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

   

China to expand channels for capital outflow

By Han Lei (China Daily)
Updated: 2007-10-24 07:26

The State will improve management of its massive foreign exchange reserves and satisfy trade and investment needs, the top foreign exchange regulator has pledged.


Hu Xiaolian, administrator of the State Administration of Foreign Exchange. [newsphoto/file]

"We'll ensure safety and liquidity while improving profitability of the country's foreign exchange reserves," Hu Xiaolian, administrator of the State Administration of Foreign Exchange (SAFE) told China Daily on the sidelines of the 17th National Congress of the Communist Party of China.

Hu promised to expand the channels for capital outflow, in which qualified domestic institutional investors (QDII) were involved.

"Quotas for both QDII and qualified foreign institutional investors (QFII) will continue to be increased," she said.

During the Sino-US Strategic Economic Dialogue in May, China promised to triple its QFII quota to $30 billion, providing foreign players with more capital to buy domestic stocks, which are currently off-limits to foreigners, except QFII.

So far this year, SAFE has granted more than $30 billion to domestic banks, insurance firms and investment funds for overseas investment. But the actual outflow is less than this.

Capital outflow is a way to improve the imbalance in China's international payments.

In September, the country's trade surplus jumped 56 percent from a year earlier to $23.9 billion, putting the figure for the first nine months of 2007 to $185.65 billion, an increase of 69 percent year on year.

The huge influx of cash boosted China's foreign exchange reserves to $1.43 trillion by the end of September, further consolidating its position as having the world's largest foreign exchange reserves.

Some Western countries claimed this was the result of an undervalued yuan and have been piling on pressure for China to speed up its revaluation of the yuan.

Hu Xiaolian, however, resisted this interpretation.

"Appreciation (of the renminbi) alone cannot solve the problem," Hu said, citing President Hu Jintao as saying comprehensive measures must be adopted to maintain a basic equilibrium in the balance of payments.

Hu Xiaolian said China has tried to address this issue and will do so by dealing with its root cause.

She promised more openness from the Chinese side and pledged to hold more talks with the international community.

"Dialogue and mutual understanding are needed to end conflicts," she said.

Responding to the floated idea of more regions or financial institutions being involved in the pilot scheme to allow individuals to make direct investment in the overseas stock market, Hu said the authorities were considering their options.

In August, SAFE announced direct investment could be made through Bank of China branches in Tianjin Municipality.

"Relevant departments are actively improving details of the program, operation processes and formulating management rules.

"Institutions are also making preparations with regard to their technical systems, personnel, legal documentation, and investors' education," Hu said.

Asked whether China will set a threshold for individual investment, as well as a ceiling on the total amount invested through the scheme, she would not give specific numbers.

"All this has to start from China's current situation," she said.

"After all, it involves an overseas market and a new investment method, and will have a far-reaching impact."


(For more biz stories, please visit Industry Updates)



主站蜘蛛池模板: 国产精品成人一区二区三区 | 在线看福利影 | 亚洲成人av影片 | 午夜精品久久久久久久久 | 不卡的日韩av | 日韩一级在线视频 | 日本黄色一级网站 | 资源在线 | 国产精品一区一区三区 | 91无套直看片红桃在线观看 | 日韩二区三区 | 不卡的毛片 | 深夜视频在线 | japanese在线视频 | 午夜剧场成人 | 久久久久久久999 | 黄频网站在线观看 | 日韩欧美高清在线 | 日韩欧美亚洲综合 | 婷婷综合av | 99久久婷婷国产综合精品草原 | 超碰超碰| 日日摸日日 | 欧美日韩精品久久久 | 国产精品美女视频 | 激情五月激情综合网 | 欧美专区日韩专区 | 日韩成人高清视频 | 国产精品久久久久久久久久久久久久久久久 | 成人黄色在线 | 另类欧美亚洲 | 青青草97国产精品麻豆 | 久草天堂 | 91在线精品观看 | 亚洲欧洲天堂 | 五月天久久久久 | 手机在线播放av | 涩涩视频软件 | 国产精品欧美亚洲 | 亚洲专区在线播放 | 国产精品视频久久久久久久 |