Overseas institutions' RMB funds can be remitted outside Chinese mainland

时间：2007-11-02 08:14:28

（单词翻译:单击）

Chinanews, Shanghai, Nov. 1 – China will lift the limitations on overseas institutions in their Renminbi fund raising activities in China. At an appropriate time, China will allow overseas bodies to remit1 their Renminbi funds out of the Chinese mainland through currency exchanges.

 

The information was disclosed at the 2007 Bi-annual Chinese International Settlement Report issued by the State Administration of Foreign Exchange on Wednesday.

 

In February 2005, the People's Bank of China, China's central bank, and the China Securities Regulatory Commission jointly2 released the Provisional Administrative3 Rules on International Development Institutions' Issuance of RMB Bonds. The regulation stipulated4 that all the funds raised by overseas institutions through the issuance of Renminbi bonds should be used for projects in China. The fund should not be exchanged to foreign currencies and remitted5 outside China.

 

After the regulation was published, the Asian Development Bank and the International Finance Corporation issued some Renminbi bonds. In conformity6 with the Chinese law, all the funds raised in this way have been used to help Chinese enterprises to develop their projects.

 

The new measure shows that China is trying to take multiple means for balance of international payments and to decrease the fast growth of foreign exchange reserves, some analysts7 say.

 

In addition to this measure, SAFE said it will take more measures to facilitate trade investment activities in future.

 
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1 remit AVBx2     
v.汇款，汇寄；豁免（债务），免除（处罚等）
参考例句：
  • I hope you'll remit me the money in time.我希望你能及时把钱汇寄给我。
  • Many immigrants regularly remit money to their families.许多移民定期给他们的家人汇款。
2 jointly jp9zvS     
ad.联合地，共同地
参考例句：
  • Tenants are jointly and severally liable for payment of the rent. 租金由承租人共同且分别承担。
  • She owns the house jointly with her husband. 她和丈夫共同拥有这所房子。
3 administrative fzDzkc     
adj.行政的，管理的
参考例句：
  • The administrative burden must be lifted from local government.必须解除地方政府的行政负担。
  • He regarded all these administrative details as beneath his notice.他认为行政管理上的这些琐事都不值一顾。
4 stipulated 5203a115be4ee8baf068f04729d1e207     
vt.& vi.规定；约定adj.[法]合同规定的
参考例句：
  • A delivery date is stipulated in the contract. 合同中规定了交货日期。
  • Yes, I think that's what we stipulated. 对呀，我想那是我们所订定的。 来自辞典例句
5 remitted 3b25982348d6e76e4dd90de3cf8d6ad3     
v.免除（债务），宽恕( remit的过去式和过去分词 )；使某事缓和；寄回，传送
参考例句：
  • She has had part of her sentence remitted. 她被免去部分刑期。 来自《简明英汉词典》
  • The fever has remitted. 退烧了。 来自《现代英汉综合大词典》
6 conformity Hpuz9     
n.一致，遵从，顺从
参考例句：
  • Was his action in conformity with the law?他的行动是否合法？
  • The plan was made in conformity with his views.计划仍按他的意见制定。
7 analysts 167ff30c5034ca70abe2d60a6e760448     
分析家，化验员( analyst的名词复数 )
参考例句：
  • City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
  • I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。

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