Integration Of Asian Financial Markets Progressing Steadily: Report
Faizan Hashmi Published April 18, 2021 | 03:30 PM
BOAO, Hainan, (UrduPoint / Pakistan Point News - 18th Apr, 2021 ) --:The integration of Asian financial markets is progressing steadily, according to a report released by the Boao Forum for Asia (BFA) Sunday.
The BFA Asian Economic Outlook and Integration Progress Annual Report 2021 states that in 2019, the portfolio of assets attracted by Asian countries' financial markets increased by 14.24 percent, and 22 percent of the funds came from Asia itself.
Portfolio investment from China and into China increased by 29.73 percent and 21.27 percent, respectively, according to the report.
"Asian economies actively promote Currency cooperation and infrastructure interconnection.
The scale of bilateral currency swaps has reached more than 240 billion U.S. Dollars, and domestic currency cooperation among Asian economies is promoted," the report said.
In January 2021, the Japanese Yen, Chinese Yuan, Hong Kong dollar, Singapore Dollar and Thai Baht were among the top 10 currencies for global payment and settlement, it said.
International financial centers, such as Shanghai, Tokyo, Hong Kong, Singapore, Beijing and Shenzhen, have played important roles in directing global capital to Asia, serving the real economy, and supporting innovation-oriented development, the report said.
Related Topics
Recent Stories
Israel carries out attack inside Iran, report US media
Saudi Assistant Minister of Defence calls on army chief
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 19 April 2024
Today Gold Rate in Pakistan 19 April 2024
Rock-solid Ruud racks up season-leading win in Barcelona
At UN, Iran says it will make Israel 'regret' reprisals
G7 hears calls for 'critical' Ukraine aid
EU seeks to leverage might to confront China, US challenge
5 Customs officials martyred as their vehicle ambushed by terrorists in D I Khan
Pak-New Zealand match called off due to rain
NHA restores traffic on roads affected by recent rains in Balochistan
China to fully support Pakistan's efforts against terrorism: Ambassador Jiang
More Stories From Miscellaneous
-
Transforming education sector: from job hunters to job creators
3 hours ago -
Amjad Bobby remembered on 19th death anniversary for timeless contributions to music
4 days ago -
Legendary actor Nadeem’s 26 films released on Eid-ul-Fitr days in 50 years
5 days ago -
Besant Hall Cultural Centre to celebrate evening with Sanam Marvi on 26 April
5 days ago -
Radio Bahawalpur presents program “Eidi Shidi”
8 days ago -
Radio Bahawalpur to broadcast Eid programs
10 days ago
-
DC, DPO Haripur inspect bus terminals to review fares compliance
12 days ago -
Second phase of refugees’ repatriation to start after Eidul Fitr vacations
12 days ago -
Reaping bounties as Ramazan culminates
12 days ago -
Digital transformation – a boon or bane
12 days ago -
Plants’ business: Another casualty of climate change
14 days ago -
Eid shoppers prioritize children’s joy over personal comforts
14 days ago