久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

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

Yuan reference rate hits high

By Wang Xiaotian | China Daily | Updated: 2013-05-09 06:02

Yuan reference rate hits high
A worker counts and stacks banknotes at an Industrial and Commercial Bank of China branch in Huaibei, Anhui province. The yuan is allowed to trade within 1 percent in each direction around the daily reference rate set by the central bank. [Photo/China Daily]

Daily fixing of currency rises 1.41% against dollar since start of this year

The People's Bank of China on Wednesday set the daily reference rate of the yuan against the dollar at 6.1980, the highest in 19 years since China unified the official and market exchange rates at the end of 1993.

Yuan reference rate hits high

Later, the yuan closed at 6.1410 against the dollar in Shanghai, according to the China Foreign Exchange Trade System. It touched 6.1396 earlier, the strongest level since the end of 1993.

The daily fixing of the yuan rose 1.41 percent since the beginning of the year against the dollar, as indicators show that capital flows into the world's second-largest economy accelerated in recent months.

The yuan is allowed to trade within 1 percent in each direction around the daily reference rate.

"Appreciation expectations and onshore demand for the currency still dominate the market as capital inflows continue, and the authorities are working to make the pricing of the yuan more flexible and market-oriented," said Guo Tianyong, a professor at the Central University of Finance and Economics in Beijing.

The State Council, China's cabinet, said this week it will draft an operational plan to achieve full convertibility of the yuan and establish a comprehensive system for individuals' outbound investments.

Analysts have forecast continuous appreciation pressure on the yuan as major economies announced a new round of monetary easing. On Monday, the central bank of Australia said it will cut interest rates by 25 basis points, following the steps of the European Central Bank and the Indian central bank.

China has seen four straight months of net foreign exchange purchases among the central bank and commercial lenders, which suggests continuous capital inflows.

The central bank data showed that banks brought in nearly 236.3 billion yuan ($38.25 billion) worth of foreign exchange in March on a net basis, boosting the total yuan holdings for purchasing foreign currency to nearly 27.1 trillion yuan.

Apart from international "hot money" inflows, the rising willingness of Chinese companies, especially property developers, to sell dollar-denominated bonds in overseas markets also contributed to increasing cross-border money inflows, said Ding Zhijie, dean of the School of Banking and Finance at the University of International Business and Economics in Beijing.

Expectations of the yuan's appreciation have also strengthened as China's band-widening discussions have been rekindled following recent comments from PBOC officials indicating that the yuan trading band will be further widened "in the near future".

And the tightening of foreign exchange rules this week could well lay the groundwork for a band-widening move later this year, said Australia and New Zealand Banking Group Ltd in a report.

On Sunday, the State Administration of Foreign Exchange rolled out new rules to regulate the banks' dollar net open positions, or NOP, linking their onshore foreign exchange loan-to-deposit ratios with the regulated NOP floor.

It also called for stricter scrutiny of foreign exchange transactions by exporters and importers.

The new SAFE rules do not alter the fundamental reasons behind yuan appreciation, but rather eliminate the speculative elements seeking to profit from the appreciation, said Li Wei, a senior economist at Standard Chartered Bank.

"China's modest external surplus, favorable interest-rate differentials and the role of the yuan appreciation in internationalization continue to favor gradual appreciation medium-term," he said.

Ding said that it's still possible that the yuan will go down for a while after this phase of appreciation, as the negative impact of Japanese yen's depreciation on East Asian countries' trade balance will gradually loom large, leading to currency depreciation among these countries.

