查询词典 foreign exchange holding

China has been the first biggest foreign exchange reserved country in the world. With increase of foreign exchange reserve, for the stable of RMB valuta and relieve the international upvalue stress from foreign exchange market for foreign supply is more than need, central bank have to purchase foreign currency for forming huge money supply amount and increase inflation stress.

随着外汇储备的增长，为了维持人民币币值的稳定，减轻外汇市场上由于外汇供给大于需求而产生的人民币升值压力，央行不得不购进外汇，投放基础货币，从而使外汇占款大幅增加，形成巨大的货币供应量，加大通货膨胀的压力。2004年物价的大幅上涨，和外汇储备的快速增长密不可分。

For a long-term stable Exchange Rate of RMB, the Commercial Banks are not only lack of a full understanding of Exchange Rate risk but are also lack of the essential experiences and skills to manage the Exchange Rate risk. Exchange Rate System reform makes domestic Commercial Banks face a great challenge of Exchange Rate risk. Adapting RMB Exchange Rate reform and managing Exchange Rate risk are the subjects that the domestic commercial banks must face.

长期稳定的人民币汇率使商业银行对汇率风险既缺少足够的了解和重视，也缺乏必要的外汇风险管理的经验和技能，汇率制度改革使我国商业银行开始真正面临汇率风险的考验，尽快适应人民币汇率制度改革，应对汇率风险是我国商业银行面临的重要课题。

This thesis, titled "under the Exchange rate marketization of RMB a probe into exchange rate risk management from the enterprises' standpoint ", on the basis of some basic concepts and theory about exchange rate risk , mainly discusses the significance and exigency of study exchange rate risk management in corporation of china , and raises some proposals in such aspects as removing obstacles, optimizing exchange rate risk management system and establishing the mechanism of previous tergiversation exchange rate risk. In addition, the thesis analyzes the risks that will be encountered in the development of exchange rate marketization of RMB and offers solutions to these risks.

本文选择《人民币汇率市场化下的企业汇率风险管理研究》为题，在介绍汇率风险的基本知识和相关概念、企业对汇率风险管理基本理念的基础上，结合我国实际，分析了我国涉外企业在目前人民币汇率机制改革、人民币汇率逐步市场化的前提背景下汇率风险管理的必要性和紧迫性，提出逐步完善企业汇率风险管理系统，建立企业内部风险预警机制运行模式的建议、并对人民币汇率市场化下企业所面临的汇率风险进行了分析，提出了相应的对策。

In foreign trade, the implementing of the foreign exchange reserve policy has changed the nature of the equity foreign exchange quota allotted foreign trade enterprises from non-negotiable to negotiable for value, and from quota without value to quota with value, thus turning the quota into an impotant component in the liquid funds of foreign trade enterprises.

国家对外贸企业实行外汇留成政策，使外贸企业的自有外汇额度的性质，从不可转让变为有偿转让，从无价变为有价，成为外贸企业流动资金的重要组成部分。

In addition, the blank holding force that is required to avoid wrinkle and rupture during conical part deep drawing is researched. The necessity of reasonable blank holding force in pressing is expounded. From the view of mechanical analysis, the wrinkle critical condition of side-wall is derived for the first time by the stress state of side-wall, the main deformation region on blank. According to the critical condition of plastic instability for flange, side--wall, corner of punch on blank, The blank holding force in conical part deep drawing is divided into four different regions within its forming figure. The basic principle of reasonable blank holding force during stamping is summarized and provided. The mathematical model of reasonable blank holding force that avoids the wrinkle and rupture is established and verified by the finite element numerical simulation and the grid experiment method. The result shows that it is accurate and reliable.

此外，本文还研究了圆锥形件拉深成形过程中，随着拉深变形过程的进行，毛坯为避免产生起皱、破坏缺陷而对压边力的需求情况，阐明了圆锥形件拉深成形过程中压边力合理变化的必要性；由毛坯主要变形区悬空锥壁部分的受力变形情况，从力学分析的角度，首次推导得出了圆锥形零件悬空锥壁起皱失稳的临界条件；并根据主要变形区法兰、悬空锥壁及凸模圆角部分的塑性失稳临界条件，在其成形范围图中，将圆锥形件成形过程中的压边力划分为四个区域；总结并提出了圆锥形件成形过程中压边力合理变化的基本原则；建立了防止起皱、破坏缺陷产生的压边力合理变化的数学模式，并得到了有限元数值模拟及网格实验法的验证，证实了理论分析结果的正确性和可靠性。

From the point of administration, based on the current exchange rate management system, this paper mainly involves a series of research methods, such as literature analysis, comparative analysis, positive analysis, and systematic analysis and so on. Firstly, it reviews and combines the revelant theories of exchange rate. Secondly, it analyzes the problems existing in our current exchange rate management system in the region of government's system design on exchange rate management system. Finally, according to the major environment of the reform of economic system and politic system and the actual situation that current exchange rate of RMB faces, it put forwards the route and scheme of the reform of our government's exchange rate management system.

