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China invited to use Sri Lanka for Yuan Internationalization

Rana

Rana: Top contributor; Posts : 1786
Join date : 2015-12-16

Post n°1

China invited to use Sri Lanka for Yuan Internationalization

by Rana Wed Mar 02, 2016 11:32 am

ECONOMYNEXT - Sri Lanka has said invited China to use a proposed offshore banking centre in Colombo as a platform to 'internationalize' the Renminbi, during meeting with Chinese lenders, a statement said.

Sri Lanka's Minister of Development Strategies and International Trade Malik Samarawickrama, had conveyed the message during meetings in Beijing with Chinese officials, a statement from Sri Lanka's state investment promotion agency said.

Samarawickrama had met Hu Xiaolian, Chairperson, Exim Bank of China and Zhen Zhijie, Governor, China Development Bank who were major lenders to Sri Lanka in the recent past.

The proposed Colombo International Financial Centre is expected to be government by British law like Hong Kong. (Colombo/Mar02/2016)

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