Monetary policy in China
Has been prepared by 10 years of financial management reform of the financial system today. Central bank set
Establishment, establishment of specialized banks and commercial banks, and the development of financial markets is likely. This section is about two I state.
3, related to the two-step approach to monetary policy from the economic growth and price stability
Change the ultimate goal, the goal to focus on total bank lending operations, the discount window operations and the discount rate and reserve ratio Discuss policy measures that are used simultaneously.
4, the monetary policy on economic growth, had a positive effect on the development of foreign trade, prices Had a negative impact on stability. For this, also make a brief demonstration.
5, related to monetary policy, financial industry in the future, the central bank’s policy management trends: bank Privatization, liberalization, modernization of touch of monetary policy.
Financial management reform have been made with economic reform is still in progress, most
Free international, are urged to further reform the management system in the central bank’s private banking industry and domestic economic environment Ru.
One is the privatization of the banking industry. Privatization of the banking industry, country or government ownership of banks And freedom from economic players and the owners of the entity, namely the reform of its banking market in terms of ownership. Which is putting pressure on you to act like mechanism. Privatization of the banking industry .In two possible ways. For one thing, the banks and the Corporation’s current full-time, private companies 売Risabaki shares to individuals and government and private ownership in a specialized bank, Oh what a co-management in
Ru. Another way is to free the establishment of private banks, by the competition of private banks and specialized banks.
Which is dedicated to promoting better management of the bank.
Another is the liberalization of financial services. Foreign banks and other financial equipment in China’s renminbi business in Japan Japan.Open to Seki, to conduct services in renminbi under the same conditions in domestic financial institutions and foreign financial institutions
There is. Prerequisites open RMB business for foreign financial institutions against this is the internationalization of RMB, RMB.Oh in the foreign exchange rate of RMB internationalization is a step along to the official exchange rate and market rate .Ri, GATT (General Agreement on Tariffs and Trade) to join as soon as possible but it will be helpful to the internationalization of the renminbi.
And one is the modernization of the central bank’s macroeconomic control. Over the financial industry, such as.As changes, increased competition in the financial industry becomes inevitable, and can be managed by the traditional discount window.Kunaru so many financial institutions, central banks operate and how to manage the new macro, the macro.Shall ensure the strengthening of control