Chinadaily.com.cn
     
    Go Adv Search

    China to steadily make yuan convertible on capital account

    Updated: 2012-04-11 09:23

    (Xinhua)

      Comments() Print Mail Large Medium  Small 分享按鈕 0

    BEIJING - China's foreign exchange regulator said Tuesday it will advance the yuan's convertibility on the capital account in a stable and orderly way, although it is not the fundamental goal of the country's foreign exchange reform.

    It is a gradual process, and also a systematic project that needs the coordination of many departments to offset external impacts, the State Administration of Foreign Exchange (SAFE) said in a statement on its website.

    China has only allowed the yuan's convertibility on the current account. A full convertible yuan is the prerequisite of making it an international reserve currency.

    According to the statement, China will expand the use of the yuan in cross-border trade and gradually increase the channel for capital outflows.

    The government will encourage eligible institutions to invest in foreign countries. It will also gradually open the domestic financial market and build up a system to ward against the impacts arising from the free capital flows, it said.

    SAFE noted it will closely monitor domestic and international economic operations, and keep the convertibility promotion measures in line with the micro-economic environment and financial supervision. While partly loosening the restrictions, it will also improve the oversight to safeguard the country's financial security.

    China has been progressively and cautiously advancing the yuan's convertibility on the capital account. Since the start of the global financial crisis, China has signed currency swap agreements worth 1.5 trillion yuan with 17 countries and regions to support its trade and investment with these economies.

    By the end of September 2011, the assets of foreign direct investment in China has totaled $1.62 trillion. China's overseas direct investment has stood at $345.5 billion.

    By March 9, 2012, China had approved $24.55 billion of investment quotas for the Qualified Foreign Institutional Investors (QFII), and $75.25 billion for the Qualified Domestic Institutional Investors (QDII).

    亚洲中文字幕伊人久久无码| 无码人妻精品一区二区三区在线| 无码成A毛片免费| 日本一区二区三区精品中文字幕| 精品人无码一区二区三区| 日韩va中文字幕无码电影| 超清无码无卡中文字幕| 久久av无码专区亚洲av桃花岛| 免费无码又爽又刺激一高潮| 五月天中文字幕mv在线| 亚洲Aⅴ无码一区二区二三区软件| 亚洲AV无码片一区二区三区| 中文无码vs无码人妻| 亚洲乱码中文字幕久久孕妇黑人| 国产高清无码毛片| 无码人妻熟妇AV又粗又大| 狠狠精品久久久无码中文字幕 | 亚洲av无码国产精品色午夜字幕| 无码中文字幕日韩专区| 欧美日韩中文国产一区发布| 亚洲AⅤ无码一区二区三区在线| 人妻夜夜添夜夜无码AV| 亚洲大尺度无码专区尤物| 欧洲精品无码一区二区三区在线播放 | а天堂8中文最新版在线官网| 在线看无码的免费网站| 无码人妻少妇色欲AV一区二区| 亚洲精品无码MV在线观看 | 夜夜添无码试看一区二区三区| 中文字幕日韩一区| 亚洲中文字幕久久精品无码APP| 最近免费中文字幕MV在线视频3| 亚洲无码黄色网址| 亚洲无码高清在线观看| 亚洲中文字幕无码一久久区| 中文字幕乱码一区二区免费| 最近2019好看的中文字幕 | 亚洲欧洲中文日韩av乱码| 惠民福利中文字幕人妻无码乱精品| 最近高清中文字幕免费| 国产中文字幕乱人伦在线观看|