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
China
Home / China / National affairs

Yuan dips as capital controls relaxed

By CHEN JIA/XIN ZHIMING | China Daily | Updated: 2017-09-13 06:31

The renminbi weakened on Tuesday for the first time in two weeks after the central bank relaxed capital controls on Monday. Analysts said the currency will have more two-way fluctuations in coming months.

The People's Bank of China set the yuan's daily reference rate at 6.5277 per dollar on Tuesday, down by 0.43 percent from Monday. It is the first time the rate has been set lower day-on-day in 11 trading sessions and marked the sharpest downward adjustment since Jan 9.

The monetary authority allows the yuan to rise or fall by at most 2 percent on either side of the reference rate.

In offshore trading, the yuan weakened to 6.5519 per dollar from 6.5335 in intraday trading on Tuesday after falling to 6.5400 from 6.5018 on Monday. The yuan's rate against the dollar in offshore markets had been rising strongly since late last year.

The weakening of the yuan came after it was reported on Monday that the central bank has eliminated the rule requiring banks to set aside a 20 percent deposit on forward sales of foreign exchange, which was imposed in 2015 to thwart capital outflows and keep the yuan stable.

The scrapping of the rule "is a sign that the constantly strengthening yuan is now at the forefront of the regulator's attention", said Han Huishi, a senior researcher with China Construction Bank. "Too fast appreciation (of the yuan) is no longer welcomed," he said.

He said the elimination of the deposit policy for banks' offshore yuan trading may not directly curb the currency's appreciation, but it is a move to neutralize the policy of foreign exchange management.

After the policy change, the yuan may experience more two-way fluctuations, he added.

Shen Jianguang, chief economist at Mizuho Securities Co Ltd, expected the yuan to remain relatively stable despite the policy change. He expected its big gains since August will not be repeated in the coming months even if it continued to appreciate, as foreign exchange regulators are likely to further ease controls on capital outflows.

"It is possible that the yuan may fluctuate at around 6.5 per dollar by the end of this year," he said.

Analysts also said the easing yuan will help stabilize China's exports, which grew by 5.5 percent in August in dollar terms, the second consecutive month that the growth rate had fallen.

Editor's picks
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: 亚洲无线一二三区2021 | 欧美成人黄色 | 国产九九免费视频网站 | 久久久网久久久久合久久久久 | 久久亚洲精品中文字幕亚瑟 | 国内精品一区二区三区最新 | 欧美成人久久一级c片免费 欧美成人看片黄a免费 | 欧美成人久久一级c片免费 欧美成人看片黄a免费 | 久久有这有精品在线观看 | 久久a 热6 | 国产在线观看精品一区二区三区91 | 男女视频在线观看免费高清观看 | 97在线观看免费视频 | 欧美性xxxx18| 色a在线 | 欧美日韩一日韩一线不卡 | 国产精品免费观看视频 | 国产成人亚洲精品 | 久久久久久亚洲精品中文字幕 | 欧美色道 | 久久久久久福利 | 欧美黄色xxx | 美国的毛片免费的 | 欧美一级特黄aaaaaa在线看片 | 亚洲欧美日韩精品高清 | 中文日韩字幕一区在线观看 | 亚洲一区免费观看 | 国产成人精品亚洲日本在线观看 | 日韩精品中文字幕在线 | 亚洲天堂一区二区在线观看 | 欧美在线一区二区三区精品 | 国产亚洲精品一区二区三区 | 久久久久女人精品毛片九一 | 欧美一级毛片生活片 | 精品国产杨幂在线观看福利 | 成年女人毛片免费视频永久vip | 国产草草影院ccyycom软件 | 日韩毛片免费视频一级特黄 | 一个色综合久久 | 久草综合视频在线 | 精品日韩欧美一区二区三区在线播放 |