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The External Reserve Yield Is Much Higher Than The Inflation Rate Of The Invested Country.

2014/6/13 14:11:00 20

External Reserves Rate Of Return Inflation Rate

at present, the balance of our foreign exchange reserves is nearly 4 trillion US dollars, accounting for the largest holder of 1/3 in the world. Can the foreign reserves really be used as a wish of the people, free of charge for medical treatment and old-age care? What is the rate of return on foreign exchange reserves? Huang Guobo, chief economist of the foreign exchange bureau, said yesterday in an interview with the Chinese government website that the external storage yield is much higher than the inflation rate of the invested countries, which guarantees the safety and purchasing power of the external reserves. But if it is used for medical care in China, there will be a two exchange settlement, which will affect the stability of the central bank. 
Up to now, P has been running for 20 years since the establishment of a foreign exchange reserve institution. During the period, China's foreign exchange reserves rose from about 50000000000 US dollars to 39480 billion US dollars, an increase of 78 times. The gains from foreign investment in foreign investment have attracted much attention. 
 the market has always had voice criticism. < a href= "//www.sjfzxm.com/news/index_cj.asp > > foreign exchange reserve < /a > the investment income level is lower than the market average. Huang Guobo disclosed yesterday that in the global low interest rate environment, our foreign storage has achieved a good operating income. At present, our foreign savings rate is much higher than the inflation rate of the investment countries, which means that the purchasing power of the external reserves has been maintained and promoted, and the safety of the external reserves has been guaranteed. 
Guan Tao, director of the balance of Payments Division of the foreign exchange bureau, said that from the perspective of the balance of payments, China's foreign investment income in 2013 was US $167 billion 700 million, a large part of which came from the investment income of foreign exchange reserves. It is estimated that the average foreign investment return rate in China from 2005 to 2013 is 3.3%. 
 If foreign exchange reserves can be used in the topics of infrastructure, pension and medical care, < a href= "//www.sjfzxm.com/news/index_cj.asp" > Huang Guobo < /a > indicates that if the foreign exchange reserve is used to solve the problems of pension and medical care free of charge, there will be a "two time settlement" problem. There will also be a free distribution of foreign exchange assets which are supported by the central bank with debts, which will affect the robustness of the central bank. 
 Huang Guobo further explained that foreign exchange reserves are mainly used for outgoing a href= "//www.sjfzxm.com/news/index_cj.asp" > Import > /a > and investment needs. If foreign exchange reserve funds are invested in the domestic field, the first thing to pay attention to is whether domestic areas need foreign exchange or RMB. If foreign exchange is needed, foreign exchange can be purchased through certain means, and some investment entities can invest in foreign exchange capital, which can be solved through these ways. 
 "but domestic infrastructure projects need RMB, which will cause some problems, because foreign exchange reserves are foreign exchange, if it is converted into RMB, there will be a two exchange settlement, and the foreign exchange reserves will not drop in real terms." Huang Guobo said.