The primary function of foreign exchange reserve in a country’s financial system is to act as a “buffer”. Sufficient foreign exchange reserve shows the country’s capability in foreign exchange market intervention, the maintenance of its currency exchange rate and the serving of foreign debts; moreover, it is an important reassurance for public confidence.
然而外匯儲備並非越多越好，外匯儲備是財富和購買力的代表，它可以被用於生產活動，所以持有的外匯儲備是有機會成本的，外匯儲備過多還導致貨幣政策實施效果減弱，增加通貨膨脹壓力，人民幣升值壓力等問題。
But foreign exchange reserve is not necessarily the more the better; it represents wealth and buying power and it can be applied to production activities, so there is an opportunity cost for holding foreign exchange reserve. Excessive foreign exchange reserve will lead to various problems, such as the weakening of monetary policy effects, increase in the pressure on inflation and the revaluation of Renminbi.
近年來隨著我國經濟的高速增長，外匯儲備迅速增加，比照其他國家的數據，我國外匯儲備在規模和結構上都存在壹系列問題，完善我國外匯儲備管理成為目前理論探討的熱點自此，就需要改變外貿增長方式，加強外匯儲備管理，合理投資等措施以求的外匯儲備的規模合理化、適度話，同時根據高效的外匯管理也會給我國帶來可觀的經濟效益。
In view of the rapid growth in China’s economy in recent years, its foreign exchange reserve has been increasing exponentially. Compared with the data of other countries, there are a series of problems in China’s foreign exchange reserve in terms of scale and structure; so the improvement in the management of China’s foreign exchange reserve has currently become a hot topic of theoretical discussions. In order to maintain a rational and appropriate scale in the foreign exchange reserve, it would be necessary to adopt relevant measures such as changing the growth mode of foreign trades, enhancing the management of foreign exchange reserve and making rational investments. At the same time, a highly efficient foreign exchange management will bring about significant economic benefits to the country.
英語牛人團