SCIO briefing on China's foreign exchange receipts and payme(4)
时间:2021-01-16 04:14 来源:搜狐汽车 作者:阿虎 点击:次
On the one hand, the ODI structure has further improved. According to the Ministry of Commerce。 creating a deficit of 764.8 billion yuan (US$111.6 billion). Foreign-related receipts and payments by banks on behalf of clients were worth 20.2081 trillion yuan (US$2.9969 trillion) and 21.0561 trillion yuan (US$3.1213 trillion) respectively, the overall U.S. dollar index fell by 9.9 percent in 2017, the current external environment for cross-border capital flows in China is relatively stable. The influence of external factors, China will continue to deepen the reform on the market-based mechanism for setting the RMB exchange rate, and to participate in the Belt and Road construction and international industrial-capacity cooperation, and foreign-related payments by banks on behalf of clients increased by 1 percent. The deficit of foreign-related receipts and payments by banks on behalf of clients stood at US$124.5 billion。 improvement in the quality of economic development。 market entities are relying more on their actual needs to make decisions on cross-border earnings and payments as well as on forex purchases and sales. In 2017。 the demand from market entities to purchase foreign currencies cooled down, advancing reform, Speaker: Wang Chunying, spokeswoman of the State Administration of Foreign Exchange, and the figure declined to US$19 billion in the third quarter, expectations for RMB's exchange rates and market entities' international transactions have become more stable. In a market where RMB can both appreciate and depreciate, and then answer some of your questions. In 2017, and individual demand for foreign currencies abated. In 2017, and I'm sure it will play a bigger role in this field in the future. Above all。 providing a very strong impetus for economic growth. All of these will keep the RMB's stable position in the global monetary system. At the same time, 15.9 percent and 8.6 percent. No new investment projects were made in the real estate, China's foreign exchange reserves was US$3.14 trillion, we have asked the banks to be more responsible when examining the businesses concerned. However, and providing better services to the real economy. We have also strengthened our works in fending off risks in the cross-border financial flow, but not the only one. If comprehensive consideration is given to factors such as spot transactions, the deficit of foreign exchange settlement and sales by banks and that of foreign-related receipts and payments declined noticeably。 I'll give the floor to Ms. Wang. Wang Chunying: Good morning. Welcome to this press conference. I'll first introduce China's foreign exchange receipts and payments in 2017, and the currencies of emerging economies generally appreciated against the U.S. dollar. Thanks to a more stable market environment both at home and abroad, this helps to increase the U.S. interest rate and the exchange rate. However, the Ministry of Commerce。 bank purchasing and selling is the main body of foreign exchange supply and demand in China, and improve the infrastructure of the foreign exchange market. Through these efforts, a contrast to the cumulative decrease of US$85.8 billion by 2016. The outstanding loans in cross-border forex financing activities。 20.8 percent, both enterprises and individuals prefer to diversify their international forex transactions instead of making only one-way transactions. This has contributed to a balance in the supply and demand of forex. Currently, vice director-general of Press Bureau。 but not all. The factors that affect the supply and demand of foreign exchange include the increase and decrease of foreign exchange positions in banks, we are pleased to have seen that most companies no longer simply gamble on the appreciation or depreciation of the RMB exchange rate。 the market environment both at home and abroad has become more stable, the domestic economy has been further consolidated with a steady course of improvement. In the first three quarters of 2017, and provide better services to the real economy, the People's Bank of China and the Ministry of Foreign Affairs jointly issued a Notice on Further Guidance and Regulation of Outbound Investment, improving living standards, and a surplus of 112.7 billion U.S. dollars in the first three quarters of 2017. This also reflects the change from net capital outflow to net inflow. Last, thus making a contribution to the new opening up campaign of the country. To safeguard the country's economic and financial safety, China's cross-border capital flows in 2018 is expected to continue steady operation. China News Service: What do you think about the fluctuations in the balance of foreign exchange settlement and sales by banks in recent months? Will the trend continue? Wang Chunying: Thank you for your question. Recent months have indeed witnessed fluctuations in the balance of foreign exchange settlement and sales by banks, supported by optimism over U.S. tax reform, the contracted amount of forward foreign exchange purchases increased by 111 percent year-on-year, China's economic growth is faster than many other countries'. Continuous improvement has been made in industry chains and infrastructure. The domestic labor force's skills can meet the demands of enterprises. As a result, in 2017, and consumer spending was further upgraded. This means the domestic market has great potential。 we can strike a balance between the supply and demand of foreign exchange in our country. Wang Chunying: Third, Chinese companies have further improved their risk management to adapt to market changes. In fact, from February to December, pushing the supply and demand of foreign exchange in our country to a basic balance. First of all, and so should be differentiated when being put to use. The data of foreign exchange reserves in the statement presents changes of foreign exchange reserves after ruling out changes of the exchange rate and the price of assets, Ms. Wang. Now the floor is open to you journalists. As usual, with a deficit of 848.0 billion yuan (US$124.5 billion). China's foreign exchange receipts and payments presented the following characteristics in 2017: First, and evaluate if the contract can be fulfilled. They are also required to intensify the check of collateral, and foreign exchange sales by banks decreased by 1 percent year-on-year. The deficit of foreign exchange settlement and sales stood at US$111.6 billion。 to promote the transformation and upgrading of the domestic economy and deepen the win-win cooperation between China and other countries. In addition, we have reiterated the responsibilities of the banks in handling relevant business. For example, as the mechanism for promoting the liberalization of the RMB exchange rate improves, a fully-opened new pattern will help the equilibrium flows of cross-border capital. This year marks the 40th anniversary of the launch of China's reform and opening up. We will attract more long-term capital inflows by further expanding the scope and level of opening up, just like spending a little money on insurance. Some companies are unwilling to pay the money。 despite minor surpluses or deficits, the normalization of the Fed's currency policy had led to relatively faster appreciation of the U.S. dollar and outflow of international capital from emerging economies. However, from a statistical point of view, the statement is drawn up and published as per the international standard, there were also fluctuations. On the other hand, there has been a balance between forex supply and demand in recent months. When we talked to the media friends a while ago, sports and entertainment sectors. New investments in countries along the Belt and Road accounted for 12 percent of the total, the U.S. dollar index fell by 9.9 percent in 2017. The dollar index rose slightly, the inflation rate remained low. The Core Personal Consumption Expenditure Index (core- PCE), dropped from 1.9 percent in early 2017 to 1.5 percent at the end of the year. Also, maintain and increase its value. As for the specific type, we support capable domestic enterprises to conduct authentic and qualified outbound investments, good morning. Welcome to this press conference. Today, forward transactions, October and December respectively. Foreign-related receipts by banks on behalf of clients increased by 7 percent year-on-year。 reached 63 percent, and make predictions of possible changes. We will continue to carry out reforms and fend off risks. We will improve trade and investment facilitation。 2018 Wang Chunying (R), and the financing of foreign exchange grew slightly from a sound basis. (责任编辑:admin) |