The higher exchange rate also speeds the spread of the income gains from the terms of trade rise to sectors other than the resources sector, by directly increasing their purchasing power over imports. The resulting rise in imports spills demand for tradable goods and services abroad, which helps to reduce domestic inflation.
We advocate healthy development of the market and have been supportive of reforming the issuance and pricing mechanism on the capital market. The whole financial community attaches great importance to the role of capital market in financing by SMEs and innovative enterprises, especially hitech enterprises and growth enterprises. The development of GEM is consistent with the scientific outlook of development.