TNAG-1624-FCO40-2238-Relations-between-Hong-Kong-and-China-1987 — Page 195

CONFIDENTIAL #

CRC INF 14/87

(CEC 8/87)

China's foreign exchange control

and its external sector balance

Contents

Introduction

Paragraph

i

China's foreign exchange control

(i)

Background

(ii)

System of control and

operation

(iii)

2

-

3

4 8

Importance of foreign

exchange control in China's

9 12

-

macro-economic policy

management

(iv)

Exchange rates of Renminbi

13

15

(v)

Prospect for relaxing or

16

-

23

abolishing foreign exchange control in China

China's foreign exchange reserve position

and its external sector balance

Concluding remarks: implications

for the Hong Kong economy

G.F. 326

CONFIDENTIAL 機密.

24

-

28

29

-

36

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