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

   

Setup of state forex company officially discussed

(Xinhua)
Updated: 2007-03-16 16:58

BEIJING -- China's state foreign exchange company, drawn wide attention recently, made its first concrete step towards establishment by holding its first preparatory meeting, China Securities reported Friday.

Lou Jiwei, deputy secretary-general of the State Council, held a meeting attended by senior officials from key economic ministries and regulators Thursday to discuss the arrangements, orientation and structure of the planned company, it said.

Lou was appointed by the State Council, the cabinet, as its Deputy Secretary-General, a position with ministerial status, earlier this month, from the position as vice-minister of finance.

Analysts estimate that Lou will likely be appointed as the president of the new company, and the general manager will possibly come from the central bank or State Administration of Foreign Exchange.

China's foreign exchange reserve reached US$1.066 trillion at the end of last year while the country prepared to establish a state forex investment company earlier this month.

The major aim of the planned company is to improve management of China's huge foreign exchange reserves and generate as more as possible returns on the reserves under the preconditions of security.

Current issues would be the orientation and character of the company, sources were quoted by the newspaper as saying.

"Investment channels of the planned company will include financial securities invested by the Central Huijin Investment," Wu Xiaoling, vice governor of the central bank, was quoted as saying, "and we are talking about some strategic investments."

The planned company would be launched within the year while details such as the capital scale has not been discussed yet, Hu Xiaolian, head of the State Administration of Foreign Exchange, was quoted as saying.

The investment company will issue 200 billion to US$250 billion of RMB-denominated bonds. Money to be raised will be firstly used as strategic investment for energy enterprises like CNOOC, earlier reports said.

Founded in 2003 as an investment arm of the central bank, the Central Huijin Investment holds shares in China's four leading commercial banks.

In 2005, Central Huijin injected US$60 billion into three of the "big four". The money came from the nation's huge forex reserves.

It is reported that Central Huijin will pump another US$25 billion to 30 billion into the Agricultural Bank of China to help improve its balance sheet before the bank is ready to go public.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
漳平市| 肇东市| 合肥市| 广德县| 榆社县| 彰化市| 达州市| 桓台县| 门头沟区| 平凉市| 团风县| 宁乡县| 孝义市| 望谟县| 淮安市| 尼玛县| 宁德市| 盈江县| 南康市| 三原县| 平潭县| 尼木县| 塔河县| 茂名市| 保亭| 栖霞市| 彝良县| 桦甸市| 金堂县| 宣武区| 沂源县| 会理县| 玉龙| 龙口市| 榕江县| 万全县| 嵊泗县| 怀集县| 丽江市| 积石山| 交口县|