In terms of promoting the balance of international payments and curbing the excessive growth of foreign exchange reserves, the foreign exchange bureaus are increasingly working on both aspects of "easing outflows and tightening inflows" simultaneously.
Convened recently2007At the annual capital account foreign exchange management work conference, Li Dongrong, deputy director of the State Administration of Foreign Exchange, was deploying2007The focus of capital account foreign exchange management work in 2020 stated that this year will steadily promote the opening of the capital market to the outside world and promote the orderly two-way flow of funds. ImproveQFIIandQDII8343_8389
Analysts believe that this may mean that personal external financial investment will achieve a major breakthrough this year, and individuals purchasing overseas financial assets will no longer be a dream.
In terms of promoting capital outflows, Li Dongrong also said that this year will deepen the reform of direct investment foreign exchange management, continue to support qualified enterprises to "go out" and expand foreign investment channels; cooperate with relevant departments to improve the statistical monitoring of foreign direct investment and capital settlement management, and improve the centralized management of foreign exchange funds of multinational companies.
Ding Zhijie, deputy dean of the w88 casino of Finance at the w88 casino, pointed out that to improve the centralized management of foreign exchange funds of multinational companies, one is to improve the efficiency of fund use through the centralized use and management of funds, and the other is to reduce the frequent inflow and outflow of short-term funds to avoid adverse effects on the economy.
In addition to promoting capital outflows, Li Dongrong also said that in terms of capital inflows, foreign debt management will be strengthened this year, statistical monitoring of foreign debts will be improved, and excessive growth of short-term foreign debts will be curbed. Control the settlement of foreign debt funds and improve the management of external guarantees.
According to data provided by the State Administration of Foreign Exchange, as of2006At the end of the year, the external debt balance increased by approximately14%, of which short-term external debt increased by approximately16%, the proportion of short-term external debt in the total external debt balance reaches57%, a record high, far exceeding the international warning line.
