久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

  Home>News Center>Bizchina
       
 

Stronger RMB level in line with forex rules
By Zhang Dingmin (China Daily)
Updated: 2005-11-30 05:58

China's foreign exchange regulator clarified yesterday that local banks were not breaching exchange rate rules when they quoted the renminbi at an unprecedentedly strong 7.9997 against the US dollar last week.

"This was in line with the existing exchange rate regulations and was normal market behaviour by the banks," the State Administration of Foreign Exchange (SAFE) said in a statement.


A man lays out various denominations of the Chinese yuan, in Beijing. [AFP]

Bank of China, the country's largest foreign exchange bank, and some other banks quoted a 7.9997 yuan buying price for the dollar in cash last Friday, the first time the currency had passed a psychologically sensitive line of 8 to 1.

That marked the strongest performance of the Chinese currency since a landmark reform on July 21, when China allowed the renminbi to appreciate by 2.1 per cent against the US dollar to 8.11 and started linking it to a basket of foreign currencies instead of the greenback only.

But as major trading partners led by the US, which complains that the renminbi is undervalued to give Chinese exports an unfair advantage, continued to press for further appreciation, expectations for a stronger yuan remain in the marketplace, analysts said.

"That's simply because people think the appreciation was not big enough and fell short of market expectations," said Li Ruoyu, an analyst with the State Information Centre, adding that observers had been widely expecting a 5-10 per cent appreciation.

But the prices banks are quoting are not equivalent to the overall level of the renminbi exchange rate, which is represented by the central parity SAFE announces every day based on the closing price of the interbank forex market on the previous day, the administration said.

Under the current exchange rate regime, authorized banks are allowed after considering market conditions, their own forex positions and the credibility of clients to quote buying and selling prices for the US dollar within a range equivalent to 4 per cent of the central parity.

The difference between US dollar buying and selling prices offered by the banks last Friday was 1.18 per cent from the central parity that day.

At a briefing yesterday, Foreign Ministry spokesman Liu Jianchao reiterated China's position on its reform of the exchange rate, saying the country has never manipulated the renminbi.

(China Daily 11/30/2005 page1)



 
  Story Tools  
   
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
主站蜘蛛池模板: 亚洲三级成人 | 在线欧美视频 | 久久久影院亚洲精品 | 国产一级久久久久久毛片 | 欧美一级级毛片 | 国产一国产a一级毛片 | 性生i活一级一片 | 国产一区二区三区不卡在线观看 | 欧美在线播放视频 | 黄色美女网站免费看 | 日本在线免费播放 | 国产伦精品一区二区三区精品 | 国产精品亚洲一区二区在线观看 | 一区二区三区视频免费 | 国产精品成人免费观看 | 久久久久在线视频 | 一级欧美激情毛片 | 成人a免费α片在线视频网站 | 成年人三级黄色片 | 亚洲精品成人a | 欧美午夜精品一区二区三区 | 国产美女野外做爰 | 欧美性猛交xxxx免费看手交 | 国产在线精品一区二区三区不卡 | 亚洲国产日韩欧美高清片a 亚洲国产日韩欧美在线 | 另类女最新视频 | 日本黄色毛片 | 亚洲成在人线久久综合 | 欧美亚洲日本 | 日韩欧美日本 | 欧美极品欧美精品欧美视频 | 国产婷婷成人久久av免费高清 | 美国一级毛片免费 | 窝窝午夜精品一区二区 | 99国产福利视频在线观看 | 精品国产免费第一区二区 | 国产在线一区二区三区四区 | 亚洲精品色一区二区三区 | 国产精品欧美韩国日本久久 | 亚洲国产成人在线观看 | 亚洲天堂黄 |