China steps to curb hot money inflows

 
0 CommentsPrint E-mail Xinhua, November 9, 2010
Adjust font size:

China's foreign exchange regulator on Tuesday introduced measures to increase checks on the foreign exchange businesses and further curb inflows of hot money.

The move came a week after the U.S. Federal Reserve announced a new round of "quantitative easing," raising concerns about excessive liquidity.

The State Administration of Foreign Exchange (SAFE) said in a statement on its website that it would strengthen auditing of fund repatriation by Chinese companies listed overseas, and of inbound investment by foreign-invested companies.

The SAFE also set a floor on the size of foreign exchange positions for banks operating here, and said bank's daily net U.S. dollar positions should not be less than that of the previous day.

It would also strictly supervise financial institutions' quotas for the use of short-term foreign debt and prevent banks from overusing their quotas, the statement said.

The SAFE said the measures were aimed at maintaining China's economic and financial security.

On Nov. 1, the SAFE published a list of companies and individuals who had been fined for falsifying contracts and claims for the use of speculative capital during foreign exchange deals.

Zhou Xiaochuan, governor of the People's Bank of China, said Friday that Chinese regulators would work to prevent abnormal capital inflows by bolstering foreign exchange controls and maintaining overall liquidity at a proper level.

He warned that the second round of "quantitative easing" by the United States might have a negative impact on the global economy, and flood the global economy, especially emerging economies, with liquidity.

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 绿巨人app黄| 久久国产免费福利永久| 成人福利免费视频| 久久精品国产99精品国产2021| 欧美疯狂性受xxxxx喷水| 免费看美女部位隐私直播| 色伦专区97中文字幕| 国产成人精品怡红院在线观看| 4399理论片午午伦夜理片| 大学生男男澡堂69gaysex| 三上悠亚精品二区在线观看| 日朝欧美亚洲精品| 乱人伦人妻中文字幕在线入口| 欧美日韩欧美日韩| 国产精品视频第一区二区三区| 一个人看的www在线免费视频 | 嘟嘟嘟www在线观看免费高清| 韩国免费一级成人毛片| 国产手机在线αⅴ片无码观看| 香港三级欧美国产精品| 国产精品美女自在线观看免费| 99久久国语露脸精品国产| 天天干天天干天天插| mm131美女爽爽爽作爱视频| 岛国大片免费观看| 三级理论中文字幕在线播放| 我要看18毛片| 亚洲另类自拍丝袜第五页| 波多野结衣免费在线观看| 伊人久久中文字幕| 男生gay私视频洗澡| 八区精品色欲人妻综合网| 美女张开腿让男人桶的视频| 国产av午夜精品一区二区入口| 又粗又硬又爽的三级视频| 国产美女高清**毛片| 97精品在线视频| 成人一a毛片免费视频| 中文字幕中文字幕| 成年女人免费v片| 中文字幕免费在线观看动作大片|