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: 欧美日韩aaa | 午夜激情在线 | 伊人365 | а天堂中文在线资源 | 成人免费看片' | 国产区一区二区三区 | 日韩精品在线一区二区三区 | 中文字幕有码视频 | 亚洲视频国产精品 | 欧美一区日韩一区 | 欧美成视频 | 日韩和欧美的一区二区 | 国产亚洲精品久久久久久无几年桃 | 国产成人三级在线观看视频 | 精品热久久 | 人人澡人人射 | 国产一区二区三区视频在线观看 | 色接久久| 成人精品三级av在线看 | 久热在线视频 | av片播放| 四虎视频 | 久久国产精品免费观看 | 日本亚洲一区二区三区 | 日韩在线观看网站 | 日韩毛片一级 | 国产午夜影院 | 欧美成人精品激情在线观看 | 亚洲一区二区三区精品视频 | 四虎影视av | 宅男视频污 | 天堂色在线 | 成人午夜免费影院 | 亚洲在线视频播放 | 国产黄色在线看 | 久久国产成人精品av | 日韩视频a| xxxx国产视频 | 香蕉视频在线观看视频 | 四虎影视在线播放 | 蜜桃av一区 |