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1、TheCurrentStatusandManagementofChina’sForeignExchangeReservesTheCurrentStatusandManagementofChina’sForeignExchangeReserves19TheCurrentStatusandManagementofChina’sForeignExchangeReservesAbstractForeignexchangereserveswereformedinforeigneconomicactivitiesofacou
2、ntry,anditwillhaveonacountry'sforeigneconomicrelationsanddomesticmacro-economyhaveimportanteffects.Chinahashugeforeignexchangereserves,canimproveourexternalpayments,internationalpayments,andtheabilitytointerveneinforeignexchangemarkets,maintainedthegoodintern
3、ationalreputationontheother,intheformofmoneyorotherfinancialassetsinChinaholdshugeforeigncurrencyreserves,givinguphugeforeignexchangereservesequivalenttoeconomicresourcesintoproduction,isnotconducivetoChina'seconomicgrowthandincreasednationalbenefits.InChina'
4、scurrentforeignexchangereservemanagementsystem,inordertostabilizetheexchangerateoftheCentralBank,constantlyreactivetothebasecurrencytobuyforeigncurrency,andbyregulatingthedepositreserverequirementratio,discountingandopenmarketoperationandothermonetarypolicyto
5、olstooffsetbyforeignexchangeamountofbasecurrency,weakentheindependenceoftheCentralBank'smonetarypolicy.Ever-increasingforeignexchange,willbecomeanimpactonprices,theeconomyfacesinternalandexternalshocks,oureconomyfacesinternalandexternalpressures.Andinsomeways
6、,China'smassiveforeignexchangereservesreflectChina'seconomicweaknesses,inadditiontoforeignexchangeassetsandliabilitiesstructuredefect,foreigninvestmentislowandfaceabiggerriskofreturn.Keywords:foreignexchangereservesandriskmanagement19TheCurrentStatusandManage
7、mentofChina’sForeignExchangeReservesCatalogueIntroduction4I.CurrentsituationofChina'sforeignexchangereserves51.Theexchangereservesaregenerallyontherise52.China'sforeignexchangereserveswerecurrentlyfluctuatingsituation5II.Twocausesofthehugeforeignexchangereser
8、ves61.Thetradesurpluscontinued62.Attractingforeigndirectinvestmentinthenewcontributionraterisingforeignexchangereserves63.Theappreciationoftherenminbiisexpectedtoleadtoalotofinternational
