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c*****e
发帖数: 737 | 1 【 以下文字转载自 Stock 讨论区 】
发信人: coollpe (coollpe), 信区: Stock
标 题: 中国放狠话了：做空人民币或面临法律严惩
发信站: BBS 未名空间站 (Sat Jan 23 23:18:12 2016, 美东)
新华社在一篇英文评论文章中称，随着中国央行采取措施来稳定人民币汇率，一些
试图做空人民币的“激进”投机客将遭遇巨大损失。
鲁莽投机和恶意做空将面临更高的交易成本甚至可能是严重的法律后果，中国政府
试图改善市场监管机制和法律体系。
中国政府拥有充足的资源和政策工具来确保经济形势处于控制之下，并且应对任何
外部挑战。
以下为全文：
Commentary： Chinese economic transition testing global investors‘
wisdom， courage
BEIJING， Jan． 23 （Xinhua） -- As the Chinese economy is undergoing
profound restructuring and transition， international investors seem to be
split in their judgment about the prospects for China‘s capital market．
Some people believe that the Chinese capital market is experiencing a
major crisis， of which they try to take advantage with speculative actions
and even vicious shorting activities．
The latest example is that some radical speculators tried to short sell
the Chinese currency yuan， which has been depreciating against the U.S．
dollar recently． However， with the Chinese monetary authority taking
effective measures to stabilize the value of the yuan， those speculators
are expected to suffer huge losses．
Meanwhile， many other investors see new opportunities in the
transformation of the Chinese economy．
According to data from the London-based consulting firm Preqin Ltd， in
2015， global venture capital made 1，555 investments in China‘s startups
with a total worth of 37 billion U.S． dollars， up 147 percent over the
previous year， showing the investors’ confidence in China‘s pro-
innovation policy and business-friendly environment．
In a mature market economy， both speculative shorting and long-term
investment are free choices of investors， and therefore should not be
labeled as “right or wrong” or “good or bad．”
But given the unique nature of the Chinese economy， currently the world
‘s second largest， it should be fair to say that the choices made on China
often reflect an investor’s wisdom and courage．
As an old Chinese saying goes： To catch a big fish， one must cast a
long line． The ancient Chinese wisdom fits the current Chinese economic
situation well．
Many leading economists and scholars have pointed out that while China‘
s economic restructuring is a challenging and arduous mission and the
transitional period could be lengthy and painful， China is at no risk of a
recession and the current 6.9 percent economic growth rate is still good
enough to sustain the country’s long-term prosperity．
Meanwhile， with the Chinese government actively pushing forward a
series of fundamental reforms and supporting innovation-based business
startups， both domestic entrepreneurs and foreign investors are expected to
benefit from the economic restructuring process．
For example， the government has spared no efforts to cut excessive
production capacity， boost domestic consumption and encourage the
development of the service sector． It has also granted more market access
to private capital and foreign investment．
The latest report from the American Chamber of Commerce in China showed
that last year nearly two thirds of its member companies made profit in
China， and three quarters saw good investment returns． The report also
found that most of the member companies were optimistic about the future
growth of the Chinese market， and over 90 percent of them viewed innovation
as the key to their future success in China．
A smart， far-sighted investor would seize the opportunity arising from
China‘s economic restructuring， and achieve a win-win outcome by investing
in China’s future and reaping the fruits of China‘s reform and robust new
economy．
As for those who want to bet on the “ultimate failure” of the Chinese
economy， they should look back at the past four decades， which witnessed
China‘s growth from an underdeveloped economy into a global economic
powerhouse through continuous reform and opening up．
They should also take into consideration the fact that the Chinese
government has been constantly improving the country‘s market regulatory
system and legal system． As a result， reckless speculations and vicious
shorting will face higher trading costs and possibly severe legal
consequences．
And just as proved in the yuan exchange rate case， the Chinese
government has sufficient resources and policy tools to keep the overall
economic situation under control and cope with any external challenges． | T******y
发帖数: 14506 | |
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