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

Economy

PBOC governor says foreign reserves excessive

(Agencies)
Updated: 2011-04-19 14:13
Large Medium Small

China's huge stockpile of foreign exchange reserves, the world's largest, have become excessive and the government must diversify investments using the reserves, Zhou Xiaochuan, governor of the People's Bank of China, said in comments published on Tuesday.

The country's foreign exchange reserves swelled by nearly $200 billion in the first quarter of this year to more than $3 trillion, indicating hefty capital inflows, and the government has so far focused on investing mainly in US dollar assets, including US Treasures.

Related readings:
PBOC governor says foreign reserves excessive PBOC drains 83b yuan from money market
PBOC governor says foreign reserves excessive PBOC sets social financing at 14t yuan
PBOC governor says foreign reserves excessive China to further open up its financial market: PBOC
PBOC governor says foreign reserves excessive PBOC does 107b yuan repos, injects 28b yuan to market

"Foreign exchange reserves have exceeded our country's rational demand, and too much accumulation has caused excessive liquidity in our markets, adding to the pressure of the central bank's sterilization," Zhou was quoted by the official Shanghai Securities News as saying.

"The State Council has required a cut in excessive accumulation and good management of the funds accumulated, including diversification of investments," Zhou was quoted as telling a forum at Tsinghua University in Beijing.

To keep the yuan exchange rate stable in a capital account control system, the PBOC injects huge amounts of yuan into the banking system by buying foreign currencies from commercial banks.

The central bank then soaks up the excess yuan in the system via open-market operations and higher bank deposit reserve requirements. This is to prevent the money from flowing into the economy and fuelling inflation.

The newspaper did not quote Zhou as giving any details on the diversification of foreign exchange reserve use, although Chinese economists have urged the government to buy more assets in other currencies, such as euro and yen, as well as to invest in strategic goods such as oil and non-ferrous metals.

Commenting on other aspects of China's economy, Zhou was quoted as saying that the central government was considering letting local authorities issue municipal bonds for the first time as the main avenue for future financing of regional infrastructure construction.

Local governments have so far relied mainly on sales of land for such financing, supported by quasi-treasury bonds issued by the central government on their behalf or special funds.

That has helped inflate China's real estate prices and caused strong resistance from regional authorities to steps from the central government to cool the property market, among other problems.

分享按鈕
主站蜘蛛池模板: 亚洲成网站 | 精品一区二区三区视频 | 国产最新精品 | www国产精品 | 亚洲三级黄色 | 黑人操日本 | 午夜视频在线观看一区 | 福利视频在线免费观看 | 亚洲伦理在线 | 精品美女视频在线观看免费软件 | 亚洲欧美在线综合 | 日本在线精品 | 成人毛片在线观看 | 中文字幕狠狠 | 成人三级在线 | 天天干天天操天天操 | 国产传媒在线看 | 天天操天天看 | 亚洲欧美日韩高清 | 在线观看的av| 亚洲性图第一页 | 我想看黄色大片 | 99视频+国产日韩欧美 | 国产精品嫩草久久久久 | 日韩精品视频免费 | 久久久午夜 | 国产视频二 | 国产精品久久网站 | 日韩精品一区不卡 | 亚洲免费天堂 | 国产成人精品久久二区二区91 | 欧美三级视频在线 | 中文字幕一区二区视频 | 久久男女 | 亚洲麻豆 | 毛片网站视频 | 91麻豆成人精品国产 | 久久综合伊人77777蜜臀 | 欧洲亚洲视频 | 成人手机在线播放 | 国产成人免费观看视频 |