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: 欧美又大粗又爽又黄大片视频 | 日韩一区二区三区三四区视频在线观看 | 中文字幕一区二区av | 男人天堂视频网 | 中文字幕一二区 | 在线观看免费黄色小视频 | 中文av在线播放 | 91亚洲国产精品 | aaa黄色大片 | 久操精品在线 | 中文字幕日本在线 | 一级片aaa | 一级特黄特色的免费大片视频 | 在线欧美成人 | 性欧美疯狂猛交69hd | www.色视频 | 韩国中文字幕hd久久精品 | 久久99热这里只有精品 | 黄色网页在线观看 | 国内91视频 | 久热精品视频在线播放 | 欧美性生交大片 | 97久久人国产精品婷婷 | 嫩草在线视频 | 久久一区二 | 免费av播放| 亚洲视频在线看 | 1级黄色片 | 成年人毛片 | 神马午夜精品91 | 亚洲精品aaaa | 99视频一区 | 久久aⅴ乱码一区二区三区 婷婷六月丁 | 成人综合色站 | 91精品国产综合久久久久久 | 韩国一区二区三区视频 | 国产91精品久久久久 | 五月色丁香| 成人黄色激情视频 | av在线免费网址 | 美国黄色大片 |