Zhou Xiaochuan: Foreign Exchange Management Reform Will First Realize The Basic Convertibility Of Direct Investment.
Governor of the Central Bank of China Zhou Xiao Sichuan In an interview with the latest issue of the China Central Bank's "China finance" magazine, he said the next stage RMB capital The reform of foreign exchange management will take the lead in realizing the basic convertibility of direct investment. Zhou Xiaochuan also listed the main measures to promote RMB capital account convertibility in the future.
Zhou Xiaochuan said that the future reform of external debt and debt will be accelerated.
Exchange control
To further relax the cross-border pactions of other personal capital projects.
Zhou Xiaochuan also said that the capital market liberalization will focus on further enhancing the level of securities investment convertibility.
When it comes to strengthening macro Prudential Management in the future, Zhou Xiaochuan said that China will implement dynamic adjustment measures of differential deposit reserve and guide monetary and credit growth moderately.
In view of systemically important financial institutions, we need to study and formulate higher capital, liquidity and large risk exposure requirements.
Zhou Xiaochuan pointed out that we should continue to stress the dominant position and role of common stocks and retained earnings in bank capital, raise capital requirements for business products such as asset securitization and derivatives trading, raise the minimum standard of capital adequacy ratio, set up leverage standards, emphasize capital constraints, and strengthen regulatory standards for liquidity risk.
Zhou Xiaochuan reiterated that this year we should steadily promote the marketization of interest rates and further improve the RMB exchange rate formation mechanism.
With regard to inflation and monetary policy, Zhou Xiaochuan said that China's economic recovery has been further consolidated and its economic growth momentum is relatively adequate, but at the same time, inflation expectations are increasing and inflation pressures are rising.
The US and other major economies continue to implement quantitative easing monetary policy, making the international liquidity spillover effect more obvious, further exacerbating the import inflationary pressure.
The direction of monetary policy from moderate easing to stability is conducive to strengthening the management of inflation expectations, preventing asset price bubbles, and preventing systemic financial risks.
- Related reading
There Is No Clear Target For &Nbsp In This Year'S Credit Market; Scale Reference Economic Growth Rate.
|SASAC Has Promoted The 16 Central Enterprises To List &Nbsp As A Whole This Year, And Totally Controls 7 Industries.
|- Foreign laws and regulations | Outsourcing Serves As An Important Trend In Sino ROK Economic And Trade Cooperation
- Consumer rights protection | Authority Tells You How To Protect Rights.
- Consumer rights protection | Danyang West Suburb Industry And Commerce Strengthens Consumer Rights Protection Work
- Consumer rights protection | 全疆首個(gè)消費(fèi)維權(quán)法學(xué)研究會(huì)成立
- Foreign laws and regulations | The Electricity Supplier Does Not Apply To The Leather Bags That Are Not Applicable To The Returned Bags.
- Consumer rights protection | Xiamen City Commerce And Industry Bureau Three Initiatives To Enhance 12315 Consumer Rights Protection Effectiveness
- Consumer rights protection | Consumer Online Shopping For Counterfeit Goods To The Dead End Of The Hutong
- Consumer rights protection | 7 Standardized Consumer Rights Protection Service Pilot Start
- Shoe material excipients | The Rapid Rise Of Shoe Material Complex In Wenzhou Boosts Industrial Upgrading
- Macro economy | China'S Central Bank Once Again Relaxed And Increased 20 Billion Yuan To Support Agriculture And Refinance.
- Cashel (Cacharel) 2011 Spring And Summer Women'S Wear Album
- Beijing Children'S Shoes Market Nine Kinds Of Children'S Shoes Were Exposed To Formaldehyde, Heavy Metals And Other Issues.
- The NDRC Has Laid Down &Nbsp For Key Industrial Layout And Adjustment Planning, Involving Nine Industries.
- Carbon Emission Reduction Is Difficult To Quantify And &Nbsp; Carbon Tax Carbon Trading Is Still Exploring.
- Chongqing Rural Commercial Banks Exercise "Green Shoes" In Full.
- Freezing Rain Hits &Nbsp; Express Company Cargo Backlog "Disaster"
- Babu'S Casual Leather Shoes Price Doubled &Nbsp In One Year; The Price Bureau Said It Was Not Illegal.
- Rising Cost Is Limited To &Nbsp, And Food And Beverage Industry Is Facing Difficulties.
- Us First Solar Energy Joint Development Of China Guangdong Nuclear PV Project
- Sinopec Will Supply 825 Thousand Tons Of Refined Oil To Xiang Gui Yu In January.