• <abbr id="ck0wi"><source id="ck0wi"></source></abbr>
    <li id="ck0wi"></li>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li><button id="ck0wi"><input id="ck0wi"></input></button>
  • <abbr id="ck0wi"></abbr>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li>
  • Home >

    RMB Exchange Rate Reinnovation High Spreads Spreads Spreads Arbitrage Driven Hot Money Pressure

    2011/9/22 9:18:00 23

    RMB Exchange Rate Bank

    After a slight correction in the first two months, China's financial institutions added 376 billion 940 million yuan to foreign exchange in August, a rise of 70% over the 219 billion 564 million yuan increase in July.

    Data released by the central bank on the 21 day show that the hot money is driven by the double arbitrage income of spreads and spreads.

    Some experts pointed out that in the context of RMB internationalization and further acceleration of capital account liberalization,

    RMB

    The form of hot money can be more easily obtained by this double income and more dynamic, worthy of vigilance.


    As an important indicator of foreign exchange inflow, as of the end of 8, China

    foreign exchange

    The total amount is RMB 25 trillion and 260 billion yuan.

    Looking back on history, foreign exchange accounted for only 2 trillion and 210 billion yuan at the end of 2002, and has increased by more than 11 times so far.

    The increment of foreign exchange accounted for the incremental proportion of the central bank's basic currency, which exceeded 100% in 2005, reaching 110%.

    The next few years continued to rise sharply, reaching 134% in 2009.


    Market expectations for the continued appreciation of the renminbi are one of the drivers behind foreign exchange inflows.

    In September 21st, the RMB exchange rate in the interbank foreign exchange market was 1 yuan to 6.3772 yuan.

    The yuan rose 108 basis points against the US dollar, not only lifting the 6.38 barrier again, but also creating a new high since the reform.

    By the 21 day, by the middle price, the appreciation of RMB against the US dollar has exceeded 3.7% this year.

    Jiang Shu, senior foreign exchange and gold analyst at 13.19,0.35,2.73%'s capital operations center, recently said that the appreciation of the renminbi will be between 4% and 5% this year. Once the Federal Reserve has launched QE3, the annual appreciation of the yuan will be 7% to 8%.


    In addition to the appreciation of the renminbi, China's "high interest rate" is also attracting.

    capital

    One of the important reasons for inflow.

    At present, the US and European economies continue to slump, maintaining ultra-low interest rates has become the first choice, and Brazil and other emerging economies are also cutting interest rates one after another.

    Under the global loose monetary policy environment, China's interest has shown some "attractiveness".

    That is to say, even if the external capital flowing into the bank is nothing to do, it will be easy to get the double benefits.


    As a speculative capital, the hot money abroad is mainly in the form of US dollars and other foreign currencies. With the promotion of RMB internationalization and the accumulation of more and more offshore renminbi in Hongkong, a new hot money, which exists in the form of RMB, has begun to appear.

    Such a pfer can earn tens of millions of dollars in cross border speculation between the mainland and Hongkong.

    How large is the hot money of this RMB form? At present, the way to accumulate Renminbi in Hongkong market is mainly through cross border trade RMB settlement.

    According to the central bank data, as at the end of 7, the total amount of RMB settlement business under the current cross border trade was 1 trillion and 630 billion yuan.

    According to the estimation of professional institutions, 80% to 90% of the trillion settlement accounts for the settlement of imports of goods, and 10% to 20% for export settlement.


    "The import and export of Renminbi is much higher than that of the export receiving Renminbi. This unilateral settlement means that most of the RMB flows out of the country through this way, and the strong appreciation of the renminbi is expected to strengthen the willingness of overseas holders to hold Renminbi."

    Zhao Qingming, an international financial expert, told the economic reference daily.

    This part of the renminbi is not on the Hongkong market, but the interest rate of RMB deposits in the offshore RMB market in Hongkong is relatively low. The yield of RMB bonds and other investment products is not high, and this part of hot money is also permeating the mainland through various channels.

    Recently, the Ministry of Commerce issued a notice on the issue of cross border RMB direct investment (Draft), which means that after a small pilot, the regulatory framework for cross-border RMB direct investment (RMB FDI) was formally promulgated.

    Following the RMB's investment in the domestic inter-bank bond market and the R-QFII (RMB qualified foreign investors) mechanism, an overseas RMB reflux channel will be added.


    "The capital account liberalization under the local currency will increase the arbitrage opportunity of the hot money in the form of RMB. In addition, the hot money in the form of foreign currency before entering the country needs a remittance cost, and the hot money of the RMB form has a larger set of interest because there is no such exchange cost."

    Insiders pointed out.

    • Related reading

    RMB To Us Dollar Record High And Euro Appreciation Cycle

    financial news
    |
    2011/9/22 9:15:00
    25

    &Nbsp Was Affected By The Rise Of The US Dollar; 21 Day Oil Prices Fell.

    financial news
    |
    2011/9/22 9:11:00
    27

    The Standard Of Bank Account Printing Cost Is &Nbsp, And Bank Of China Charges The Highest.

    financial news
    |
    2011/9/22 8:59:00
    22

    Ministry Of Commerce: Cross Border RMB Direct Investment Opinions Will Be Issued As Soon As Possible.

    financial news
    |
    2011/9/21 9:54:00
    43

    IMF Lowered China'S GDP Growth Rate To 9.5% In 2011.

    financial news
    |
    2011/9/21 8:58:00
    26
    Read the next article

    Shanxi China Expo Volunteers Wear Costumes

    Volunteers are guests' eyes at large exhibitions, and a consistent volunteer is also a beautiful view on the exhibition. Volunteers dressed in white, red and blue will provide the most intimate and considerate service to visitors during the current "China Expo".

    主站蜘蛛池模板: 国产区在线观看视频| 日本欧美大码aⅴ在线播放| 国产资源在线免费观看| 人人妻人人添人人爽日韩欧美 | 国产农村妇女毛片精品久久| 四虎影视免费永久在线观看| 久久99久久99精品免观看| 18gay台湾男同亚洲男同| 粉嫩小仙女脱内衣喷水自慰| 很黄很污的视频网站| 六月婷婷中文字幕| a级毛片高清免费视频在线播放| 狂野欧美激情性xxxx| 国精品午夜福利视频不卡麻豆| 亚洲欧美久久精品1区2区| www亚洲精品| 色综合久久88色综合天天| 无码av岛国片在线播放| 国产情侣一区二区三区| 亚洲а∨天堂久久精品| 99亚洲精品高清一二区| 欧美日韩亚洲成色二本道三区| 妞干网免费视频在线观看| 偷拍激情视频一区二区三区 | 18岁大陆女rapper欢迎你| 欧美伊人久久大香线蕉综合| 在线|一区二区三区| 伊人色综合九久久天天蜜桃| 99久久国产宗和精品1上映| 疯狂做受xxxx高潮不断| 在人间电影在线观看完整版免费| 亚洲成色在线综合网站| 999zyz玖玖资源站永久| 熟女精品视频一区二区三区| 国产精品高清全国免费观看| 亚洲综合无码一区二区三区| a毛片在线免费观看| 欧美国产综合在线| 国产传媒在线播放| 久久亚洲sm情趣捆绑调教| 风间由美性色一区二区三区|