综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Business / Markets

China's holding of US Treasury falls to a 10-month low

(chinadaily.com.cn) Updated: 2016-02-17 11:13

China's foreign exchange reserves dropped by $99.5 billion from December to $3.23 trillion at the end of January, the central bank said Sunday.

The decrease was milder than the decline of $107.9 billion registered in December, the sharpest monthly fall on record.

Zhou dismissed rumors that China will increase foreign exchange control. The rumors even involve control of trade accounts, which is absurd, Zhou said, claiming rumors are fabricated to create panic and benefit speculators.

China allowed renminbi convertibility on the trade accounts nearly two decades ago, but almost all capital account transactions in the mainland remain under varying degrees of control. Going by IMF classifications, 37 of 40 capital account items are already fully or partly convertible in China, leaving only three unconvertible.

The central bank will upgrade its macro prudential policy framework, an approach to financial regulation aimed at reducing systemic risks, according to Zhou.

The new mechanism, macro prudential assessment, will take into consideration seven aspects when evaluating the financial system to prevent systemic risks and improve counter-cyclical adjustment, the PBOC said in a statement at the end of 2015.

The capital adequacy ratio, a measure of an institution's ability to cushion loan risks, will be the core of the assessment, said the PBOC.

While guarding against "systemic risks in the economy, China should prevent "cross infection" between the stock, debt and currency markets, Zhou said.

China's economy grew by 6.9 percent year-on-year in 2015, its lowest annual expansion in a quarter of a century.

However, foreign direct investment into the Chinese mainland continued to grow steadily in January despite slowing overall growth, the Ministry of Commerce said on Monday.

FDI, which excludes investment in the financial sector, rose 3.2 percent year on year to $14.1 billion last month, with investment in the service sector taking the lion's share.

 

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
龙泉市| 昌图县| 云南省| 商南县| 衢州市| 东安县| 安龙县| 麻城市| 长岛县| 东源县| 绥化市| 六盘水市| 杭锦旗| 嘉兴市| 车致| 冕宁县| 淄博市| 筠连县| 富顺县| 丰宁| 珠海市| 松滋市| 克东县| 赤峰市| 咸宁市| 普兰县| 涡阳县| 昌都县| 昌平区| 新源县| 瑞金市| 邓州市| 固镇县| 沾化县| 汾阳市| 平武县| 峨眉山市| 中西区| 高尔夫| 武强县| 昌都县|