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
Opinion / Op-Ed Contributors

Financial market reform on track

By Alan Cloete (China Daily) Updated: 2014-05-13 08:11

Deutsche Bank, which opened its seventh office in China - a sub-branch in the Pilot Free Trade Zone in Shanghai - on May 8, has a positive outlook on China's economic growth and the government's commitment to market liberalization. In fact, at 7.8 percent, our (Deutsche Bank's) economic outlook for China's GDP growth for 2014 is at the higher end of the consensus.

We also believe that reforms in the financial market, in which the bank plays a large role, are likely to occur more quickly than the broader market expects. This will have profound implications for China's financial system and its participation in the global economy.

The Chinese government's recent financial market reforms should be applauded. They include accelerating the opening up of the capital account and domestic financial markets through initiatives such as the Renminbi Qualified Foreign Institutional Investors and the recent joint in-principle approval by the China Securities Regulatory Commission and Securities and Futures Commission of the pilot Shanghai-Hong Kong Stock Connect program, which is aimed at establishing mutual stock market access between the Chinese mainland and Hong Kong.

Also, the renminbi-US dollar spot intra-day trading band has been widened from +/-1 percent to +/-2 percent, which indicates the government is committed to increasing the renminbi exchange rate flexibility and liberalizing its currency's exchange rate regulation.

The approval of the Shanghai-Hong Kong Stock Connect program demonstrates China is committed to accelerating the pace of capital account liberalization. This program is another policy milestone in the move to internationalize the renminbi, because it offers additional investment channel in the offshore renminbi circulation mechanism. It will also boost the demand for renminbi-denominated assets and promote the use of the Chinese currency for investment settlement purposes.

There is already a consensus in China on the direction of renminbi internationalization. But issues such as macroeconomic risks arising from the process and whether and how policies should promote the internationalization of the renminbi, and what pace the process should adopt remain subjects of debate. Our view is that there are three main areas of development that need to be addressed to enable the renminbi internationalization process to proceed smoothly.

Previous Page 1 2 Next Page

Most Viewed Today's Top News
...
主站蜘蛛池模板: 91精品综合 | 特级淫片国产免费高清视频 | 免费国产成人高清在线观看视频 | 亚洲日本在线观看网址 | 9久久99久久久精品齐齐综合色圆 | 日本精品高清一区二区不卡 | 一区二区三区高清在线 | 久久99国产精品久久99无号码 | 在线免费视频国产 | 偷柏自拍亚洲欧美综合在线图 | 国产人成精品综合欧美成人 | a一区二区三区视频 | 国产高清在线精品一区在线 | 黑人巨大交牲老太 | 国产精品久久久久久久福利院 | 久草免费资源在线 | 99视频国产热精品视频 | 国产成人精品久久 | 久久久国产99久久国产久 | 美女一级ba大片免色野外 | 三级精品在线观看 | 日韩中文字幕网 | 日本一区二区不卡视频 | 国产欧美日韩精品a在线观看 | 亚洲一区免费在线观看 | 国产一区二区三区在线观看视频 | 欧美一级美片在线观看免费 | 亚洲国产成人久久综合碰 | 日本特级视频 | 日本久草网 | v片免费看| 日韩三级黄色 | 成人国产永久福利看片 | 国产一区精品在线 | 在线视频三区 | 免费一级做a爰片久久毛片 免费一级做a爰片性色毛片 | 在线视频一区二区三区 | 九色97 | a级午夜毛片免费一区二区 a级性生活视频 | 一区二区三区免费观看 | 国产精品一区二区久久精品 |