Zhou Xiaochuan Said He Would Prevent The Influx Of Hot Money As Far As Possible.

　　 On the impact of the second round of quantitative easing monetary policy of the Federal Reserve on China, governor of the people's Bank of China Zhou Xiao Sichuan Not long ago, at the Caixin summit, our country could take some measures. Management measures As far as possible to prevent more hot money inflow.

Zhou Xiaochuan pointed out that China's current foreign exchange management system is a management system for capital projects, and abnormal capital inflows under capital account can neither enter nor bypass. In the detour, we can take some management measures to prevent such behavior as far as possible.

Zhou Xiaochuan said the monetary authority could also take a measure to hedge against the total. "If short-term speculative capital comes in, we hope to put it in a pool and hedge it against flooding into the real economy of China. When it needs to retreat, we will put it out of the pool again. This will largely destroy the impact of abnormal capital flows on China's macro-economy. Zhou Xiaochuan said.

For the current interest rate differential and currency exchange rate changes. Capital arbitrage Behavior, Zhou Xiaochuan pointed out that the economic field can not completely stop arbitrage. "For China, the most important thing is to maintain a basic balance in the macro economy, and guard against all kinds of risks. Second, try to prevent speculative behavior and reduce the opportunity to make money through arbitrage opportunities. Zhou Xiaochuan said.

　　 Regarding the issue of the reform of the RMB exchange rate system that has attracted much attention, Zhou Xiaochuan pointed out that China will not choose radical shock therapy, but rather choose gradual therapy.