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

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Finance

China cautiously hastens capital account reform

Xinhua | Updated: 2013-05-09 12:30

BEIJING - China's latest call for an "operational plan" to achieve yuan convertibility under the capital account has raised the prospect of a specific reform timeline, although the government will likely conduct the reform step-by-step rather than all at once, analysts said.

The State Council, or China's Cabinet, said Monday that a plan to make the currency convertible under the capital account will be proposed this year, indicating that a blueprint for the long-discussed reform is in place.

"China should come up with a general target this year and gradually phase in specific measures," said Zong Liang, deputy head of the Institute of International Finance at the Bank of China.

He said he expects the convertibility goal to be achieved by 2020.

Currently, the yuan is convertible for trade purposes under the current account, while the capital account, which covers portfolio investment and borrowing, is still largely controlled by the state over concerns of abrupt capital flows moving in and out of the country.

The timing and speed for opening the capital account, as an important part of the country's intended financial reform and the yuan's internationalization, has resulted in divided views among market analysts, with some suggesting quicker steps and others describing such radical moves as disruptive to the financial market.

"Yuan convertibility under the capital account will hinge on the further liberalization of interest rates and exchange rates, as the distorted price of capital may misguide money flows," said Liu Dongliang, a senior analyst at China Merchants Bank.

Previous Page 1 2 Next Page

Most Viewed in 24 Hours
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
商洛市| 仲巴县| 永嘉县| 安阳市| 泉州市| 明水县| 秀山| 枣强县| 青河县| 镇康县| 稻城县| 郯城县| 东丰县| 略阳县| 汨罗市| 沛县| 轮台县| 新化县| 武强县| 乐山市| 郎溪县| 高台县| 安阳市| 万全县| 建始县| 香河县| 东源县| 耿马| 衡阳县| 黄大仙区| 靖西县| 油尖旺区| 广饶县| 西畴县| 吉林省| 罗江县| 行唐县| 南昌县| 新丰县| 谢通门县| 明水县|