国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

  Home>News Center>China
       
 

China pledges yuan stability
(chinadaily.com.cn)
Updated: 2004-03-11 11:49

The People's Bank of China, the country's central bank, reiterates on Thursday its long-standing position on Renminbi, saying the yuan exchange rate will be kept stable at a reasonable level.

"We will steadily push ahead with the convertibility of the yuan under the capital account, further develop the foreign exchange market, improve the mechanism for determining the yuan exchange rate and keep the exchange rate basically stable at a balanced level," the bank said in a statement.

The statement was issued ahead of a joint news conference by the central bank Governor Zhou Xiaochuan and the banking regulator Liu Mingkang of the China Banking Regulatory Commission (CBRC) on the sidelines of an annual session of the National People's Congress.

The yuan is pegged around 8.28 to the U.S. dollar.

NPL ratio down

According to the background materials provided by the CBRC at the press conference, China's major banking institutions slashed the ratio of non-performing loans (NPLs) by 5.32 percentage points to 17.8 percent last year.

In 2003, total NPL volume of major Chinese financial institutions was cut off by 190.6 billion yuan (US$23.1 billion) to 2.44 trillion yuan (US$295 billion) at the year's end, it said. 

The figures demonstrate China's enhanced ability to weather financial risks and supervise its banking institutions, the CBRC said.

The CBRC punished 1,242 banking institutions at different levels and penalized 3,251 bank staffs who violated financial regulations in the past year. The financial "watchdog" also strengthened its off-site surveillance function, and monitored economic and financial development so as to promptly identify and signal potential risks, according to the material.

It also said that China has stepped up efforts on combating currency counterfeit in the past year, confiscating 656 million yuan and US$5.05 million in counterfeit notes.

Meanwhile, banknote management was strengthened and a total of 9,007 financial institutions were found violating cash management regulations last year, it added.

 

 
  Today's Top News     Top China News
 

Pakistanis may be near bin Laden's aide al-Zawahri

 

   
 

Government relaxes control of airfares, finally

 

   
 

U.S. launches WTO complaint against China

 

   
 

Report: China, Iran sign US$20b gas deal

 

   
 

FM to pay official visit to DPRK

 

   
 

women bosses urged to date and marry

 

   
  FM to pay official visit to DPRK
   
  As kids keep on calling, experts worry
   
  Gov'ts urged to clear up payments in arrears
   
  Sino-US trade advances amid problems
   
  Police website builds bridges to community
   
  Drought worsens capital water crisis
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  Staking a whole generation of Chinese entrepreneurs  
Advertisement
         
如皋市| 广元市| 锦州市| 台北市| 兴文县| 连江县| 静宁县| 五莲县| 论坛| 萨迦县| 太和县| 武威市| 萝北县| 巴塘县| 三河市| 镇平县| 安塞县| 漠河县| 竹山县| 西贡区| 定远县| 城口县| 阿图什市| 姜堰市| 崇左市| 湟源县| 依兰县| 邓州市| 涪陵区| 鲁甸县| 青龙| 陵川县| 苏州市| 鄱阳县| 慈利县| 璧山县| 开江县| 安康市| 韩城市| 班戈县| 和田县|