日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

BIZCHINA> News
Banks to hold more foreign currency reserves
(Shenzhen Daily)
Updated: 2007-05-09 14:22
The central bank raised the amount of foreign currencies that lenders must keep as reserves, seeking to cool the world's fastest-growing major economy.

Banks must keep 5 percent of their foreign-currency deposits as reserves starting yesterday, up from four percent, according to a People's Bank of China circular to lenders. The increase will remove about US$1.7 billion from the economy.

The decision will make less of the US$165 billion of foreign-currency deposits as of March 31 available for lending and investment in the stock market, which surged to a record yesterday. It may also ease pressure for appreciation of the Chinese yuan, which has gained 7.5 percent since July, 2005.

"The central bank probably wants to curb excess liquidity and indirectly ease the pressure on the yuan to rise," said Guo Zhaoyang, a foreign-exchange analyst at China Everbright Bank in Guangzhou. "Too many people may have converted their foreign currencies blindly into the yuan."

China's currency reserves surged by a record US$136 billion in the first quarter to US$1.2 trillion, partly as banks converted proceeds of overseas initial public offerings (IPOs) into yuan. There was a "rush" to bring home cash after Chinese companies raised nearly US$60 billion from IPOs last year, twice as much as in 2005, HSBC Holdings PLC wrote in an April 18 report.

The People's Bank of China, the central bank, said it hadn't issued a public statement concerning a change in reserve requirements. The circular came after the central bank on April 29 raised banks' local currency reserve requirement ratio for the seventh time in 11 months.

The benchmark Hushen 300 Index, which tracks yuan-denominated A shares listed on China's two exchanges, rose 3.6 percent to close at a record 3686.03.

The yuan closed above 7.70 for the first time since the end of a fixed exchange rate to the US dollar in July 2005. The currency gained 0.1 percent to 7.6960 against the US dollar at 5:30pm, according to the China Foreign Exchange Trade System.

"The bigger news is what's going on with the yuan, given they accelerated the pace of appreciation today (Tuesday)," said Steve Rowles, an analyst with CFC Seymour Ltd in Hong Kong. "The story is inflation could be just coming into the China market and a stronger currency could help tackle that."

Rowles said the figure may also suggest data due out in coming days will be stronger than economists expect, pointing to "overheating."


(For more biz stories, please visit Industries)
主站蜘蛛池模板: 国产黄色免费观看 | 久久婷婷六月 | 青青视频二区 | 日韩免费播放 | 农村妇女精品一区二区 | 91亚洲视频在线观看 | 日韩精品免费 | 麻豆精品网站 | 超碰自拍97 | 欧美黄色大片在线观看 | 国产一级免费看 | 国产一区在线视频观看 | 九九热视频这里只有精品 | 久久福利片 | 日韩中文字幕视频 | 国产午夜大片 | 久久免费精彩视频 | 青娱乐成人 | 少妇特黄a一区二区三区 | av网站免费在线 | 国产黄色免费观看 | 亚洲天堂网在线观看 | 亚洲在线视频免费观看 | 国产精品久久99 | 国产在线视频一区二区三区 | 色吊丝中文字幕 | 国产精品麻豆视频 | 欧美国产日韩一区二区三区 | 91中文在线观看 | 国产高清视频在线播放 | 国产精品久久久免费观看 | 欧美日韩三级在线 | cao在线| 欧美国产中文字幕 | 亚洲天堂免费观看 | 天天艹夜夜艹 | 中文字幕一级片 | 亚洲午夜免费视频 | 日本黄色小视频在线观看 | 青青青视频在线免费观看 | 国产精品国色综合久久 |