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

US EUROPE AFRICA ASIA 中文
Business / Economy

Watchdog says outflows of capital 'normal'

By ZHENG YANGPENG (China Daily) Updated: 2015-10-23 07:35

Watchdog says outflows of capital 'normal'

A Chinese resident displays his Chinese currency and US dollar banknotes in Qionghai city, South China's Hainan province, March 15, 2014. [Photo/IC]


Chinese individuals hold foreign currency in anticipation of the depreciation of the yuan?

Chinese enterprises and individuals are willing to hold foreign currency in anticipation of the depreciation of the yuan, but the top regulator said that does not equal a massive capital flight.

Statistics released by the State Administration of Foreign Exchange on Thursday showed China's commercial banks sold a net 729.6 billion yuan ($114.9 billion) of foreign exchange on behalf of clients in September, cooling from August's 807 billion yuan but still the second highest this year.

By comparison, in the second quarter banks just sold a net $4.6 billion on a monthly average level, while the figure in the third quarter was $65.4 billion, showing that favor for the US dollar (and aversion for the yuan) has not waned.

However, the deputy head of the State Administration of Foreign Exchange, Wang Xiaoyi, told a news conference on Thursday that the money outflows are "normal" and not a sign of panicked capital flight, and that China is confident in keeping international payments and receipts balanced.

"When companies receive foreign currencies, they are not destined to spend them overseas. They can use them to pay for imported goods, repay their onshore forex debt, or deposit them in domestic banks,"Wang said. Enterprises also showed a greater willingness for out-bound investment, which does not equate to panic-induced capital outflow, he said.

That said, China has announced some measures to curb yuan speculation. Wang said China is considering forex transaction fees to curb large, short-term cross-border capital flows. Central bank Deputy Governor Yi Gang made the same proposal in early October to deter currency speculators.

Wang also defended the central bank's intervention to keep the yuan steady after the yuan depreciated by 1.9 percent on Aug 11, triggering investors to bet against it. Now the market has returned to calm.

"Expectations have stabilized and the market believes the economic fundamentals do not support long-term depreciation, so arbitrage eased," he said. The yuan has strengthened 1.6 percent since a record low on Aug 12.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 宅女深夜福利视频在线 | 欧美成人在线网站 | www欧美com| 欧美日韩精品一区二区三区不卡 | 免费特黄一区二区三区视频一 | 国产欧美日韩精品第三区 | 中国女人毛茸茸免费视频 | 成年人视频在线观看免费 | 亚欧精品一区二区三区 | 日本一区深夜影院深a | 国产高清一区二区三区四区 | 国产女王vk | 精品国产乱码久久久久久一区二区 | 国产黄a三级三级三级 | 男人天堂网在线观看 | 亚洲成人在线视频播放 | 狠狠色狠狠色狠狠五月ady | 国产精品视_精品国产免费 国产精品视频久 | 成人午夜做爰视频免费看 | 亚洲九九夜夜 | 操碰91| 天天爱天天做天天爽天天躁 | 九九精品视频一区在线 | 黄色美女免费 | 久久久9999久久精品小说 | 国产婷婷一区二区三区 | 国产综合视频在线观看一区 | 国产成人精品免费视频大全软件 | 特级做a爰片毛片免费看一区 | 成人毛片免费观看视频大全 | 亚洲国产一区在线 | 国产上床视频 | 国产成人一区免费观看 | 欧美视频一二三区 | 国产欧美日韩精品第三区 | 香蕉久久久久久狠狠色 | 男子操女子 | 国产高清视频a在线大全 | 午夜国产高清精品一区免费 | 国产成人小视频在线观看 | 久久久久久久国产精品影院 |