Hang Seng Bank, China’s foreign exchange reserves fourth quarter stability www.777vk.com

Hang Seng Bank foreign exchange reserves: China four stable sina finance App: Live on-line blogger to guide Sina Hong Kong APP: real time market exclusive reference stocks also worth the investment? What’s the problem? Where is the future of the way out? Sina launched the "Hong Kong Hong Kong stocks as well as unattractive" discussion, with a rational and constructive attitude, welcome attention to Hong Kong stocks, concern of the capital market, Hong Kong stocks together for suggestions, seek the Hong Kong stock market tomorrow. Please to hkstock_biz@sina. The people’s Bank of China announced today the foreign exchange reserves data in September, Hang Seng Bank senior economist Yao Shaohua analysis:? The latest data released by the people’s Bank of the morning, at the end of September 2016, China foreign exchange reserves of $3 trillion and 170 billion. At the end of August below $3 trillion and 190 billion, also lower than market expectations of $3 trillion and 180 billion. Foreign exchange reserves in September decreased by $18 billion 800 million in August, for the third consecutive month of decline, while foreign exchange reserves in August compared to $15 billion 900 million in July. In SDR, in September China’s foreign exchange reserves fell from 2 trillion and 280 billion SDR in August to 2 trillion and 270 billion SDR. Foreign exchange reserves fell in September, we believe that there are three main reasons. First of all, September coincides with the G20 summit held in Hangzhou, as well as the RMB in October 1st officially joined the SDR basket, the people’s bank or the use of foreign exchange reserves stable RMB exchange rate. Secondly, the RMB exchange rate in September, a slight depreciation, or lead to some capital outflows. According to our estimates, the end of September 2016, CFETS RMB exchange rate index is about 94.07, compared with the end of August 0.27% devaluation. September RMB against the U.S. dollar in the onshore and offshore spot prices also fell 0.4% and $0.3%. Third, the mainland enterprises to accelerate the pace of going out, some of the capital to foreign exchange reserves, but also led to a decline in foreign exchange reserves. Based on the following four reasons, we expect foreign exchange reserves to remain stable in the fourth quarter of this year. First, the RMB exchange rate in the next few months or maintain relatively stable. Although the U.S. Federal Reserve to raise interest rates again in December or, but the RMB has been officially included in the SDR basket in October 1st, the central bank will increase the RMB financial assets as reserves, and to prevent the property market bubble, the people’s bank or to maintain the benchmark interest rate unchanged, we expected at the end of the U.S. dollar against the RMB onshore spot price is about 6.70. Secondly, the people’s Bank of China in recent months has further standardized cross-border capital flows, increasing the cost of cross-border foreign exchange speculation. Third, the people’s Bank of China to accelerate the pace of opening up the inter-bank bond market, will attract foreign capital inflows. In addition, the mainland in the next few months, a modest rebound in exports, the trade surplus will remain high. Overall, we expect foreign exchange reserves at the end of this year or hovering at about $3 trillion and 150 billion. Enter the Sina financial stocks] discussion相关的主题文章: