国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Policy Watch

Yuan level appropriate: central bank

(Agencies) Updated: 2015-03-22 10:37

Yuan level appropriate: central bank

A $100 banknote is placed next to 100 yuan banknotes in this October 16, 2010 file picture illustration taken in Beijing. [Photo/Agencies]

The current level of China's yuan is appropriate because it reflects foreign exchange supply and demand and economic fundamentals, a top central bank researcher said on Saturday.

On Friday, the yuan ended its best week since 2007 after a rush of dollar sales over the past few days by major State-owned banks.

Lu Lei, head of the research bureau at the People's Bank of China, reiterated the policy goal of keeping the yuan "basically stable on a reasonable and balanced level".

"We believe the current level is appropriate, it reflects the situation of the real economy, reflects the surplus and shortfall in global capital, also reflects money supply of our country and other countries," he told reporters on the sidelines of a forum.

The yuan's jump of close to 1 percent during the week followed months of weakness.

Lu also said the government would conduct more experiments in making the yuan convertible on the capital account, but would take steps to manage risks from cross-border capital flows.

Yi Gang, a deputy central bank governor who is also the country's top foreign exchange regulator, said China would soon allow Chinese individuals to invest in overseas markets using the local currency through a pilot program.

"We are studying plans to allow individuals to invest overseas," he told the forum. Yi said such an investment scheme would be launched "in the near future".

Shanghai, China's financial hub, hopes to allow individuals to invest in overseas markets this year through a trial scheme to be launched in its free trade zone, a city government website has reported.

The new Qualified Domestic Individual Investor program, or QDII2, is part of measures jointly proposed by the municipal government, the central bank and government regulators that would promote capital account yuan convertibility and international use of the yuan.

Hot Topics

Editor's Picks
...
盐山县| 揭东县| 海兴县| 依安县| 嫩江县| 宁河县| 同仁县| 蒲城县| 宝丰县| 上高县| 响水县| 竹北市| 韶山市| 满洲里市| 新民市| 区。| 珠海市| 凌源市| 聂荣县| 桦南县| 秦安县| 鄱阳县| 买车| 百色市| 巴林右旗| 德昌县| 吕梁市| 浏阳市| 德令哈市| 华蓥市| 额尔古纳市| 龙口市| 天水市| 临邑县| 囊谦县| 天台县| 雷波县| 耿马| 龙游县| 荆州市| 石河子市|