SAFE to encourage overseas investment in '07

时间：2007-03-02 01:43:12

（单词翻译:单击）

Chinanews, Beijing, March 1 - In 2007, the State Administration of Foreign Exchange (SAFE) will strengthen supervision1 work, encourage more capital outflow, and improve regulation on foreign currencies, in order to balance the international payment, said Hu Xiaolian, director of SAFE, in a working meeting held recently. By encouraging more capital to flow out, experts say, SAFE will try to expand the channels of investment abroad and to guide more capital to flow out of China in an orderly way. To be specific, SAFE will gradually loose the control of institutions and individuals in terms of investment scale and investment products.

 

Experts say that in future, large international trade surplus will remain and huge international capital might continue to flow into China. Meanwhile, the international payment situation will affect China's economic development and macro control more deeply in future. In light of this, SAFE should gradually loose its control over institutions and individuals in the amount of foreign currencies they can hold and the amount of foreign currencies they can spend, so as to promote the development of foreign currency market. In addition, SAFE should create a more flexible policy environment to help Chinese banks to launch more new financial products, to expand foreign currency products in the market, and to improve the foreign exchange rate regime. In the aspect of supervision, SAFE should strengthen its monitoring of the foreign capital that flows into China. This year, the key task for SAFE is to improve its management methods on foreign debts, to curb2 the rapid growth of foreign debts, to improve regulation on three aspects, namely foreign trade earnings3 and exchange settlement, foreign currencies held by individuals, and foreign capital that accesses Chinese property market. In addition, SAFE should strengthen supervision over trade credit and the flow of foreign capital into China, and strictly4 monitor the inflow of abnormal foreign capital.

 
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1 supervision hr6wv     
n.监督，管理
参考例句：
  • The work was done under my supervision.这项工作是在我的监督之下完成的。
  • The old man's will was executed under the personal supervision of the lawyer.老人的遗嘱是在律师的亲自监督下执行的。
2 curb LmRyy     
n.场外证券市场，场外交易；vt.制止，抑制
参考例句：
  • I could not curb my anger.我按捺不住我的愤怒。
  • You must curb your daughter when you are in church.你在教堂时必须管住你的女儿。
3 earnings rrWxJ     
n.工资收人；利润，利益，所得
参考例句：
  • That old man lives on the earnings of his daughter.那个老人靠他女儿的收入维持生活。
  • Last year there was a 20% decrease in his earnings.去年他的收入减少了20%。
4 strictly GtNwe     
adv.严厉地，严格地；严密地
参考例句：
  • His doctor is dieting him strictly.他的医生严格规定他的饮食。
  • The guests were seated strictly in order of precedence.客人严格按照地位高低就座。

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