日韩午夜精品视频,欧美私密网站,国产一区二区三区四区,国产主播一区二区三区四区

Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
Shanghai Hub Dream Pegged to Free Yuan
Adjust font size:

A top central government economic adviser yesterday said pursuing free convertibility of the renminbi is key to building Shanghai into an international financial center.

 

Xia Bin, head of finance institute of the State Council Development Research Center, also noted the pace of opening up China's financial market should be "moderate" to contain potential risks at a time when the country's financial system is not yet fully developed.

 

"China should take gradual and progressive steps to allow market forces to dictate the foreign exchange rate for the renminbi to ensure a sustainable development of the economy," said Xia at the Global Chinese Financial Forum held in Shanghai yesterday.

 

Echoing Xia, Li Yongsen, an economics professor at Renmin University of China, said: "The absence of a freely convertible currency makes it impossible for the establishment of an international financial center. We must bear in mind that currency reform is a complicated and a long-term task."

 

Xia also said the authorities should consider measures to check the scale of shares held by foreign capital in China's financial institutions and the speed of foreign capital's flow into China's property market to ensure the stability of the capital market and ensure continuous economic growth.

 

On rising inflation, Xia said the consumer price index is not the sole barometer for the central bank to determine monetary policies. "The central bank is expected to keep a close watch on the movements of asset prices as the focus of any action on the monetary front will continue to be on dampening liquidity growth in the capital market."

 

Xia noted that efforts should also be spent on a closer cooperation between Shanghai and Hong Kong to optimize resources in the two cities and complement each other to achieve mutually beneficial development.

 

"There is no denial that the growing size of China's economy is lending support to the development of the financial market," said Luo Yuding, a professor of securities and futures school with Shanghai University of Finance and Economy.

 

Experts at the forum highlighted the increasing importance of the commodity market in the development of China's financial market.

 

"The commodity market is to become China's most important market. Prices of commodities in Asia and China are expected to go much higher in the next 25 to 30 years," said Jim Rodgers, investment guru and co-founder of Quantum Fund.

 

(China Daily July 27, 2007)

 

Tools: Save | Print | E-mail | Most Read

Comment
Username   Password   Anonymous
 
Related Stories
Shanghai GDP Grows Blistering 13 Pct in First Half
Shanghai New Bank Boss Seen as Push to Hub Drive
Shanghai Leads Hong Kong in Dual Shares
Shanghai Unveils Financial Blueprint

July 19 Shanghai Shanghai Finance Forum

Aug. 8-10 Beijing Company Summit Conference of China

Aug. 18-19 Beijing China Economic Development Forum

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback
SEARCH THIS SITE
Copyright ? China.org.cn. All Rights Reserved E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP證 040089號
主站蜘蛛池模板: 凤阳县| 河北省| 绥滨县| 恩平市| 泸西县| 保定市| 章丘市| 华蓥市| 连山| 阿荣旗| 泗洪县| 彭阳县| 鸡西市| 甘德县| 外汇| 长武县| 高青县| 黔东| 浮山县| 竹溪县| 江达县| 武强县| 昌乐县| 健康| 新昌县| 京山县| 双牌县| 达日县| 凯里市| 东兰县| 黄冈市| 鄱阳县| 阜新市| 宁陵县| 资兴市| 开原市| 中山市| 阿拉善右旗| 宁海县| 曲阳县| 定陶县|