• <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 >

    The Logic Of Judging Whether Monetary Authorities Exert Their Influence On Their Own Initiative

    2014/8/19 15:56:00 18

    CurrencyLogicEconomic Situation

    < p > according to the current opening degree of China's current account and capital account, foreign exchange mainly flows into China through the following ways: one is foreign exchange earnings generated by foreign trade under current account items, the net inflow scale is roughly a trade surplus, foreign direct investment inflows into China's foreign exchange earnings, and foreign exchange inflow formed by QFII's investment in China's capital market.

    In these three main ways, QFII is smaller, < /p >.


    < p > up to July 30, 2014, the investment quota of QFII was only 57 billion 898 million US dollars, while in 2013, the trade surplus was 259 billion 753 million US dollars and the foreign direct investment amount was 117 billion 586 million US dollars.

    In terms of foreign direct investment and trade surplus, foreign exchange inflows generated by foreign direct investment were larger before 2005. After 2005, the trade surplus generated the first channel of foreign exchange inflow.

    < /p >


    In terms of foreign exchange settlement, since 2007, < a href= "http:// www.91se91.com/news/index_c.asp" > current account < /a >, enterprises can independently retain foreign exchange according to their operating conditions, but the settlement of foreign exchange by QFII and foreign direct investment is still strictly managed.

    < /p >


    < p > because the overall scale of < a href= "http:// www.91se91.com/news/index_c.asp" > QFII < /a > is relatively small, so in the follow-up analysis, we mainly consider the foreign exchange inflow caused by foreign direct investment and trade surplus.

    After clarifying the main channels of foreign exchange inflows, we can judge whether the people's Bank of China has taken the initiative to influence the exchange rate according to the following path: if the trade surplus and foreign direct investment show < a href= "http:// www.91se91.com/news/index_c.asp" > foreign exchange < /a > inflow into the territory, there will be a larger demand for settlement, that is, enterprises need to sell foreign exchange and buy Renminbi.

    < /p >


    According to the above analysis of the level of foreign exchange market, we can envisage the potential route of exchange settlement to the behavior of exchange settlement: the enterprise sells foreign exchange to the bank first, and then sells the foreign exchange position which is not willing to hold to the people's Bank of P.

    In this process, the people's Bank of China is the last buyer of foreign exchange, which is confirmed by the growing growth of foreign exchange reserves in China.

    < /p >


    < p > but if the data of foreign trade surplus and foreign direct investment show that there is foreign exchange inflow and the foreign exchange balance does not rise or fall, it shows that the people's Bank of China also sells foreign exchange in the interbank market. This behavior will undoubtedly increase the volume of foreign exchange sales, guide the formation of a lower intermediate price and promote the appreciation of the people. Similarly, if the increase in the foreign exchange balance is much higher than the actual inflow of foreign exchange, then the people's Bank will guide the market to provide the amount of foreign exchange that will go far beyond the current foreign exchange inflow with corresponding prices, thereby forming a higher middle price and promoting the depreciation of the RMB.

    < /p >

    • Related reading

    Exclusive Analysis Of The Crisis Behind Wenzhou'S Clothing Industry

    Finance and economics topics
    |
    2014/8/19 10:16:00
    33

    RMB Arbitrage Pactions Again Attracted The Most "Asian".

    Finance and economics topics
    |
    2014/8/19 10:07:00
    21

    2013 Futures Trading Scale Growth Rate Of Over 40%

    Finance and economics topics
    |
    2014/8/18 18:03:00
    20

    Create International Fire! Wuhan Creates International Business Opportunities

    Finance and economics topics
    |
    2014/8/18 17:41:00
    29

    The Actual Use Of Foreign Capital In July Was 7 Billion 800 Million US Dollars, Down By 16.95% Over The Same Period Last Year.

    Finance and economics topics
    |
    2014/8/18 16:34:00
    23
    Read the next article

    Under The Market Interest Rate, The Main Exchange Rate Shows A Two-Way Fluctuation.

    In July 2014, the capital market of the RMB market was relatively loose and the market interest rate was lower. The bond market was active and the yield curve moved up as a whole. The intermediate price of the RMB rose first and then depreciated, and the paction price increased slightly. The interest rate swap curve of the RMB rose, interest rate swap volume increased significantly, the exchange rate derivative curve moved upward and the exchange rate derivatives were active.

    主站蜘蛛池模板: 在线播放中文字幕| 波多野结衣中文无毒不卡| 日本天堂影院在线播放| 樱桃视频影院在线观看| 国产精品福利自产拍在线观看| 亚洲男女一区二区三区| 99久久亚洲精品无码毛片| 污污网站免费观看| 国产精品莉莉欧美自在线线| 亚洲欧美日韩一级特黄在线| 884hutv四虎永久黄网| 欧美日韩国产另类在线观看| 国产精品极品美女自在线观看| 亚洲日韩国产成网在线观看| 窝窝午夜色视频国产精品东北| 案件小说2阿龟婚俗验身| 国产成人精品免费视频大全可播放的| 午夜一区二区在线观看| 一本色道久久综合亚洲精品 | 爆乳女仆高潮在线观看| 在逃生游戏里挨c海棠小说| 午夜福利视频合集1000| 一个人看的日本www| 激情小说亚洲图片| 国产精品入口麻豆完整版| 五月婷婷丁香网| 蜜中蜜3在线观看视频| 性欧美黑人巨大videos| 在线资源天堂www| 亚洲国产一成人久久精品| 麻豆国产精品一二三在线观看| 日本一本二本免费播放视频| 又粗又黑又大的吊av| XXX2高清在线观看免费视频| 欧美日韩一二三| 国产在线高清一级毛片| 中国男同videos| 毛片基地免费视频a| 国产欧美国产精品第一区| 久久av无码精品人妻糸列| 被公侵犯肉体中文字幕|