China to carry out radical foreign exchange system reforms i
文章来源: 文章作者: 发布时间:2007-02-05 00:29 字体: [ ]  进入论坛
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Chinanews, Beijing, Feb. 2 – In light of the huge trade surplus and excessive liquidity1, China plans to radically2 reform its foreign exchange system in 2007, China Securities Journal reported.

 

Officials disclosed that China will take a set of measures to reform its foreign exchange system in 2007, in order to solve the huge trade surplus problem and curb3 excessive liquidity. The measures will include allowing more flexibilities in the Renminbi exchange rate regime, setting up a national foreign exchange investment company to expand the channels of forex reserve use, and raising the amount of investment by qualified4 foreign institutional investors5 (QFII) and expanding the range of investment for qualified domestic institutional investors (QDII). In addition, China will launch more derivatives6 in financial market.

 

In managing foreign currencies, China will lift restrictions7 on the purchase and use of foreign currencies by enterprises and individuals and curb the rapid increase of foreign debts. China will strengthen the management of trade credit and the inflow of capital by investment companies from abroad, and closely monitor any abnormal foreign capital that flows into China. Specifically, China will monitor the capital inflow and exchange settlement by foreign investment companies; verify the reality of foreign exchange collection and settlement in trade; pay attention to the inflow of foreign capital in property market; and check foreign exchange collection and settlement by individuals, and the business activities and return investment activities by securities and fund management companies. In addition, China will set up some companies to deal exclusively with Renminbi and foreign currency exchange business to offer convenience to individuals in their exchange for a small amount of foreign currencies.

 



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1 liquidity VRXzb     
n.流动性,偿债能力,流动资产
参考例句:
  • The bank has progressively increased its liquidity.银行逐渐地增加其流动资产。
  • The demand for and the supply of credit is closely linked to changes in liquidity.信用的供求和流动资金的变化有密切关系。
2 radically ITQxu     
ad.根本地,本质地
参考例句:
  • I think we may have to rethink our policies fairly radically. 我认为我们可能要对我们的政策进行根本的反思。
  • The health service must be radically reformed. 公共医疗卫生服务必须进行彻底改革。
3 curb LmRyy     
n.场外证券市场,场外交易;vt.制止,抑制
参考例句:
  • I could not curb my anger.我按捺不住我的愤怒。
  • You must curb your daughter when you are in church.你在教堂时必须管住你的女儿。
4 qualified DCPyj     
adj.合格的,有资格的,胜任的,有限制的
参考例句:
  • He is qualified as a complete man of letters.他有资格当真正的文学家。
  • We must note that we still lack qualified specialists.我们必须看到我们还缺乏有资质的专家。
5 investors dffc64354445b947454450e472276b99     
n.投资者,出资者( investor的名词复数 )
参考例句:
  • a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
  • a cash bonanza for investors 投资者的赚钱机会
6 derivatives f75369b9e0ef2282b4d10e367e4ee2a9     
n.衍生性金融商品;派生物,引出物( derivative的名词复数 );导数
参考例句:
  • Many English words are derivatives of Latin words. 许多英语词来自拉丁语。 来自《简明英汉词典》
  • These compounds are nitrosohydroxylamine derivatives. 这类合成物是亚硝基羟胺衍生物。 来自辞典例句
7 restrictions 81e12dac658cfd4c590486dd6f7523cf     
约束( restriction的名词复数 ); 管制; 制约因素; 带限制性的条件(或规则)
参考例句:
  • I found the restrictions irksome. 我对那些限制感到很烦。
  • a snaggle of restrictions 杂乱无章的种种限制
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