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我国央行海外资产运作的风险与策略

China central bank overseas assest operation's risk and strategy
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摘要 面对美国爆发的金融危机向全球传递,我国中央银行需要有效地管理好外汇储备资产,调整多元化币种结构,转换增持美国国债的模式,增加进口与海外并购,不仅能提升我国行业竞争力和结构性调整,还能预防因美国经济衰退和美国政府倡导的全球注资带来的通货膨胀,防止日益增加的外汇储备遭遇贬值的风险。当前需要利用美元升值与资本市场价格暴跌产生的并购机遇,进行资本输出,收购价值被严重低估又有潜力的企业,这不仅是对美国未来经济增长的援助,也是增加海外投资收益促使外汇储备增长的新模式。 Facing the global transmission of financial crisis which erupted firstly in the US, the Central Bank of China should make good use of foreign exchange reserve property, adjust diversified currency structure, transform the holding pattern of American treasury bills and bonds, increases import and overseas merger and acquisition. By doing so, it can not only promote the competitiveness of industry and structural adjustment, but also can help prevent the inflation which caused by the economic depression in the US and the world-wide bail-out efforts triggered by the US government, avoid the increasing foreign exchange reserve experiencing depreciation risk. At present, we should take the opportunity of M&A which is brought out by US dollar's depreciation and capital market price plummet, export capital, purchase the promising enterprises which are seriously undervalued, which can not only accelerate the economic growth, but also increase the return of foreign investment and foreign exchange reserve.
作者 李敏
出处 《特区经济》 北大核心 2009年第2期67-69,共3页 Special Zone Economy
关键词 外汇储备资产 结构性调整 美元贬值 foreiqn exchanqe reserve property constitutive adjustment US dollar depreciation
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