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

US EUROPE AFRICA ASIA 中文
Business / Yuan goes global

Time right for China's capital account: official

(Xinhua) Updated: 2012-02-23 16:09

BEIJING - China currently faces a strategic opportunity in opening its capital account, a central bank official has said.

The capital account, together with the current account, are two primary components of a country's balance of payments. It reflects the net change of public and private international investments flowing in and out of a country. China's capital account is partially convertible, and the country has recently been relaxing its regulations governing the field.

Opening the country's capital account will be helpful to Chinese enterprises bidding to expand globally at a time when global asset values are at a low level, Sheng Songcheng, head of the statistics department at the People's Bank of China, said Wednesday.

It will also help promote internationalization of the yuan, restructure the economy, and expand household investment channels, Sheng told the China Securities Journal.

"The risk to take the move is not big," he said, citing little likelihood of a currency mismatch in commercial banks' assets and liabilities after opening the capital account, and limited affects of price changes on foreign reserves that were largely invested in bonds.

The facts that the country's short-term external debt balance only takes a small share of total, and that debts and hazards posed by its property and capital markets are controllable also help mitigate the risk, Sheng added.

"There may never be a proper timing for pushing the reform, if the country waits until conditions mature for the interest rate and exchange rate to be decided by the market and the yuan to become a global currency," the bank official said.

While warning that making preconditions will delay the opportunity for reforms, Sheng suggested optimizing the opening sequence of capital account items, by first pushing reforms with high prospective returns and later launching more risky reforms.

For instance, the government could take one to three years to relax restrictions on outbound direct investments and three to five years to loosen controls on commercial credits, Sheng suggested.

To build the financial market, the government could in turn open its real estate sector, stock market and bond market in five to 10 years, since it's hard to identify speculation and investment demands on these markets, he said.

China has been partially relaxing its capital account regulations by reforming its exchange rate formation mechanism and pushing for wider use of the yuan in cross-border trade settlement and investment.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 亚洲激情视频网站 | 在线观看一二三区 | 成人18视频在线观看 | 欧美日韩精品久久久 | 在线天堂中文 | 性综合网| 久久黄色精品视频 | 亚洲乱码一区二区 | 毛片aaaaaa| 国产又大又黄又粗 | av大全在线观看 | 久久亚洲视频 | 日韩一二三 | 久久99精品久久久久久国产越南 | 中文有码在线播放 | 黄色a毛片 | 国内91视频 | 欧美午夜在线视频 | 成人激情视频在线观看 | 国产精品久久久久久69 | 天天操天天操天天 | av免费网址| 国产精品网页 | 欧美激情15p | 99精品免费| 成人短视频在线播放 | 在线观看国产欧美 | 一本到免费视频 | 激情爱爱网 | 亚洲精品手机在线 | 欧美激情在线播放 | 亚洲成人一级 | 久久天堂影院 | 日韩极品视频 | av最新天堂 | 最色成人网 | 福利在线观看 | 久久黄色网址 | 性xxxx另类xxⅹ | 中文字幕中出 | 一级欧美视频 |