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

  Home>News Center>China
       
 

Banks urged to improve forex risk controls
(AP)
Updated: 2006-03-06 16:34

China's banks must improve their management of currency risks to take account of new challenges created by a more flexible yuan and the development of the interbank foreign exchange market, the banking regulator said on Monday.

Banks would have to better calculate their open positions and improve their evaluation of counterparty credit risk, the China Banking Regulatory Commission said on its Web site (www.cbrc.gov.cn).

In a recent circular, the agency also demanded that banks improve internal audits of foreign exchange risks and do a better job at managing risks arising from derivative products.

They should also hire more and better-trained traders and risk managers, the commission said.

"Effective management of foreign exchange risks by banks is necessary not only for the banks' own safety and stable operations, but also for for the smooth implementation of the yuan exchange rate mechanism and the healthy development of the interbank foreign exchange market," said Huang Yi, director of the regulator's policy and regulation department.

The notice underlines China's concern that a more flexible yuan could create new challenges for its shaky banking system.

Beijing has consistently argued that it needs to proceed carefully in freeing up the the yuan because the country's fragile banks, which are relatively inexperienced at pricing risk, could not withstand the shock of rapid movements.

China last July revalued the yuan by 2.1 percent against the dollar and shifted to a managed float. The yuan has risen another 0.9 percent versus the dollar since then.



Top leaders join lawmakers in discussions
Job fair held for agricultural and forestry graduates
Government to boost rural sector
  Today's Top News     Top China News
 

NPC session: China's PM pledges prosperity for all

 

   
 

Taiwan opposition leader to visit US

 

   
 

Nation's 11th Five-Year plan group chewed

 

   
 

Astronauts set for first space walk in 2008

 

   
 

China confirms another human bird flu death

 

   
 

China's military spending is 'low': general

 

   
  Taiwan opposition leader to visit US
   
  Banks urged to improve forex risk controls
   
  China's military spending is 'low': general
   
  Nation's 11th Five-Year plan group chewed
   
  Farmers will benefit from higher spending
   
  Deputies developing understanding of role
   
 
  Go to Another Section  
 
 
  Story Tools  
   
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
西华县| 本溪市| 虎林市| 濮阳县| 英德市| 龙山县| 尤溪县| 赤峰市| 喀喇| 皋兰县| 天柱县| 佛冈县| 会昌县| 文水县| 塔城市| 那坡县| 如皋市| 舟曲县| 连州市| 昔阳县| 雅安市| 松原市| 宣威市| 和龙市| 富蕴县| 玉山县| 达日县| 望江县| 定边县| 瑞安市| 潼关县| 邵东县| 新源县| 仪征市| 桃源县| 达尔| 沙坪坝区| 敖汉旗| 唐河县| 海晏县| 阿城市|