Individual projects such as channel flow coming. Of course there are flow through underground banks so come under the control of hot money in the capital and in the case of full convertibility of the capital of hot money is actually very different. He said the State Administration of Foreign Exchange to prevent hot money duties.
First, we must adjust the structure of the second is to improve the market mechanism. So as to fundamentally eliminate the root causes of the presence of hot money. In addition, he also requested that the antihot money banks and other financial institutions, securities and insurance services to improve efficiency lower price higher credit. I would like to formal financial institutions are very good underground banks necessity of the existence of illegal exchange points will be less. Do not wish to purchase U.S. Treasury bonds has been politicized yesterday in response to China holds a lot of U.S. Treasury bonds if there is a threat to the United States when asked Yi Gang said that China is a responsible investor does not want it to be politicized. He said that the U.S. Treasury market is the world39s parajumper online shop largest bond market to buy and sell investments in U.S. Treasuries is my team to do almost every day is completely normal. Yi Gang said that the current round of international financial crisis, parajumper canada thanks to adhere to a wide range of monetary policy assets not invested in subprime highrisk products and the overall safety of China39s foreign currency parajumber reserve assets Operating income levels close to normal year. He introduced the implementation of international monetary reserves and diversified investment allocation strategy does not participate in shortterm speculation. Including the formation of the current dollar euro yen and other major currencies, currency moderately decentralized structure is mainly invested in government class institutions like the International Organization of corporate funds and other asset classes. Gold can not become the main channel for foreign reserve Yi Gang made clear that gold is unlikely to become the main channel of China39s foreign exchange reserves to buy U.S. Treasury bonds can achieve mutual benefit and winwin situation. Yi Gang said that gold is a good asset, but China from the state and the level of foreign reserve holdings of gold is limited. He said that gold can not become the main channel for foreign exchange reserves. Yi Gang further explained that the limited capacity of the world gold market largescale purchase if China39s foreign exchange reserves will inevitably push up the international market price of gold. In addition, from the past year to see the trend in gold prices gold investment income is not ideal. Yi Gang revealed in the past few years, China at a reasonable price so tons of gold holdings to the end of last year China39s gold reserves reach t ranked fifth in the world. The Chinese folk accumulate gold should be much more than t.
One hundred million trillion national debt is paid annually in interest income from foreign central banks responded too questioned Yi Gang at a news conference on the Development and Reform Commission also responded to the question of too little foreign exchange earnings. CPPCC Vice Chairman of National Development and Reform Commission at a press conference on the four ministries told China39s foreign exchange income too questioned if some of China39s foreign exchange earnings are at least one hundred million yuan of revenue and budget report shows that more than one hundred million yuan a big difference. Zhang said that foreign exchange earnings of our foreign exchange how little use Why so little income Yi Gang said in response yesterday, Mr. Zhang Guobao said one hundred million yuan of income returns and foreign exchange reserves is totally different. He explained that the authority should be explained by the Ministry of the Treasury report this number. This is the year one hundred million yuan in the creation of the investment company, when the Ministry of Finance issued by the National People39s Congress approved one trillion yuan special treasury bonds and the one hundred million yuan Comrade David is one trillion yuan People.
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