华东师范大学学报(哲学社会科学版) ›› 2003, Vol. 35 ›› Issue (6): 63-69, 120.doi: 10.16382/j.cnki.1000-5579.2003.06.010

• 经济 社会 • 上一篇    下一篇

中国外汇储备的性质与适度性问题思考

黄泽民   

  • 收稿日期:2003-09-23 出版日期:2003-11-01 发布日期:2025-12-15
  • 作者简介:黄泽民(1952-), 男, 江苏淮安人, 华东师范大学商学院金融学系教授, 博士生导师

A Consideration on the Issue of Nature and Adequacy of China's Foreign Exchange Reserves

Ze-min HUANG   

  • Received:2003-09-23 Online:2003-11-01 Published:2025-12-15

摘要:

1994年以来, 由于我国经济快速增长和国际收支持续双顺差, 在以强制结汇售制为特征的外汇管理制度的背景下和相关市场因素的作用下, 我国外汇储备持续迅猛增加。我国外汇储备具有不同于西方国家的两个鲜明的特点: 一是在我国的官方外汇储备中包含部分民间储备; 二是从来源看, 它具有一定的借入储备的性质。综合考虑上述各种因素, 以及我国在国际政治格局中所处的地位, 目前我们并不能得出我国外汇储备过剩的结论。

关键词: 外汇储备, 适度外汇储备, 中国, 国际收支

Abstract:

China's foreign exchange reserves have drastically increased since 1994 owing to its quick economic growth and double surplus of international payment balance, and also because the foreign exchange administration system demands a compulsory sale of foreign exchanges under the working of relevant market factors. The two features distinguish China's foreign exchange reserves from Western countries'. First, China's official foreign exchange reserves include civilian foreign exchange reserves. Second, so far as their source is concerned, they have characteristics of borrowed reserves. After a comprehensive consideration of above mentioned factors and China's position in the international political structure, we cannot reach the conclusion that China's foreign exchange reserves are overmuch.

Key words: foreign exchange reserve, adequate foreign exchange reserve, China, balance of payments

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