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
久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    欧美在线a视频| 国产又黄又猛又粗| 一区二区三区国产好的精华液| 欧美做暖暖视频| 九九热在线免费| 免费成人进口网站| 中国黄色片一级| 国产欧美日韩小视频| 五月婷婷丁香色| 欧美精品99久久| 中文字幕色呦呦| 日本在线一二三区| 亚洲午夜无码av毛片久久| 2021国产视频| 日本中文字幕观看| 别急慢慢来1978如如2| 日本在线xxx| 成人免费看片'免费看| 欧美国产日韩在线视频| 中文字幕有码av| 无码精品国产一区二区三区免费| 欧美久久在线观看| 日韩视频 中文字幕| 婷婷激情综合五月天| 久久久久久三级| 国产一区二区三区精彩视频| 久久国产精品视频在线观看| 久久这里只有精品8| 强伦女教师2:伦理在线观看| 久久久久久久久久一区| 91小视频网站| 亚洲高清在线免费观看| 欧美女人性生活视频| 成人黄色av片| 亚洲 欧美 日韩 国产综合 在线 | 青草视频在线观看视频| 无码人妻精品一区二区三区99v| 91插插插影院| 女人高潮一级片| 欧美日韩精品区别| 亚洲午夜精品一区| 天堂а√在线中文在线| 在线观看三级网站| 日本天堂免费a| 激情视频小说图片| 91精品一区二区三区四区| 秋霞在线一区二区| 视色,视色影院,视色影库,视色网| 天天做天天爱天天高潮| 公共露出暴露狂另类av| www国产无套内射com| 久久这里只有精品8| 色欲色香天天天综合网www| 97超碰人人澡| 成人黄色片视频| 簧片在线免费看| 手机免费看av网站| 亚洲最新免费视频| 天天做天天躁天天躁| 国产精品久久久久久久久电影网| 男人天堂a在线| 男人揉女人奶房视频60分| 成年人网站大全| 在线观看亚洲色图| www.偷拍.com| 欧美日韩福利在线| 99999精品视频| 高潮一区二区三区| 国产女人18毛片| 激情伊人五月天| 午夜免费高清视频| 欧美性视频在线播放| 香港三级日本三级a视频| 一本大道熟女人妻中文字幕在线| 日本888xxxx| 国产树林野战在线播放| 91视频 -- 69xx| 在线观看高清免费视频| 亚洲美女自拍偷拍| 国产69精品久久久久久久| 天天碰免费视频| 亚洲黄色网址在线观看| 人妻精品无码一区二区三区| 欧美女同在线观看| 久久这里只有精品18| 日韩一级免费在线观看| 国产又黄又爽免费视频| 91专区在线观看| 日本人69视频| 91九色丨porny丨国产jk| 激情五月俺来也| 欧美精品久久久久久久自慰| 亚洲另类第一页| 免费av手机在线观看| 污视频网址在线观看| 欧美不卡在线播放| caoporm在线视频| 亚洲 欧美 日韩 国产综合 在线| 午夜久久福利视频| 欧美精品一区二区三区三州| 97人人爽人人| 99精品人妻少妇一区二区| 日韩精品在线播放视频| 日本三级免费观看| 黄色高清视频网站| 亚洲第一中文av| 9色porny| 一级 黄 色 片一| 免费日韩中文字幕| 国产 欧美 日本| 日韩av.com| 青青草原av在线播放| 97久久国产亚洲精品超碰热| 杨幂毛片午夜性生毛片 | 国产精品嫩草影院8vv8| 97成人在线免费视频| 国产精品12p| 福利片一区二区三区| 久久国产乱子伦免费精品| 欧美性猛交内射兽交老熟妇| 五月天开心婷婷| 国产精彩免费视频| 九九爱精品视频| 51xx午夜影福利| 香蕉视频色在线观看| 欧美午夜aaaaaa免费视频| 无码人妻丰满熟妇区毛片18 | 女人另类性混交zo| 国产一区二区三区小说| 欧美日韩在线免费观看视频| 亚洲免费999| 狠狠热免费视频| 99999精品视频| 黄色国产一级视频| h无码动漫在线观看| 可以在线看黄的网站| 一级黄色高清视频| 亚洲免费av一区| 黄色片视频在线| 中文字幕一区二区三区四区在线视频| 99热在线这里只有精品| 婷婷五月综合缴情在线视频| 欧美日韩视频免费| 国产精品自拍合集| 欧美 国产 精品| 久久久成人精品一区二区三区 | 色一情一乱一伦一区二区三区日本| 蜜臀av无码一区二区三区| 国产情侣第一页| 欧美日韩dvd| 天堂8在线天堂资源bt| 日韩免费在线观看av| 福利在线一区二区| 国产freexxxx性播放麻豆| 亚洲爆乳无码精品aaa片蜜桃| 日韩不卡视频一区二区| 天天操天天干天天玩| 丰满人妻一区二区三区53号| 国产一级大片免费看| 可以看毛片的网址| 大陆极品少妇内射aaaaa| 成人在线免费观看av| 韩国一区二区av| 日本熟妇人妻xxxxx| 992tv快乐视频| 精品国偷自产一区二区三区| heyzo亚洲| 欧美黑人又粗又大又爽免费| 丰满少妇在线观看| 牛夜精品久久久久久久| 久久久久xxxx| 潘金莲一级淫片aaaaaa播放1| 国产爆乳无码一区二区麻豆| 国产精品国产亚洲精品看不卡| 国产a级一级片| 在线免费av播放| 国产系列第一页| 欧美乱大交xxxxx潮喷l头像| 97xxxxx| 中文字幕 91| 干日本少妇视频| 欧美视频在线观看网站| 青青青国产在线视频| 国产女同无遮挡互慰高潮91| 青青草综合视频| 欧美v在线观看| 亚洲一区二区福利视频| 日韩精品手机在线观看| 中文字幕日本最新乱码视频| 日本女优爱爱视频| 日本高清免费观看| 久久综合九色综合88i| 黄色永久免费网站| 日本美女爱爱视频| 青青草原成人网| 一级日本黄色片| 每日在线更新av| 亚洲欧美日韩网站| 女人喷潮完整视频| 亚洲国产午夜精品|