Yi gang: the Fed raising interest rates is a good Central Bank ready
Yi gang: the Fed raising interest rates is a good Central Bank ready
Commentary on June 7, the eighth round of the China-us strategic and economic dialogue was held in Beijing during the Yi gang, a Vice Governor of the people's Bank of China at a media briefing, the markets concerned about the impact of possible Federal Reserve interest rates, currency exchange rates, the United States provided 250 billion yuan line of RQFII in response to the problem of. He said if the Federal Reserve raised interest rates, positive on China's economy, China's Central Bank is well prepared.
Yi gang, a Vice Governor of the people's Bank of China in the same period
If (the Fed) raised interest rates, then the United States economy should be said to be strong, demand is relatively strong, United States needs strong, in fact, is a good thing for the Chinese economy. The other party, if United States interest rates, are likely to further dollar strength, but funds are likely to flow around the world United States. We from the Central Bank, from the point of view of monetary policy should be ready and want to raise interest rates after the rhythm and stride length and also has an analysis, so we have a more comprehensive understanding, prepared in the process can be more fully prepared it.
Explanation when talking about the currency issue, Yi gang said the current RMB exchange rate markets to stabilize.
Yi gang, a Vice Governor of the people's Bank of China in the same period
The RMB exchange rate, market was stabilizing, market expectations have begun to clearly recognize the RMB exchange rate based on market supply and demand based on the managed floating exchange rate regime with reference to a basket of currencies. Now I feel like such a mechanism in the stable, more transparent.
Explanations, Yi gang, said China-us economic dialogue fruitful this year, with the advancing internationalisation, RMB business in North America. China has decided to give us 250 billion yuan to qualified foreign institutional investors (RQFII) lines in the United States will have renminbi clearing bank.
Yi gang, a Vice Governor of the people's Bank of China in the same period
United States market is a very important market, so the United States line of RQFII line is $ 250 billion yuan. We highly value the United States team and the cooperation of the Chinese side on the market to jointly promote renminbi business in North America. Internationalisation as a whole, it is a market-driven process, which means that market demand for RMB business, such as import and export of goods trade and counterparty, if the Renminbi clearing may be more convenient, more saving transaction costs, such as mutual investment between the US and North America, investments can be more effective with Yuan, saving about the financial costs.
Explanation for the expansion of renminbi cross-border use, promoting China's capital markets, 2011 countries launched the Yuan at the end of the qualified foreign institutional investor (RQFII) pilot allows eligible foreign institution within the approved limit, use from offshore renminbi to invest in domestic securities markets.
Yi Gang said that China's market is open, and treats all financial institutions are fair competition, national treatment. Will consider qualified foreign institutions in the interbank market to do settlement agents and bond underwriting, will simplify the procedures of RQFII and RQFII in the future. In addition, in promoting financial infrastructure interoperability, and positive progress in the bilateral cooperation.

(Editors: Zhong Qinghui UN660)
2016-06-07 19:51:00
China News Network

易纲：美联储若加息是利好 中国央行作好准备
易纲：美联储若加息是利好 中国央行作好准备

　　解说6月7日，第八轮中美战略与经济对话在北京举行期间，中国人民银行副行长易纲在媒体吹风会上，对市场关注的可能的美联储加息影响、人民币汇率、向美国提供2500亿元RQFII额度的问题进行了回应。他表示，美联储如果加息，对中国经济利好，为此中国央行已经作好了准备。

　　同期中国人民银行副行长 易纲

　　如果(美联储)加息的话，那么说明美国的经济应当说是走强，需求就比较强劲，美国需求强劲，其实对中国经济来说也是个好事。另一方，如果美国加息，有可能美元进一步走强，而且全世界资金有可能流向美国。那么我们从中央银行，从货币政策的角度应该说作好准备，同时要对它加息以后的节奏、步长和力度也有一个分析，这样我们就有一个比较全面的认识，准备的过程中也可以把它准备得比较充分。

　　解说谈到人民币汇率问题时，易纲表示，当前人民币汇率市场趋于稳定。

　　同期中国人民银行副行长 易纲

　　就人民币汇率呢，最近市场是趋于稳定，市场预期也开始比较清晰认识到人民币汇率是以市场供求为基础、参考一篮子货币的有管理的浮动汇率。这样的一个机制我现在觉得在趋于稳定，在更加透明。

　　解说易纲表示，今年中美经济对话取得丰硕成果，随着人民币国际化进程不断推进，人民币业务将在北美开展。中国决定给予美方2500亿元的人民币合格境外机构投资者(RQFII)额度，将来在美国会有人民币清算行。

　　同期中国人民银行副行长 易纲

　　美国的市场也是非常重要的一个市场，所以给美国的额度是2500亿元人民币RQFII的额度。我们高度评价美方小组和中方有关市场合作，共同推进人民币业务在北美开展。整个人民币国际化，它是一个市场驱动的过程，也就是说市场对人民币业务有需求，比如说货物贸易如果和对手方进出口，如果用人民币清算可能更方便，更节约交易成本，比如说我们和北美之间相互的投资，用人民币投资也是可以更加有效，更加节约有关企业的财务成本。

　　解说为扩大人民币跨境使用，推进中国资本市场开放，2011年底国家推出人民币合格境外机构投资者(RQFII)试点，允许符合条件的境外机构在批准的额度内，运用来自境外的人民币资金投资境内证券市场。

　　易刚表示，中国的市场是开放的，对待各国金融机构是公平竞争、国民待遇。将考虑合格的外国机构在银行间市场做结算代理人和债券承销，将来会简化RQFII和RQFII的审批程序。此外，在推动金融基础设施互联互通方面，中美双边合作也取得积极进展。

(责任编辑：钟庆辉 UN660)
2016-06-07 19:51:00
中国新闻网