中美之战已从贸易战到技术战，正式进入货币战了……
Treasury Designates China as a Currency Manipulator
August 5,
Washington – The Omnibus Trade and Competitiveness Act of 1988 requires the Secretary of the Treasury to analyze the exchange rate policies of other countries. Under Section 3004 of the Act, the Secretary must "consider whether countries manipulate the rate of exchange between their currency and the United States dollar for purposes of preventing effective balance of payments adjustments or gaining unfair competitive advantage in international trade.” Secretary Mnuchin, under the auspices of President Trump, has today determined that China is a Currency Manipulator.
As a result of this determination, Secretary Mnuchin will engage with the International Monetary Fund to eliminate the unfair competitive advantage created by China’s latest actions.
As noted in the most recent Report to Congress on the Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States (“FX Report”), China has a long history of facilitating an undervalued currency through protracted, large-scale intervention in the foreign exchange market. In recent days, China has taken concrete steps to devalue its currency, while maintaining substantial foreign exchange reserves despite active use of such tools in the past. The context of these actions and the implausibility of China’s market stability rationale confirm that the purpose of China’s currency devaluation is to gain an unfair competitive advantage in international trade.
The Chinese authorities have acknowledged that they have ample control over the RMB exchange rate. In a statement today, the People’s Bank of China (PBOC) noted that it “has accumulated rich experience and policy tools, and will continue to innovate and enrich the control toolbox, and take necessary and targeted measures against the positive feedback behavior that may occur in the foreign exchange market.” This is an open acknowledgement by the PBOC that it has extensive experience manipulating its currency and remains prepared to do so on an ongoing basis.
This pattern of actions is also a violation of China’s G20 commitments to refrain from competitive devaluation. As highlighted in the FX Report, Treasury places significant importance on China adhering to its G-20 commitments to refrain from engaging in competitive devaluation and to not target China’s exchange rate for competitive purposes. Treasury continues to urge China to enhance the transparency of China’s exchange rate and reserve management operations and goals.
Treasury Designates China as a Currency Manipulator
August 5,
Washington – The Omnibus Trade and Competitiveness Act of 1988 requires the Secretary of the Treasury to analyze the exchange rate policies of other countries. Under Section 3004 of the Act, the Secretary must "consider whether countries manipulate the rate of exchange between their currency and the United States dollar for purposes of preventing effective balance of payments adjustments or gaining unfair competitive advantage in international trade.” Secretary Mnuchin, under the auspices of President Trump, has today determined that China is a Currency Manipulator.
As a result of this determination, Secretary Mnuchin will engage with the International Monetary Fund to eliminate the unfair competitive advantage created by China’s latest actions.
As noted in the most recent Report to Congress on the Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States (“FX Report”), China has a long history of facilitating an undervalued currency through protracted, large-scale intervention in the foreign exchange market. In recent days, China has taken concrete steps to devalue its currency, while maintaining substantial foreign exchange reserves despite active use of such tools in the past. The context of these actions and the implausibility of China’s market stability rationale confirm that the purpose of China’s currency devaluation is to gain an unfair competitive advantage in international trade.
The Chinese authorities have acknowledged that they have ample control over the RMB exchange rate. In a statement today, the People’s Bank of China (PBOC) noted that it “has accumulated rich experience and policy tools, and will continue to innovate and enrich the control toolbox, and take necessary and targeted measures against the positive feedback behavior that may occur in the foreign exchange market.” This is an open acknowledgement by the PBOC that it has extensive experience manipulating its currency and remains prepared to do so on an ongoing basis.
This pattern of actions is also a violation of China’s G20 commitments to refrain from competitive devaluation. As highlighted in the FX Report, Treasury places significant importance on China adhering to its G-20 commitments to refrain from engaging in competitive devaluation and to not target China’s exchange rate for competitive purposes. Treasury continues to urge China to enhance the transparency of China’s exchange rate and reserve management operations and goals.
财政部指定中国为汇率操纵国
八月 5,
华盛顿——1988年《综合贸易和竞争力法案》要求财政部长分析其他国家的汇率政策。根据该法第3004条,秘书必须"考虑各国是否操纵其货币与美元之间的汇率,以防止国际收支的有效调整或获得不公平的竞争在国际贸易中的优势。在特朗普总统的主持下,姆努钦部长今天确定中国是一个汇率操纵国。
由于这一决心,姆努钦部长将与国际货币基金组织(IMF)接触,以消除中国最新行动造成的不公平竞争优势。
正如最近向国会提交美国主要贸易伙伴宏观经济和外汇政策的报告("外汇报告")所指出,中国长期以来通过长期、大规模地推动被低估的货币干预外汇市场。最近几天,中国采取了切实措施让人民币贬值,同时保持了巨额外汇储备,尽管过去积极使用这些工具。这些行动的背景和中国市场稳定理由的不可信性证实,中国货币贬值的目的是在国际贸易中获得不公平的竞争优势。
中国当局已经承认,他们有足够的控制人民币汇率。中国人民银行(PBOC)在今天的声明中指出,它"积累了丰富的经验和政策工具,并将继续创新和丰富调控工具箱,并采取必要和有针对性的措施,打击积极反馈行为可能发生在外汇市场上。"这是中国人民银行公开承认,它具有广泛的操纵其货币的经验,并随时准备持续这样做。
这种行动模式也违反了中国G20承诺,即避免竞争性贬值。正如《外汇报告》所强调的,财政部非常重视中国遵守20国集团(G20)的承诺,即不进行竞争性贬值,不以中国汇率为目标,以竞争为目的。财政部继续敦促中国提高中国汇率和储备管理业务和目标的透明度。
欢迎您来到聚金融社群！
无论您是入行多年的行业大咖，还是初出茅庐的职场小白，都可以在聚金融社群找到自己的合作方。
聚金融社群是热爱金融事业人自己的社群！
你想要的都在这里！
聚金融社群
旨在打造一个银行、信托、租赁、保理、证券、信托、基金、私募、资管公司之间的一个桥梁纽带。可以更直接的进行业务对接。
社群将根据各位金融人的不同职业业务，分别安排进入相关群组，社群统一安排管理，不得发布牌照信息及危险反动言论。
如有项目发布可自行群内发布对接，也可发送项目要素联系方式有社群统一发布。
朋友圈转发「海报」如下：
↓ ↓ ↓ ↓ ↓
【免费报名入群方式】：
第一步.分享「聚金融社群海报」不分组发送至朋友圈（保留2小时以上）
第二步. 将【分享至朋友圈的截图】发至本群
第三步. 请留意群公告，管理员将根据个人实名名片认证邀请加入专业群组。
加入各专职群需实名提交个人名片、邀请入群！
入群要求：
1、热爱融租和保理事业
2、真实实名认证
3、乐于交流推广
4、金融从业者
5、关注本微信公众号
群主题：资源对接、合作共赢
聚金融群组融租人自己的群
专注融租事业、致力融租事业发展
