三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

  Home>News Center>China
       
 

Betting on renminbi's appreciation banned
(China Daily)
Updated: 2004-12-10 00:37

China's foreign exchange (forex) watchdog yesterday vowed to get tougher on speculation on the renminbi's appreciation.

"We now seriously warn all speculators engaged in illegal speculative activities that the State Administration of Foreign Exchange (SAFE)... will not ignore any activities and evidence of misdeeds that play havoc with the order of our foreign exchange market," a SAFE spokesman said in a statement.

The spokesman was responding to media reports saying that up to US$1 trillion in hot money has been used to speculate on the appreciation of China's currency.

Hot money is a term used in financial circles for funds that flow across different markets for quick speculative profits.

The spokesman said that SAFE has spotted "abnormal phenomena" such as cheating in import and export price reporting and excessive borrowing of funds.

"These behaviours, to a large extent, have characteristics of speculative arbitrage," the spokesman said.

He made special reference to speculation in the real estate market, where soaring prices are believed to be partly caused by funds illegally channeled into China.

The spokesman admitted that China's financial system has loopholes that can be used by international speculators.

But the costs of such speculative activities are high, he said.

The renminbi is not fully convertible, which makes it very difficult for speculative funds to enter and leave China.

So it's not possible for such activities to have a large impact.

However, SAFE will not tolerate any illegal speculation, the spokesman said.

The spokesman said SAFE will monitor capital flow more carefully and mend loopholes in foreign exchange administration in a timely manner.

It will also closely work with law enforcement departments in its fight against wrongdoings in the foreign exchange market, he said.



 
  Today's Top News     Top China News
 

Coal mine explosion kills 33 in north China

 

   
 

Market recognition benefits China, EU

 

   
 

Foreign trade tops US$1 trillion

 

   
 

Government aims to fatten farmers' wallets

 

   
 

Japan to export arms for missile shield

 

   
 

Al Qaeda to attempt major marine attack

 

   
  Coal mine explosion kills 33 in north China
   
  Former governor sentenced to 11 years in prison
   
  Court helps workers get overdue pay
   
  Chinese media spread global views
   
  Deal inked to quell fishing disputes
   
  Government aims to fatten farmers' wallets
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
12 foreign banks apply for RMB business
   
To revalue renminbi, or not?
   
RMB savings soars to 9 billion in HK
   
Speculative money: A hot potato for China
   
Central bank allows more RMB out of border
   
Central bank allows more RMB out of borders
   
China questions dollar slide
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 黄色三级视频在线观看 | 亚洲综合日韩精品欧美综合区 | 国自产在线精品免费 | 永久精品免费影院在线观看网站 | 黄色在线免费观看 | 91国语精品自产拍在线观看性色 | 国产精品视频一区二区三区经 | 中国一级特黄的片子免费 | 欧美二级黄色片 | 日本亚洲精品成人 | 久久精品视频在线播放 | 中国一级黄色毛片 | 嘿嘿嘿视频免费网站在线观看 | 日韩a级片在线观看 | 成人欧美一区二区三区在线观看 | 九九爱www高清免费人成 | 色在线影院 | 欧美a级成人淫片免费看 | 好湿好紧好痛a级是免费视频 | 亚洲婷婷丁香 | 美女内部福利视频在线观看 | 国产黄色片大全 | 女性特黄一级毛片 | 国产91久久最新观看地址 | 在线观看www妖精免费福利视频 | 在线看亚洲 | 在线免费你懂的 | 国产aaa免费视频国产 | 中文字幕亚洲视频 | 午夜精品一区二区三区在线视 | 成人免费淫片在线费观看 | 日韩在线观看第一页 | 国产精品一二三区 | 国产在线观看91精品一区 | 高清国产美女在线观看 | free 性欧美69hd | 日本一区二区三区四区无限 | 国产美女无遮挡免费视频 | 尤蜜视频在线观看播放 | 亚洲欧美日韩成人一区在线 | 免费又黄又爽又猛大片午夜 |