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

China should reduce restrictions on foreign capital, senior economists say

By Wang Yanfei | China Daily | Updated: 2017-09-25 07:52

China should further reduce restrictions on foreign investors and advance efforts to continue opening up the financial sector, a former senior official with the International Monetary Fund said on Saturday.

"Granting more access to foreign financial institutions can be our next incremental step of further opening up," said Zhu Min, economist and former deputy managing director of the IMF. "We have pledged to treat foreign and domestic investors equally in certain areas, and now a good time has arrived to take concrete steps."

Some efforts can be made in the short run, include raising the current 25 percent stake of foreign investors in banks and in securities companies, according to a report on Saturday by China Finance Forum 40, a leading think tank.

In the medium to long run, the government should take more steps connecting domestic and foreign bond markets and fully open up the domestic stock market to foreign investors in the future, the report said.

Zhu said the government should also provide greater convenience to foreign investors, making tax and audit policies more compatible with international standards.

China should reduce restrictions on foreign capital, senior economists say

While many restrictions have been removed since China started to open up the financial sector in 1978, progress has slowed in recent years, according to Huang Yiping, an economist and central bank adviser.

The share of foreign capital in the Chinese stock market is only around 5 percent compared with around 30 percent in the South Korean market, and foreign capital only accounts for around 2 percent of the Chinese bond market, compared with 10.5 percent in Japan.

"China has reached the right time to further open its borders to more foreign players," Huang said.

More diversified market players help promote economic growth and help dissolve financial risks, according to Huang.

In the meantime, China needs to reduce control over fluctuations in the yuan's exchange rate, gradually allowing the renminbi to float freely against other currencies, according to Zhang Bin, one of the authors of the report.

The report said the government does not need to keep a close eye on the currency on a daily basis.

Rather, the government only needs to intervene when the currency sees a sharp depreciation or appreciation that goes beyond a benchmark of, say, 7.5 percent over a year on either side of a reference rate, the report said.

"Stable economic fundamentals and better market expectations for the yuan's exchange rate paved the way to move ahead," Zhang said. "We should not miss the opportunity. Reform comes at minimal costs when all signs are in favor of reform."

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: 国产九九视频在线观看 | 久久成人免费观看全部免费 | 国内交换一区二区三区 | 一级a欧美毛片 | 成人免费大片黄在线观看com | 国产a一级毛片午夜剧院 | 九草网| 自拍偷自拍亚洲精品一区 | xxxxaaa欧美另类 | 亚洲专区在线 | 成人在线观看网址 | 美女一丝不佳一级毛片香蕉 | 精品日韩欧美一区二区三区在线播放 | 亚洲一区二区三区一品精 | 亚洲免费在线视频观看 | 国产一区二区三区在线视频 | 欧美成人免费香蕉 | 久久久国产在线 | 精品久久久久久久九九九精品 | 波多野结衣在线观看一区二区三区 | 国产初高中生粉嫩无套第一次 | 国产激情视频在线 | 国内精品久久久久久中文字幕 | 亚洲精品在线观看视频 | 欧美日韩精品一区二区三区不卡 | 国产成人网 | 99视频精品全部 在线 | 99在线视频免费观看 | 久久久久国产精品免费看 | 一级特一级特色生活片 | 亚洲黄色第一页 | 欧美一区二区三区精品 | 俺来也俺来也天天夜夜视频 | 一本色道久久综合亚洲精品 | 亚洲专区在线 | 波多野结衣在线观看一区 | 久在线观看| 中文字幕亚洲精品久久 | 黄网站色成年小说系列 | 国产欧美精品一区二区三区四区 | yy6080福利午夜免费观看 |