As a newly established state-level foreign exchange investment institution outside the People's Bank of China, CIC is reducing the pressure of foreign exchange reserve growth on RMB supply and alleviating the problem of excess liquidity. At the same time, it can also improve the investment income of foreign exchange assets.
According to the latest figures, as of the end of July this year, China's foreign exchange reserves have approached 1.4 trillion US dollars, and it continues to rank first in the world. Before the establishment of CIC, China's foreign exchange reserves were mainly used to buy low-risk and low-yield sovereign bonds. The rising trade surplus has further pushed up foreign exchange reserves.
The establishment of CIC will also help China to implement strategic transformation, from re-export to strengthening foreign investment, and optimize the allocation of resources on a global scale. Its establishment is a bold attempt by China to participate in the international financial market competition and implement the "going out" strategy.
CIC will adhere to market-oriented operation. Maintain the transparency of the company without violating commercial interests. CIC is an independent and professional national investment company, and its primary goal is to carry out specialized operations and achieve profitability. Judging from the current senior management of the company, some relevant financial departments have officials involved and all have professional investment experience. "This structure is conducive to CIC's goal of achieving higher return on foreign exchange investment."
(1) What courses are there in business administration for freshmen?
Sophomore last semester: English reading, English listening, macroeconomics, ope