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Interpretation Of The RMB Market: External Reserves Will Also Stabilize The Situation.

2016/3/7 16:15:00 18

RMBForeign ReservesEconomic Situation

China

Central Bank

(PBOC) vice president Yi Gang said that the situation of foreign exchange reserves would also be stable along with the expected stability of the renminbi.

Overall, the decline in foreign exchange reserves and the result of remittance to the people are worth affirming. It is positive and consistent with expectations.

Yi Gang, a member of the National Committee of the Chinese people's Political Consultative Conference (CPPCC), said that China's foreign exchange reserves declined last year.

"Enterprises and residents are optimizing," Yi Gang said.

Balance sheet

There is nothing wrong with Tibet.

The accumulation of foreign exchange reserves from the central bank has been pferred to enterprises and families.

The latest figures show that China's foreign exchange reserves stood at $3 trillion and 230 billion at the end of 1, down 99 billion 500 million US dollars.

In 2015, foreign exchange reserves declined by 13%, of which the monthly drop in December was more than 100 billion US dollars.

In addition, Yi Gang also said that

Financial supervision system

The reform is still under study, and the authorities are still listening to the advice. The biggest possibility is not yet known. The experience of Britain, the United States, Australia, Japan and Russia can be used for reference.

Yi Gang pointed out that last year, a big drop in foreign exchange reserves was the increase in US dollar deposits in the domestic market, which increased by about 100000000000 in 2014 and tens of billions in 2015.

Another part is the US dollar external debt, which lasted for 18 months.

Yi Gang stressed that one of them should consider whether the new system should respond to the economic crisis and whether the financial crisis is strong and strong, and whether it can coordinate decisions. Two, we should consider the cost, incentive mechanism and confidence, and the power and responsibility should be consistent.

How to integrate the banking card protection system with the world, competitiveness and security need to be discussed.


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