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金融双语
引用本文:赵蔚华. 金融双语[J]. 金融论坛, 2005, 10(1): 64
作者姓名:赵蔚华
作者单位:中国工商银行投资银行部,100032
摘    要:RiskAdjustedReturnOnCapitalRiskAdjustedReturnOnCapital(RAROC)isarisk-adjustedprofitabilitymeasurementandmanagementframeworkformeasuringrisk-adjustedfinancialperformanceandforprovidingaconsistentviewofprofitabilityacrossbusinesses.RAROCismainlyusedwithinbu…


China Reformed the Exchange Rate Regime
Abstract:Forward Sale and purchase of Foreign Exchange Business and RMB Swaps against Foreign Currencies August 2,The People's Bank of China (PBOC) decided to expand designated banks' forward sale and purchase of foreign exchange business and launch RMB swaps1 against foreign currencies. As the major exchange rate risk2 management tools, PBOC's decision will promote China's foreign exchange market mechanism reform, enable the market to play more important role in exchange rate mechanism as well as to satisfy the needs of domestic economic agents to avoid exchange rate risks. In order to make clear the operations and regulations concerned, PBOC promulgated the special explanation.
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