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

Make me your Homepage
left corner left corner
China Daily Website

Reforms to give more weight to capital exports

Updated: 2012-11-30 12:46
By Chen Jia (China Daily)

The next significant opportunity in China's financial reform is promoting capital exports instead of imports, and raising the value of financial and monetary assets, said Charles Li, CEO of Hong Kong Exchanges and Clearing Ltd.

The target of this "capital going-out" process is strengthening the global influence of the yuan, rather than simply seeking capital returns, Li said on Thursday at an economic forum hosted by Caijing magazine.

"It will be the third wave of China's opening-up after the surge of foreign trade and overseas mergers and acquisitions," Li said.

Large capital relief is expected on the premise of the capital market's opening as well as exchange rate reform, he said. Capital relief can also enhance yuan-settled cross-border trade and facilitate overseas M&A biddings.

Reforms to give more weight to capital exports

Charles Li, CEO of Hong Kong Exchanges and Clearing Ltd

"The first stage of renminbi internationalization has started, but it seems the impetus is not strong enough now to push it to the next level," Li said.

One of the 12 most expected reform areas voted in a survey is achieving yuan-free convertibility in capital items, according to Qin Xiao, the former chairman of China Merchants Group and now the chairman of the board of Boyuan Foundation, an organization focusing on economic and social research.

"An increasing number of people now have confidence about the capital opening, and they though it won't take too much time," Qin said.

Ma Jun, the managing director and chief economist for China of Deutsche Bank, also was optimistic. "We have made a quantitative analysis, and the result showed that opening the capital system will have less effect on the net capital flow and renminbi exchange rate than they worried about," Ma said.

An excess of worry among policy makers has obstructed the free flow of capital, Ma said. "It needs to do research to gauge the potential risks and remove unnecessary fears of the reform."

Ma suggested hastening the development of the market for the renminbi-denominated bond, which is also known as the "dim sum bond." "It is a way to transfer the country's overseas assets into renminbi denominated and reduces the exchange rate risk," Ma said.

It is also expected to open the bond system to foreign interbank debt markets, which means allowing more foreign financial institutions to issue bonds in China, and they can also hold more RMB bonds issued by Chinese government and companies, he added.

Investors overseas have shown their revived appetite for financial product after the yuan recently climbed to a 19-year high and China's new leadership pledged to further carry out reform and open up the economy.

Only banks in the Chinese mainland and Hong Kong could issue the dim sum bonds until July 2010.

chenjia1@chinadaily.com.cn

 
 
...
主站蜘蛛池模板: 四虎新网址 | 国产剧情久久久 | 亚洲色图88 | 99re在线视频播放 | 久久久中文字幕 | 黄色大片在线看 | 自拍偷在线精品自拍偷无码专区 | 日韩免费在线视频观看 | 国产精品成人aaaa在线 | 亚洲综合在线视频 | www.黄色片 | 亚洲天堂aaa | 久久久久国| 97操碰 | 蜜臀久久99精品久久一区二区 | 免费观看毛片网站 | 激情自拍偷拍 | 在线免费观看黄网站 | 日本在线视频一区二区 | 精品视频久久久久 | 久久天天综合 | 久久国产精彩视频 | 日日躁夜夜躁狠狠躁 | 亚洲欧美日韩综合在线 | 日韩一区2区 | 免费黄色成人 | 亚洲一级大片 | 亚洲毛片在线观看 | 久久久久国产一区二区三区 | 牛牛av在线 | 黄色成人影视 | 亚洲精品观看 | 欧美性色网| 日本一本不卡 | 色涩网站 | 在线免费观看亚洲 | 日韩成人一区二区 | 五月天av影院 | 亚洲成av人影院 | 国产伦精品一区二区三区视频网站 | 亚洲综合一区二区 |