What PBOC says about FX decline

[Bussard Ramjet]

中国人民银行新闻发言人就外汇储备下降有关问题答记者问
字号 大 中 小 文章来源：沟通交流 2015-09-08 18:56:01
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问：根据央行2015年9月7日公布数据，中国外汇储备8月下降了939亿美元，8月底中国外汇储备余额为3.56万亿美元。如何看待近期外汇储备明显下降的问题？

答：影响外汇储备规模变动的因素比较多，既包括央行在外汇市场的操作，也包括外汇储备投资资产的价格波动，同时由于美元作为外汇储备的计量货币，其它各种货币相对美元的汇率变动还可能导致外汇储备规模的变化。此外，根据国际货币基金组织关于外汇储备的定义，外汇储备在支持“走出去”等方面的资金运用记账时也会从外汇储备规模内调整至规模外。综上可以看出，外汇储备的变动是多重因素综合作用的结果。

从外汇储备8月份单月变动情况看，主要的影响因素有三方面：一是央行在外汇市场进行操作，向市场提供外汇流动性；二是外汇储备委托贷款项目在8月份进行了一些资金提款；三是8月份国际市场一些主要金融资产价格出现不同程度回调。上述金额从外汇储备中作了相应扣减。其中前两项外汇储备的下降在很大程度上反映为境内其他主体持有外汇资产的增加：一方面企业和个人外汇存款持续增加，其中8月份较7月份又增加了270亿美元；另一方面金融机构外汇流动性也十分充裕。其他境内主体持有外汇资产的增加意味着企业、居民和金融机构的资产配置更加丰富，这是我国“藏汇于民”战略的体现，有利于促进国际收支平衡。

从中长期看，中国经济仍将保持中高速增长，经常账户还会保持顺差，对外直接投资和吸引外资持续增长。中国外汇储备充裕，随着人民币汇率形成机制不断完善以及人民币国际化的推进，未来外汇储备有所增减也是正常的。

 

[Bussard Ramjet]

http://www.pbc.gov.cn/goutongjiaoliu/113456/113469/2947922/index.html


Can somebody please translate the above?

 

[Emperor Modi]

Reported.
This is not China.
English is our mother language.

 

[TheTheoryOfMilitaryLogistics]

LOL,i won't tell you.

 

[badguy2000]

In a word, it is a tempory phenominon.

 

[Emperor Modi]

In a word, it is a tempory phenominon.

Your FX decline will be forever.
Your economy is shrinking with huge deficit.

 

[steelseries779]

I can translate.

 

[samlove]

http://www.pbc.gov.cn/goutongjiaoliu/113456/113469/2947922/index.html


Can somebody please translate the above?

Reported.
This is not China.
English is our mother language.

People's Bank of China spokesman on foreign exchange reserves declined a reporter asked about the issue
Font size big middle small Article Source: 2015-09-08 18:56:01
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Q: According to the Bank of September 7, 2015 published data, China's foreign exchange reserves in August fell by $ 93.9 billion, China's foreign exchange reserves by the end of August to $ 3.56 trillion. How to look at the recent foreign exchange reserves decreased question?

A: The effects of changes in foreign exchange reserve scale factors are more, both operating in the foreign exchange market, the central bank, including the price volatility of foreign exchange reserves investment assets, while foreign exchange reserves of the US dollar as the currency of measurement, a variety of other currencies relative to the dollar exchange rate It may also lead to changes in foreign exchange reserve scale. In addition, according to IMF definition of foreign exchange reserves, foreign exchange reserves in support of the use of funds "going out" and other aspects of the time of billing will adjust the size of foreign exchange reserves from the inside to the outside scale. In summary it can be seen, changes in foreign reserves is the result of the combined effects of multiple factors.

From foreign exchange reserves in a single month in August circumstances change, the main factors are three aspects: First, the central bank in the foreign exchange market operations, to provide foreign exchange liquidity to the market; the second is foreign exchange reserves entrusted loan program in August made some withdrawals of funds ; third is August the international market some of the major financial asset prices varying degrees callback. Above the amount deducted from the reserves accordingly. Where the first two foreign exchange reserves fell to increase holdings of foreign assets largely reflects the territory of other subjects: one corporate and individual foreign exchange deposits continued to increase, which in August compared with July has added $ 27 billion; the other terms of foreign exchange liquidity of financial institutions is also very abundant. Other domestic holdings of foreign assets increased body means that enterprises, financial institutions, asset allocation residents and richer, which is a manifestation of "hidden Meeting the people" strategy, and promoting the international balance of payments.

Medium to long term, China's economy will maintain rapid growth in the current account surplus will remain, foreign direct investment and attract foreign investment continued to grow. China's foreign exchange reserves ample, with the RMB exchange rate formation mechanism and constantly improve and promote the internationalization of the RMB, the future increase or decrease in foreign exchange reserves is normal.

 

[大汉奸柳传志]

It says China‘s Forex will gradually evolve from “possession by state” to “possession among the people”.

How do you even know it's about Forex

 

[Jlaw]

Like the Indian can read this. Why post if you can' read?

 

[Bussard Ramjet]

Like the Indian can read this. Why post if you can' read?

To crowd source a translation?

Google Translation is horrible for Chinese.