在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

   

Agency to invest forex reserves

By Xu Binglan (China Daily)
Updated: 2007-03-10 08:40

Finance Minister Jin Renqing on Friday confirmed reports about China's plan to set up a specialized agency to invest a portion of the country's hefty foreign exchange reserves.

Jin said the State Council , the Cabinet, had decided to divide the country's foreign exchange reserves into two parts "normal" reserves and money to be used for investment seeking "more profits".

He made the remark at a press conference on the sidelines of the annual session of the National People's Congress (NPC), the parliament.

The first part will be managed by the State Administration of Foreign Exchange (SAFE).

At the end of last year, China's foreign exchange reserves stood at $1.07 trillion, the world's largest.

"How to manage and operate the big wealth of our reserves well is indeed a big issue," Jin said.

Officials and experts have reached a consensus that the size of China's foreign exchange reserves was bigger than needed for its regular purpose: short-term payment for international trade and contingencies.

SAFE currently manages all of the reserves. It never discloses where it invests the money. But international observers believe that a considerable part is used to purchase US treasury bonds.

Premier Wen Jiabao was reported as saying at a national financial work conference in January that the country would explore new ways to manage the reserves, which sparked guesses about concrete steps.

Official information about the investment company began being leaked this week from key financial officials.

On Thursday, former SAFE Director Guo Shuqing said the new company would be integrated with the Central Huijin Investment Co, the investment arm of the central People's Bank of China.

Huijin was established in 2003. It has already used part of the foreign exchange reserves to recapitalize major State banks and other State-owned financial institutions.

Guo's comments contravened earlier news reports that the company would be independent of both SAFE and Central Huijin.

On the same day, current SAFE Director Hu Xiaolian said it was still too early to discuss the size of reserves to be managed by the new company.

"It has not been decided," she told reporters.

(China Daily 03/10/2007 page1)



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 免费观看av毛片 | 欧美久久久久久久久久伊人 | 亚洲国产一区视频 | 亚洲三级在线 | 性国产xxxx乳高跟 | 中文字幕亚洲一区二区三区 | 精品视频一区二区在线 | 日韩欧美综合在线 | 免费观看黄色大片 | 91在线免费看 | 国产精品久久一区 | 成人a视频 | gav成人免费播放视频 | 一本一道久久a久久精品蜜桃 | 成人欧美一区二区三区在线播放 | 午夜影院在线观看视频 | 国产精品一区二区不卡 | 中文字幕在线乱码不卡二区区 | 国产精品久久国产精麻豆99网站 | 国产福利91精品一区二区三区 | 成人看片免费网站 | 中文字幕国产一区 | 欧美黑人xx | 亚洲成人中文字幕 | 国产精品一区二区三区四区 | 国产一级一级 | 欧美电影一区 | 精品欧美激情在线观看 | 免费黄色污网站 | 国产精品不卡视频 | 国产精品免费一区二区 | 国产一区二区三区四区在线观看 | 久久99精品久久久水蜜桃 | 亚洲视频免费在线 | 久久久网站 | 亚洲国产精品久久久久 | 日韩三区 | 亚洲国产精品久久久 | 国产精品观看 | 久久精品在线观看视频 | 男女羞羞视频免费看 |