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

OLYMPICS / Spotlight

Where will hot money go?
By Rong Xiandong
Chinadaily.com.cn Staff Writer
Updated: 2008-08-07 22:22

 

Analysts noted that speculative funds, which have greatly profited from China's robust economic growth and once-sizzling property market in the past several years, might withdraw from China as the Chinese currency, the renminbi, reaches the peak of the current cycle of appreciation.

The renminbi has gained 7 percent against the dollar this year and 21 percent since a fixed exchange rate was discontinued in July 2005, making it the best performer among Asian currencies.

International speculative funds have rushed to China to bet on a strong yuan, taking advantages of the differences between China's interest rates and the US levels.


Li Daokui, dean of the Finance Department of the prestigious Tsinghua University [File photo]

Li Daokui, dean of the Finance Department of the prestigious Tsinghua University, echoed Li Youhuan's view. He said: "China should remain wary of hot money inflows turning into outflows, although the continued subprime credit crunch and the new turmoil in the financial markets in the US reduce the risks of hot money flowing out of China."

He noted short-term speculative capital outflows are more risky than inflows, as the latter only pushes up product and asset prices and stokes inflation, while sudden outflows of a large amount of hot money at the same time will pose a threat to the financial markets and the national economy.

Therefore, he suggested the government tighten control of hot money outflows to effectively curb hot money speculation as speculative capital will hesitate to enter China if it has difficulty to exit the country.

In an effort to tighten scrutiny over hot money, the government announced new rules last month to make it mandatory for companies to provide evidence to the State Administration of Foreign Exchange for verification from July 14.

Exporters are required to park their export receipts in temporary verification accounts till they are cleared as genuine trade revenue. The Ministry of Commerce and the General Administration of Customs will work with the foreign exchange regulator in implementing the new rules through a nationwide computerized network.

In its latest move to check hot money flows, the government issued revised rules on the management of foreign exchange on August 6, 2008, which mete out heavy penalties for improper currency transfer and conversion.

According to the new regulations, unauthorized inward or outward transfers of foreign exchange will face penalties of up to 30 percent of the capital. The rules took effect immediately.

   Previous 1 2 3 Next  
Comments of the article(total ) Print This Article E-mail
主站蜘蛛池模板: 欧美一级日韩 | 日韩经典中文字幕 | 日本a在线观看 | 午夜性色福利视频 | 日韩欧美小说 | 国产 欧美 自拍 | 视频一区二区在线播放 | 色综合网站 | 愉拍自拍| 免费视频一区二区 | 日本三日本三级少妇三级66 | 神马久久影院 | 国产综合精品在线 | 初体验3在线观看 | 天天做夜夜爽 | 一区二区三区视频在线 | 国产乱真实合集 | 午夜视频在线观看一区 | 一区二区国产在线 | 色噜噜日韩精品欧美一区二区 | 欧美三级小说 | www麻豆 | 亚洲一级淫片 | 全黄一级播放 | 福利视频在线免费观看 | 精品国产99久久久久久宅男i | 成人免费毛片片v | 看av网站| 亚洲欧美强伦一区二区 | 欧美日韩a v| 日韩免费精品视频 | 亚洲片在线 | 天天色网站 | 国产一区二区三区视频免费观看 | 欧美视频黄 | 艳母免费在线观看 | 亚洲大片在线观看 | 国产超碰在线观看 | 爱草在线| 成人免费毛片果冻 | 亚洲视频网 |