男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

US EUROPE AFRICA ASIA 中文
Business / Markets

China aims to make RMB more freely usable

(Xinhua) Updated: 2015-04-20 09:40

WASHINGTON - China will take a series of reforms to further increase the capital account convertibility of renminbi, and make yuan, a more freely usable currency, governor of the People's Bank of China (PBOC) Zhou Xiaochuan said on Saturday.

In a statement at the 31st meeting of the International Monetary and Financial Committee meeting held in Washington, Zhou said that China will further expand cross-border investment channels for individual investors, such as via pilot program of Qualified Domestic Individual Investor.

The country will also introduce Shenzhen-Hong Kong stock connect program, relax foreign exchange regulations, facilitate access to the Chinese capital markets by overseas institutional investors, and further facilitate the international use of renminbi, he added.

Zhou said that China will adopt a concept of managed convertibility in order to limit risks from cross-border capital flows and safeguard the stable value of the currency and a safe financial environment.

This year, the International Monetary Fund (IMF) will conduct review of including yuan into the basket of the Special Drawing Rights (SDRs). On Friday, Zhou told reporters that the evaluation process of the renminbi's inclusion is proceeding, and China would speed up relevant reforms to promote the process.

SDRs are international foreign exchange reserve assets. Allocated to nations by the IMF, an SDR represents a claim to foreign currencies for which it may be exchanged in times of need.

According to the IMF, the selections of currencies for the SDR basket are based on two criteria -- the size of the country's exports and whether its currency is freely useable, and the latter requires a certain degree of capital account convertibility.

Zhou said that there are only a few capital account items that are completely inconvertible, adding that this year China plans to launch a series of reforms that will target currently inconvertible items under the capital account, with the aim of further promoting capital account liberalization and making renminbi a more freely usable currency.

Commenting on China's current economic conditions, Zhou said China's macro-financial condition remains stable, while the economy is facing some downward pressure.

He reiterated that the Chinese government will maintain continuity and stability of the monetary policy to ensure reasonable credit growth and liquidity, continue proactive fiscal policy, and stay vigilant on nonbank financing.

In regard to real estate policy, Zhou said China will continue to implement a differentiated housing mortgage policy to support the healthy housing demand.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 伊吾县| 浦城县| 宝清县| 文山县| 宿迁市| 东兰县| 张家港市| 鄱阳县| 华坪县| 阿拉善盟| 龙陵县| 义马市| 惠水县| 库尔勒市| 普格县| 襄垣县| 白城市| 灵川县| 左贡县| 哈巴河县| 武胜县| 开远市| 鹤庆县| 屏东县| 铁岭县| 嵊泗县| 延津县| 濮阳市| 宁安市| 平泉县| 辽宁省| 博客| 海淀区| 万全县| 新龙县| 白山市| 灵丘县| 伊吾县| 周宁县| 镇赉县| 哈巴河县|