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: 精品外国呦系列在线观看 | 国产精品三级一区二区 | 日韩亚洲一区中文字幕在线 | 亚洲国产日产韩国欧美综合 | 日韩天天摸天天澡天天爽视频 | 久久99国产亚洲高清观看韩国 | 日本三级网站在线线观看 | 午夜在线成人 | 97国产精品欧美一区二区三区 | 黄色网址国产 | 免费无遮挡毛片 | 国产女王s调视频vk 国产女王vk | 美女视频黄a | 成人网视频在线观看免费 | 韩国毛片基地 | 国产9191精品免费观看 | 国内精品视频九九九九 | 毛片免费在线视频 | 久久成人免费网站 | 国产在线综合一区二区三区 | 国产精品久久久一区二区三区 | 国产综合精品久久亚洲 | 国产精品夫妇久久 | 国产在亚洲线视频观看 | 99视频九九精品视频在线观看 | 黄页网址免费观看18网站 | 草草视频免费观看 | 欧美毛片 | 97视频在线观看免费 | 精品韩国主播福利视频在线观看一 | aaa大片 | 国产日韩欧美 | 一区二区三区四区免费视频 | 日本理论片免费高清影视在线观看 | 欧美亚洲一区二区三区四 | 在线免费一区 | 国产在线精品一区二区中文 | 99精品免费久久久久久久久日本 | 日本三级全黄三级a | 日韩欧美色综合 | 成人精品一区二区www |