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

Forex funds complicate monetary policies

Updated: 2011-09-22 10:02

(Xinhua)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

BEIJING - Rapid growth in outstanding yuan-denominated foreign exchange funds is becoming a problem for monetary authorities in their attempts to create policies that can serve both economic growth and inflation control.

The People's Bank of China (PBOC), the country's central bank, on?Sept 21?said that increased yuan-denominated funds stemming from foreign exchanges rose to a five-month high of 376.94 billion yuan ($59.1 billion) in August.

The figure represented a sharp rise of 72 percent month-on-month. As of the end of August, the nation's total yuan-denominated funds outstanding for foreign exchanges stood at 25.26 trillion yuan.

Analysts say the increasing funds have triggered an alarm, warning authorities about a massive influx of speculative foreign capital. China has become a hot spot for global speculators seeking profits in recent years, leading the government to boost its efforts to crack down on the influx of "hot money."

A trade surplus, foreign direct investment (FDI) and foreign capital are three major sources of yuan-denominated funds outstanding for foreign exchanges in China.

Government figures released earlier this month showed that the trade surplus stood at $17.76 billion in August, while FDI reached $8.45 billion.

Analysts say global liquidity flowed out of developed economies to newly emerging economies in August amid the European and US debt crises and turmoil in the financial markets of developed countries.

E Yongjian, a financial researcher from the Bank of Communications, said the surging funds are a sign that the flow of global liquidity is becoming more complicated. The increasing funds have created more pressure on China to control inflation. The consumer price index, a major gauge of inflation, rose 6.2 percent last month, well above the government's 4-percent target for the full year.

To lock up more liquidity in the market and contain inflation, the central bank its raised reserve requirement ratio (RRR) six times for banks in the first half of this year.

PBOC deputy governor Hu Xiaolian said that hiking the bank's RRR played an important role in offsetting new liquidity stemming from foreign exchange influxes.

However, E Yongjian said the central bank may not continue to hike the ratio, as the tight monetary policies that are currently in place are already making it more difficult for small- and mid-sized companies to borrow from banks. Analysts expect the central bank to resort to open market operations to regulate the monetary market.

主站蜘蛛池模板: 欧美日韩国产在线 | zzjj国产| 久久久久人| 黄色大片91 | 亚洲在线免费视频 | 视频一区二区中文字幕 | 午夜免费福利 | 国产精品呻吟 | 国产精品一线 | 亚洲成人免费av | 在线不卡日本 | 欧美乱妇狂野欧美视频 | 久久影院中文字幕 | 国产精品免费看 | av青草| 欧美黑吊大战白妞 | 日本乱码视频 | 久久久久久久久久免费视频 | 欧美精品久久久久久久久46p | 日本黄色精品 | 国产成人自拍视频在线 | 欧美亚洲在线 | 在线免费av网站 | 日韩在线观看一区 | 久久精品99国产精 | 精品久久久久久中文字幕 | 欧美天堂在线观看 | 日韩在线观看免费网站 | 人人插人人搞 | 日本久久久久久久久久久 | 日韩欧美国产高清 | 精品一区二区三区蜜桃在线 | 亚洲免费网站 | 国产精品日韩欧美一区二区三区 | 黄色av网站免费 | 国产成人综合欧美精品久久 | 91精品免费在线观看 | 国产色一区 | 国产女人呻吟高潮抽搐声 | 亚洲影视精品 | 在线观看av网站 |