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

中文USEUROPEAFRICAASIA

Launch zone challenges

By Andrew Moody ( China Daily ) Updated: 2013-11-11 00:18:49

May Yan, a banking analyst for Barclays Capital in Hong Kong, says it is far easier to place a border around a zone where goods are manufactured than one that applies to services and, in particular, the movement of money.

"You can actually control physical goods. There is only so much you can actually smuggle but finance is just numbers in a computer that can be switched very quickly. The wiring of money is so easy."

The "general plan" for the zone states the convertibility under the capital account will be introduced gradually through a series of trial programs as will market-orientated interest rates.

He Weiwen, co-director of the China-US/EU Study Center at the China Association of International Trade in Beijing, says the authorities are being understandably cautious.

"In the broad master plan of the free trade zone the wording referred to the full convertibility of the yuan. In the State Council's notice this wording was removed because it might be too early to say that. However, the currency will have to be convertible within the capital account, or the free trade zone will have no meaning," he says.

Simon Gleave, regional head of financial services for KPMG Asia-Pacific, based in Beijing, says the problem for the authorities is that they are attempting something completely new.

"No country has tried to open up and deregulate at this stage of its development and when it is of the scale that China is now. It is already the world's second-largest economy so to try and create a convertible currency in one go is a very big ask and a very big unknown in terms of the effect it might have," he says.

"The implications for the rest of the world of getting it wrong are quite important. That is why it is important to use some sort of pilot area which is already in the center of China's capital markets."

One of the aims of the planners is to make the FTZ attractive to multinationals and the hope is that a number of them will make the zone their Asia headquarters. Many multinationals now do the majority of their Asia business on the Chinese mainland but have their base in Singapore or Hong Kong. This involves a lot of unnecessary travel for many senior executives visiting their operations in the world's second-largest economy.

The reason why they do this is because under the current currency conversion rules they would not be able to transfer money between their various Asia locations and their headquarters, if it was in China.

If these currency restrictions were removed, it would make no difference if the headquarters were in the FTZ, Singapore or elsewhere. Money could flow freely in and out of the zone. The problem of getting money out of the rest of China would remain for the zone-based company but it would be at no disadvantage to a company based elsewhere in Asia.

He at the China-US/EU Study Center at the China Association of International Trade believes it is not clear yet whether multinationals will move to the zone.

"Most companies have their manufacturing or research and development base. To have a regional headquarters in China, you need to be able to do international settlements. This is a step in the right direction but it is too early to say."

Most Popular
Special

...
...
主站蜘蛛池模板: 久久爱噜噜噜噜久久久网 | 免费一级肉体全黄毛片 | 欧美精品久久久亚洲 | 国产精品国产三级国产专播 | 欧美综合成人 | 亚洲男人第一天堂 | 中文字幕人成不卡一区 | 男女午夜视频在线观看 | 国产欧美久久精品 | 国产精品久久久久久福利 | 中文字幕人成乱码在线观看 | 国产一级做性视频 | 精品国产一区二区三区久 | 最新99国产成人精品视频免费 | 欧美日本免费观看αv片 | 亚洲人成亚洲人成在线观看 | 黄色大秀视频 | 亚洲欧美性视频 | 午夜私人影院免费体验区 | 亚洲人成网国产最新在线 | 中国a毛片| 三级毛片在线免费观看 | 亚洲视频免费观看 | 久香草视频在线观看免费 | 亚洲国产天堂久久精品网 | 玖玖视频精品 | 国产理论视频在线观看 | 99国产精品热久久久久久夜夜嗨 | 国产伦精品一区二区三区免费 | 成人69| 免费国产成人α片 | 尤物tv已满18点击进入 | 91精品国产爱久久久久久 | 久草视频官网 | 美国一级片免费看 | 日本黄色大片免费观看 | 正在播放亚洲一区 | 一本久综合久久爱 | 欧美日韩高清 | 国产一区私人高清影院 | 成人毛片网站 |