www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

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

New rules to help curb speculative outflow of yuan

By Wang Yanfei | China Daily | Updated: 2016-12-02 08:06

New rules to help curb speculative outflow of yuan

A clerk counts money for a client at an Agricultural Bank of China branch in Hainan province. [Photo/IC]

The central bank has drawn up new guidelines to strengthen inspections of domestic companies that make yuan loans overseas, the latest move to curb speculative shifting of yuan amid short-term depreciation pressure, a source with the bank said on Thursday.

Lenders must register with local foreign exchange regulative bodies in China before issuing loans overseas, and the amount of the loans should not exceed 30 percent of net assets of the lender, according to the source, who requested anonymity.

The guideline is among many methods that the central bank could use to enhance management of speculative capital flow, the source said.

Sun Haibo, CEO of Shanghai-based Faxun Financial Regulation and Law Co, a financial law consulting company, said that implementation of the guideline "will be the first time that the central bank has set up a ceiling amount for yuan-denominated loans that lenders are allowed to issue overseas."

The central bank has become aware of the risks brought by speculative behavior through moving yuan out of the country, Sun added.

"Issuing loans overseas is a rather simple way to move money out compared with other methods, with no approval procedures required to go through from the nation's foreign exchange regulator," said Sun.

A Morgan Stanley report released on Tuesday said that cross-border yuan flows picked up strongly to an average of $28 billion per month through October this year, accounting for half of the total outflows, in contrast with declining offshore yuan deposits.

That means that yuan flowing to foreign countries have been converted to foreign currencies rather than promoting the use of yuan offshore, the report said.

Wang Youxin, an economist at the Institute of International Finance of the Bank of China, said that the new rules would not affect borrowers in foreign countries, as long as they have legitimate needs.

"The central bank is not imposing a new cap, only enhancing regulations," said Wang.

Robin Xing, chief China economist with Morgan Stanley, said he foresees regulative bodies introducing more measures to regulate capital outflows if the United States Federal Reserve increases rates, keeping capital outflow pressures alive.

Wang said capital outflows tend to stabilize with such stricter inspections, which in turn improves investors' long-term outlook for the Chinese economy.

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
主站蜘蛛池模板: 国产精品二区三区免费播放心 | 王朝影院一区二区三区入口 | 精品久久成人 | 日本一区三区二区三区四区 | 色一级片| 亚洲一区在线视频 | 亚洲国产成人久久三区 | 精品在线免费观看 | 欧美一区欧美二区 | 99精品一区二区三区 | 精品高清国产a毛片 | 成人精品一区久久久久 | 国产一区二 | 成人免费夜片在线观看 | 亚洲精品国产三级在线观看 | 新版天堂中文资源官网 | 三级黄色毛片网站 | 欧美一级久久 | 久久久香蕉视频 | 香港台湾经典三级a视频 | 亚洲另类自拍 | 久久91精品国产91久久 | 欧美日韩一区二区三区免费不卡 | 欧美极品第1页专区 | 欧美日韩精品一区二区三区高清视频 | 亚洲成a人 | 天天澡夜夜澡狠狠澡 | 97se亚洲综合在线韩国专区福利 | 日韩精品a在线视频 | 91专区在线| 毛片一级在线观看 | chinese情侣真实自拍 | 特黄日韩免费一区二区三区 | 中文字幕无线码中文字幕网站 | 香蕉久久高清国产精品免费 | 在线视频欧美日韩 | 韩国一级毛片 | 国内精品久久久久影院亚洲 | 最新国产精品亚洲二区 | 在线男人天堂 | 亚洲精品成人一区二区aⅴ 亚洲精品成人一区二区www |