中國人民銀行擬實施"託賓稅" 抑制外匯投機活動

China's central bank has drafted rules for a tax on foreign-exchange transactions in a step to stem speculators, according to Bloomberg News.

據彭博社報道，中國人民銀行已經草擬了對外匯交易徵稅的規則，以抑制投機活動。

Known as the "Tobin tax", it is designed to raise the cost for spot currency conversions, and is described by its originator, Nobel-winning economist James Tobin, as "throwing sand in the wheels of speculators". Citing anonymous sources, Bloomberg reported on Tuesday that the initial rate may be kept at zero to allow authorities to refine the rules.

這種稅名爲"託賓稅"，旨在提高現貨外匯交易的成本，是諾貝爾經濟學獎得主詹姆斯·託賓提出的，他稱"託賓稅"是"往投機者的車輪下擲些沙子"。彭博社引用匿名消息人士的話稱，初始稅率可能爲0，以便更好地改善稅制。

The People's Bank of China didn't immediately respond to request for comments. Vice-governor Yi Gang has raised the possibility on several previous occasions but did not hint whether it would materialize any time soon.

中國人民銀行沒有馬上對該信息評論做出迴應。此前，副行長易綱曾在多個場合提出了可能性，但並未暗示是否這會在短期內實現。

The problem with the "Tobin tax", according to Tommy Ong, managing director for treasury and markets at DBS Hong Kong, is it can't guarantee less volatility in the market since it's difficult to identify if currency trading is due to speculation or the genuine need of companies hedging their foreign-exchange exposure.

香港星展銀行財務部及市場部總經理Tommy Ong表示，託賓稅的問題在於，它無法保證市場波動將平息，因爲很難分辨市場上的外匯交易是投機性行爲，還是公司正常對衝風險的需求。

In Hong Kong, the offshore yuan fell 0.12 percent to 6.5189 per dollar on Wednesday. After the worst start to a year in two decades, the yuan has strengthened 1.6 percent since Jan 7.

在香港，週三，離岸人民幣下跌百分之0.12至每股6.5189美元。在經歷了二十年來最糟糕的開年之後，自1月7日以來，人民幣已經升值了百分之1.6。

PBOC Governor Zhou Xiaochuan said at a Saturday news conference that it is difficult for him to predict movement in the exchange rate, but "despite volatility, calm and normalization always follow a period of turmoil".

央行行長周小川在週六的新聞發佈會上表示，對他來說，現在很難預測匯率的波動。儘管會有些波動，但是在動盪時期之後，總會迴歸平靜和常態化的。