久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

   

Hot money inflows to be curbed

By Xin Zhiming (China Daily)
Updated: 2007-06-27 08:20

The foreign exchange regulator yesterday vowed to strengthen controls over illegal capital that has been flowing into the stock and property markets.

"Speculative capital has flown into the country under the guise of trade and investment," Deng Xianhong, deputy head of the State Administration of Foreign Exchange (SAFE), said in a statement.

"The capital inflows have, to some extent, affected the domestic macro-economic situation and healthy economic development," he said.

With the domestic market flush with excess liquidity, the authorities have been trying to block the inflow of speculative capital seeking to benefit from a rising yuan.

Some of the hot money is from short-term foreign borrowings, which is why the regulator has been keeping a close watch on short-term foreign debt, said Zhao Xijun, finance professor at Renmin University of China.

By the end of last year, the SAFE said, China's short-term foreign borrowings increased by 16 percentyear on year.

Special coverage:
Markets Watch
Red Chips Return

Related readings:
 Central bank calls for supervision of speculative capital
 Hot money inflow speeds up since Feb.
 Don't hold breath for property supply drop
 
Crusade won't cool property market Watchdog to step up crackdown on stock irregularities

About 57 percent of the foreign debt was short-term by the end of 2006, compared to 55.8 percent by the end of last June.

Hu Xiaolian, director of the SAFE, said the watchdog will launch a nationwide check on banks' control of short-term foreign debt.

Hu, who is also the vice-governor of central bank, said the priorities for the SAFE are to supervise speculative capital inflows, strengthen monitoring and management of cross-border flows, especially short-term capital flows, and control foreign capital inflows with fictitious trade background and bloated exports.

Economists are not in agreement on the exact amount of hot money in China, but some put the figure at $300 billion.

They have mostly entered the economy in the form of bank borrowings, from underground banks, bloated exports or understated imports, said Zhao.

"The checks by the foreign exchange regulator will help it figure out how the money came in before it takes countermeasures," he told China Daily.

The highly volatile speculative funds pose a big risk, said Zhuang Jian, senior economist with the Asian Development Bank.

"It will fan speculative sentiment but once it flows out abruptly, it will deal a blow to the financial system."

Since last year, the SAFE has strengthened checks on illegal capital inflows and foreign exchange settlements in goods and service trade and such sectors as real estate and tourism.

It penalized 19 Chinese and 10 foreign banks for violating rules but did not reveal details.


(For more biz stories, please visit Industry Updates)



主站蜘蛛池模板: 国产在亚洲线视频观看 | jk制服福利在线播放 | 另类亚洲孕妇分娩网址 | 欧美一级欧美三级在线 | 亚洲国产欧美在线不卡中文 | 一级视频在线免费观看 | 日韩在线不卡一区在线观看 | 国产欧美一区二区日本加勒比 | 手机在线黄色 | 兔费看全黄三级 | 二区国产 | 久9视频这里只有精品 | 国产成人18黄网站免费 | 久久精品成人免费网站 | 日韩一级在线 | 免费网站看v片在线香蕉 | 欧美一级毛片图 | 国产免费一级在线观看 | 能看毛片的网址 | 九九热播视频 | 一区二区三区免费高清视频 | 精品一区二区三区的国产在线观看 | 精品三级国产一区二区三区四区 | 国产男女乱淫真视频全程播放 | 亚洲 欧美 都市 自拍 在线 | 韩国一级永久免费观看网址 | 国产午夜三区视频在线 | 偷拍精品视频一区二区三区 | 国产成在线观看免费视频 | 亚洲高清一区二区三区 | 精品午夜寂寞黄网站在线 | 国产成人香蕉久久久久 | 亚洲欧美综合一区二区三区四区 | 黄色三级网址 | 亚洲国产精品一区二区久久 | 国产久视频 | 男人天堂成人 | 国产主播福利片在线观看 | 超清波多野结衣精品一区 | 一级特黄aa大片欧美网站 | 毛片手机在线 |