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

Forex reserves up again, top $3 trillion

By WANG YANFEI | China Daily | Updated: 2017-07-08 08:57

Forex reserves up again, top $3 trillion

A clerk counts dollar cash at a bank in Taiyuan, capital of Shanxi province. ZHANG YUN / CHINA NEWS SERVICE

Rise comes on back of balance in supply and weak green back

The Chinese mainland's foreign exchange reserves rose in June for a fifth straight month, as tightened supervision of outbound investment and a weak dollar helped curb capital outflows.

The nation's foreign exchange stockpile climbed to $3.056 trillion in June, up by around 0.11 percent from the previous month, according to data released by the State Administration of Foreign Exchange on Friday.

The currency regulator attributed the continued positive trend in the data to basically balanced foreign exchange supply and demand and the appreciation of a basket of currencies against the dollar.

Economists on Friday said that supported by strong economic fundamentals and the government's efforts to open up the domestic capital market, the reserves are likely to rise slightly in the coming months, while remaining largely stable.

Guan Tao, former director of the international payments department at China's State Administration of Foreign Exchange, said during a conference on the renminbi in late June that forex reserves appeared to have stabilized, mainly supported by eased capital outflow pressures in recent months.

Aside from the forex reserves fall in January to $2.998 trillion-the first since March 2011-reserves have risen by around 1.5 percent as of June, compared with the start of the year, the currency regulator said.

Guan said the government's enhanced supervision of outbound investment had gradually taken effect to help curb capital outflow pressures.

From December 2016, the government introduced a slew of measures tightening screening of overseas investment projects-amid concern about capital outflows and market expectations for a continued depreciation of the yuan.

Analysts say that after the yuan exchange rate against the dollar hit a six-year low level in December, the yuan's performance against the greenback has been steady after the US currency lost its upward momentum.

Wang Youxin, an economist at Bank of China, said the central bank does not need to deplete its reserves in order to stabilize the yuan.

More balanced cross-border flows will also be supported by the government's efforts to open up the domestic capital market, according to Cheng Shi, ICBC International Research Director, referring to measures such as the mainland-Hong Kong bond connect program.

"The program is not something that has only symbolic meaning. It will generate long-term positive impact," he said.

"An expected increase in foreign capital inflows will help offset domestic capital outflows," he said.

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: 欧美日韩亚洲综合久久久 | 欧美日韩视频一区二区 | 91精品久久| 欧美18www | 国内自拍第一页 | 国产视频久久久 | 亚洲精品国产第一区二区多人 | 久久国产亚洲观看 | 免费特黄一区二区三区视频一 | 国产精品国产三级国产专 | 欧美高清一区二区三 | 日韩欧美在线观看一区 | 欧美人成在线视频 | 免费高清欧美一区二区视频 | 欧美va在线播放免费观看 | 国产日韩欧美swag在线观看 | 国产亚洲精品激情一区二区三区 | 美女一丝不佳一级毛片香蕉 | 欧美在线视 | 日韩天天摸天天澡天天爽视频 | 黄页网站18以下禁止观看 | 国产成人精品高清在线 | 久久久9视频在线观看 | 欧美的高清视频在线观看 | 日本a级片免费观看 | 26uuu欧美日韩国产 | 99国产精品免费观看视频 | 生活片一级播放免费 | 免费播放毛片 | 午夜丝袜美腿福利视频在线看 | 99热免费在线 | 免费一看一级毛片全播放 | 1717she国产精品免费视频 | 免费观看亚洲 | 久久99视频| 在线成人毛片 | 久久免费视频2 | 久热久草 | 日韩欧美在线视频一区二区 | 92精品国产成人观看免费 | 亚洲成a人片在线v观看 |