文章从行政管理的视角出发，立足我国现行汇率管理体制，主要通过运用文献分析、比较分析、实证分析、系统分析等研究方法，首先对汇率管理的相关理论进行梳理、回顾，其次从政府汇率管理体制的制度设计层面剖析了我国现行汇率管理体制中存在的问题，总结了改革的必要性和必然性，最后针对我国经济体制和行政体制改革的大环境和现阶段人民币汇率问题所面临的现实情况，提出了我国政府汇率管理体制改革的路径和方案。

Along with the constantly increase of foreign currency deposit, the low interest rate in our country and the intrinsic risk of foreign exchange, the people holding foreign currency had not been satisfied with the simple investment channels, such as the ordinary bank deposit and the real time exchange. They hoped the market could provide some new investment channels.

随着我国外汇储蓄规模的不断增长，以及外币存款的低利率和外汇市场固有的汇率风险，外汇持有者已不再满足于只有普通存款和实盘买卖这样的投资渠道，他们盼望市场能提供有创新意义的新的投资渠道。

Therefor,international exchange of risk between demestic and foreign financial sectors,i.e.the former exporting safe capital by holding official foreign exchange reserves while importing risky capital through direct foreign investment,is the key to economic growth.

本文的另一个重要结论是，中国经济的增长和波动是统一的。尽管其中的机制有别于真实经济周期理论，但是，"中性"依然应该作为宏观经济政策的基本出发点。

Chapter six presents such new concepts as margin utility contribution force, profit-risk exchange rate, state-expectation-variance utility function, long-term expectation-variance utility curve and optimal portfolio expansion curve. The state-expectation-variance analytical method is developed from the expectation-variance analytical method. The changing rate of profit-risk exchange rate to state variable is used to define and distinguish the decreasing, constant and increasing relative risk aversion. A decomposition formula about the margin contribution force of holding wealth to state-expectation-variance utility function is displayed. The decomposition formula demonstrates that the contribution force of investors' holding wealth to their utility is composed of the pure contribution force of holding wealth and the investment contribution force bronght about through investment portfolio.

第六章提出了边际效用贡献力、收益—风险替换率、状态—期望—方差效用函数、长期期望—方差效用曲线、最优证券组合扩展线等新概念；把期望—方差分析方法发展成状态—期望—方差分析方法；用收益—风险替换率对状态变量ω的变化率来定义和区分递减、定常、递增相对风险厌恶；获得了持有财富对状态—期望—方差效用函数的边际贡献力的分解式，该分解公式表明投资者的持有财富对他的效用的贡献力由持有财富本身的纯贡献力和持有财富通过投资证券组合所产生的投资贡献力所组成。

Foreign exchange risk problem has attracted people's much attention and extensive research, and how to forecast the directions and the degree of the change of foreign exchange rate is the basis of foreign exchange risk management.

外汇风险问题已经引起了人们的高度重视和广泛研究，其中如何准确地预测汇率变动的方向和程度是外汇风险管理的基础。

Although translator has turned from being a crystal ball by which the original culture can unrestrainedly penetrate to another crystal ball by which the target culture can freely traverse, the translator's personal embodiment, in the process of cognitive act, are still absent in translation studies. Translators are still subjects without body or simply disembodied subjects.

译者虽然由原语文化可以自由穿透的玻璃球变成了译语文化可以自由穿越的玻璃球，但译者认知过程中的个体体验在翻译研究中依然缺席，译者依然仅仅是一个没有躯体体验的主体。

Chillingly, he claimed our technology is 'not nearly as sophisticated' as theirs and "had they been hostile", he warned 'we would be been gone by now'.

令人毛骨悚然的，他声称我们的技术是'并不那么复杂，像他们一样，和"如果他们敌意"，他警告说，'我们将现在已经过去了。