Quasi-non-interest bearing deposits of the central bank said the deposit system and the foreign exchange tax system

 People's Bank of China, Zhengzhou training
Professor Wang Yong in the January 10, caused by excess liquidity in the outside containment of international hot money.

which, in particular through the improvement of the banking exchange integrated position management, adjusting the export proceeds verification network management policies and the strict short-term foreign debt quotas of financial institutions and external guarantee balance management and other measures to effectively control the background of non-trade international trade financing and other types of credit or advance payment of hot money inflows way route through trade routes to prevent these hot money

years ago, part of the shares is expected to soar! Confidential! Market institutions will soon be reversed capital flows have changed dramatically! Main funding is plotting a new layout
He also stressed that this, with particular attention to step up research without interest rate and foreign exchange deposit reserve system introduced a system based tax system, feasibility of the program, as soon as practicable, but time and maturity can as soon as possible, at least it should be as a policy reserve.

Wang Yong, the central bank monetary policy tools should be the reform and innovation, strengthening the quantitative tools and a portfolio of price-based instruments and the effect of the structure can be in Push reforms

In addition to the upstream against international hot money, he also suggested that in the downstream, the central bank efforts to grasp the implementation of prudent monetary policy and continue to make comprehensive use of the deposit reserve ratio, open market operations and interest rates, exchange rates and other conventional number and price tools to enhance the effective combination of tools, according to the need for timely recovery of mobility, to maintain the basic stability of general price level.

which he is held in high esteem differences in the deposit reserve ratio of the dynamic adjustment, this is a new year, the central bank to manage money and credit and liquidity aggregate macro-prudential regulation and sound policy framework for a combined The new framework for monetary and credit management system, designed to play down the credit limit management.

He also refers to the central bank should implement prudent monetary policy and fiscal, industry, foreign trade policy in close co-ordination, management of inflation expectations to form a joint force.

He proposed that the central bank should be out of the community and even the traditional logic, not the formulation of monetary policy implementation only as something central banks and financial institutions. Of course, the central bank is also responsible for strengthening the financial macro-control policy, especially the interpretation of prudent monetary policy and communication, and enhance the transparency of monetary policy in order to properly guide the market's inflation expectations.