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Iron And Steel Industry News On 30th Of June

Jun. 30, 2020

HBIS Group's "Ore Supermarket" business section was officially launched in Beijing Iron Ore Trading Center, with 7 transactions on the day, totaling 481,500 tons. The establishment of the iron ore spot electronic trading system has provided a platform for HBIS Group's iron ore trading business to move from offline to online, and to explore a more fair and transparent iron ore pricing mechanism. Pan Gongsheng: Accelerate the advancement of a higher level of onshore market opening  Beijing Iron Ore Trading Center HBIS "Ore Supermarket" went online.  People's Bank of China Vice President and Director of the State Administration of Foreign Exchange Pan Gongsheng said at the 12th Lujiazui Forum on the 18th that adhere to multi-channel opening up and accelerate the promotion of a higher level of onshore The market is open. Pan Gongsheng said that he would adhere to Shanghai's basic positioning in the global financial center competition and build a financial center based on RMB financial assets. At present, my country's bond and stock market is the second largest in the world, with more than 160 trillion yuan, and has been included in many mainstream international indexes. The allocation of RMB assets by international institutions has reached 6.4 trillion yuan and has grown at an average annual rate of more than 20%. The holding of domestic RMB bond assets by foreign investors has grown at an average annual rate of nearly 40% in recent years. Next, the People's Bank of China and the Foreign Exchange Bureau will support Shanghai to take advantage of the unique advantages of RMB asset issuance and trading centers, innovate and enrich RMB financial products, expand the depth and breadth of the RMB financial market, and meet the investment and financing needs of various investors around the world.

 

People's Bank of China Vice President and Director of the State Administration of Foreign Exchange Pan Gongsheng said at the 12th Lujiazui Forum on the 18th that adhere to multi-channel opening up and accelerate the promotion of a higher level of onshore The market is open. Pan Gongsheng said that he would adhere to Shanghai's basic positioning in the global financial center competition and build a financial center based on RMB financial assets. At present, my country's bond and stock market is the second largest in the world, with more than 160 trillion yuan, and has been included in many mainstream international indexes. The allocation of RMB assets by international institutions has reached 6.4 trillion yuan and has grown at an average annual rate of more than 20%. The holding of domestic RMB bond assets by foreign investors has grown at an average annual rate of nearly 40% in recent years. Next, the People's Bank of China and the Foreign Exchange Bureau will support Shanghai to take advantage of the unique advantages of RMB asset issuance and trading centers, innovate and enrich RMB financial products, expand the depth and breadth of the RMB financial market, and meet the investment and financing needs of various investors around the world.


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