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

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Macro

China's cross-border capital flow stable: SAFE

Xinhua | Updated: 2016-12-09 00:27

China's cross-border capital flow stable: SAFE

An employee at a bank counter in Nantong, Jiangsu province, counts renminbi and dollars. [Photo/China Daily]

BEIJING - China's cross-border capital flow has remained stable with no surges in foreign exchange (forex) purchases, the State Administration of Foreign Exchange (SAFE) said, responding to rising concerns about capital flight after a sharp fall in the government's forex reserves.

China's forex reserves dropped for the fifth straight month in November, standing at $3.05 trillion, the SAFE said on Thursday.

The figure is the largest monthly drop since January this year, and it brings the reserves to the lowest level since March 2011.

The SAFE, through an anonymous official, dismissed huge pressures of capital outflow, saying the situation is still controllable.

November's forex sales deficits in banks, although increasing month on month, were still substantially lower than the beginning of 2016, when the Federal Reserve raised US interest rates, the official said.

"We have not found any surges in forex demand from either businesses or individuals," the official said. "Under the capital account, most companies still purchase forex according to schedule, while in terms of portfolio investment there is a surplus for QFIIs."

The official acknowledged that individuals bought more forex last month due to cross-border shopping sprees but said the increase was actually lower than the average level in recent years.

Chinese investment bank CICC attributed the forex declines to a strong US dollar backed by expectations of an interest rate hike of the Federal Reserve, which has put the Chinese yuan under downward pressure. Last month, the yuan fell 1.69 percent versus the dollar, but has been relatively stable against a basket of other currencies.

The official said there is a solid basis for cross-border capital flow to remain stable, citing less pressure from external debts, an opening inter-bank bond market bolstered by the yuan's inclusion into the IMF's reserve basket, and a stable yuan exchange rate index.

"The stronger US dollar has appeared to be the only factor influencing China's capital flow as the sound economic fundamentals have not changed," the official said.

The official cited China's steady GDP growth, a current account surplus, abundant forex reserves, sound fiscal conditions, stable financial systems, and new growth momentum created by economic reforms.

The official reiterated that regulators will continue to crack down on illegal capital transfer disguised as outbound investment.

Chinese authorities said on Tuesday that they are closely monitoring "irrational" overseas investment activities.

The official cited four forms of such activities: newly established firms investing overseas without real business; company investment volume that substantially outweighs its registered capital; investment targets unrelated to a company's main business; abnormal sources of company capital related to suspected illegal asset transfers and underground lending.

SAFE will continue to support capable and qualified businesses to carry out outbound investment activities in accordance with regulations, the official stressed.

The official also warned of irregular forex purchases by individuals and said it will cancel forex purchase quotas for two years for those involved in serious violations.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 香蕉国产在线 | 国产 日韩 欧美 精品 | 狠狠搞狠狠干 | 视频一区二区在线播放 | 天天操天天干天天干 | 欧美肥老妇| 一区二区三区精品 | 麻豆久久久久久 | 91精品久久久久久粉嫩 | a级网站在线观看 | 经典久久| 欧美黄色一级视频 | 成人手机在线免费视频 | 欧美色噜噜 | 国产一区二区视频免费观看 | 日韩中出在线 | 亚欧精品在线 | 超碰一区二区三区 | 99热免费| 欧美性猛交乱大交 | 国产精品69毛片高清亚洲 | 最近中文字幕在线中文高清版 | 91久久久久久 | 午夜伦理福利 | 精品视频区 | 毛片毛片毛片毛片毛片 | 精品热久久 | 日本免费一级片 | 男女羞羞免费视频 | 日韩成人精品一区二区 | 亚洲激情一区 | 99久久精品国产一区二区成人 | 好吊操视频这里只有精品 | 欧美jizz| 在线观看中文字幕一区 | 久久久91视频 | 天天艹夜夜 | 久久影院中文字幕 | 国产不卡在线观看视频 | 99热这里| 久久在线观看视频 |