, it aims to create a renminbi zone to balance the US dollar zone that has dominated the world’s financial system since the end of the second world war. This involves encouraging the use of renminbi as a reserve currency, a unit of settlement for trade and a store of value for investors in securities. Progress on all fronts has been marked. 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.
今年以来，manbetx3.0 一直在忙着为一个以manbetx3.0 为中心的金融体系奠定基础。虽然实现北京的宏伟设计仍然既不明朗又很遥远，但其战略的主旨是明确的。首先，它力求创建一个人民币区，以抗衡自第二次世界大战结束以来主导世界金融体系的美元区。这包括鼓励使用人民币作为一种储备货币、一种结算贸易的单位、一种证券投资者的价值储存手段。迄今各方面都取得了显著进展。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。