www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

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

New rules to help curb speculative outflow of yuan

By Wang Yanfei | China Daily | Updated: 2016-12-02 08:06

New rules to help curb speculative outflow of yuan

A clerk counts money for a client at an Agricultural Bank of China branch in Hainan province. [Photo/IC]

The central bank has drawn up new guidelines to strengthen inspections of domestic companies that make yuan loans overseas, the latest move to curb speculative shifting of yuan amid short-term depreciation pressure, a source with the bank said on Thursday.

Lenders must register with local foreign exchange regulative bodies in China before issuing loans overseas, and the amount of the loans should not exceed 30 percent of net assets of the lender, according to the source, who requested anonymity.

The guideline is among many methods that the central bank could use to enhance management of speculative capital flow, the source said.

Sun Haibo, CEO of Shanghai-based Faxun Financial Regulation and Law Co, a financial law consulting company, said that implementation of the guideline "will be the first time that the central bank has set up a ceiling amount for yuan-denominated loans that lenders are allowed to issue overseas."

The central bank has become aware of the risks brought by speculative behavior through moving yuan out of the country, Sun added.

"Issuing loans overseas is a rather simple way to move money out compared with other methods, with no approval procedures required to go through from the nation's foreign exchange regulator," said Sun.

A Morgan Stanley report released on Tuesday said that cross-border yuan flows picked up strongly to an average of $28 billion per month through October this year, accounting for half of the total outflows, in contrast with declining offshore yuan deposits.

That means that yuan flowing to foreign countries have been converted to foreign currencies rather than promoting the use of yuan offshore, the report said.

Wang Youxin, an economist at the Institute of International Finance of the Bank of China, said that the new rules would not affect borrowers in foreign countries, as long as they have legitimate needs.

"The central bank is not imposing a new cap, only enhancing regulations," said Wang.

Robin Xing, chief China economist with Morgan Stanley, said he foresees regulative bodies introducing more measures to regulate capital outflows if the United States Federal Reserve increases rates, keeping capital outflow pressures alive.

Wang said capital outflows tend to stabilize with such stricter inspections, which in turn improves investors' long-term outlook for the Chinese economy.

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: 欧美日韩中文国产一区二区三区 | 欧美一级视频免费观看 | 久草精品免费 | 欧美一二三区视频 | 国产成人精品男人免费 | 露脸国产野战最新在线视频 | 草草日 | 国产99视频免费精品是看6 | 日韩国产在线播放 | 国产在线极品 | 成人影院在线免费观看 | 国产精品国产国产aⅴ | 午夜影院免费体验 | 步兵网站| 午夜宅男在线永远免费观看网 | 国产精品久久久久久麻豆一区 | 亚洲国产系列久久精品99人人 | 私人玩物福利 | 国内精品久久久久久影院8f | 欧美一区二区三区四区在线观看 | 国产成人狂喷潮在线观看2345 | 美女超爽久久久久网站 | 亚洲精品一区二三区在线观看 | 国产精品国产精品 | 99视频在线观看免费 | 久久性精品 | 中文字幕一区二区三区视频在线 | 亚洲免费小视频 | 香港三级日本三级三级人妇 | 欧美69视频| 国产精品资源手机在线播放 | 手机看片99| 看美女毛片 | 亚洲精品一区二区四季 | 国产精品久久久久久一区二区 | 久草免费在线观看视频 | 大陆老头xxxxxhd | 黄色一级片在线看 | 99九九成人免费视频精品 | 欧美日韩国产一区二区三区播放 | 国产精品系列在线一区 |