International investors pursue RMB

币游app下载安装

2021-06-28

LUPING/CHINADAILYExpertsencouragefurtheropeningoffinancialmarketsWithRMB-denominatedfinancialassetsmoreattractivethanevertoglobalinvestors,expertsar,,whichcanprovidestablereturns,arebeingchasedbyinvestorsworldwide,,($).Suchinsti,,,theeurozoneandtheUnitedKingdom,accordingtoresearchbyMoodysInvestorsService,whilesuchc,foreigncapitalinflowstoChinasfinancialmarketshavebeentriggeredbythewideverthepastyear,buoyedb,butthisrapidappreciationisexpectedtobeshort-lived,beca,theincreasedparticipationofforeigncapitalinChina,vice-presidentoftheBankofChinasresearchinstitute,saidforeigninvestorswillcontinuetobuyRMB-denominatedassetsthisyear,whiletssoundeconomyanditsrelativelystableinterestandexchangerates,comparedwiththoseelsewhereintheworld,,vice-chairmanoftheChinaSecuritiesRegulatoryCommission,saidChineseregulatorswouldtakemeasurestokeepthecapitalmarketstableduringfurtheropening-up,andpreventlarge-scalefluctuations,orthboundtradingthroughtheShanghai,ShenzhenandHongKongstockconnectprograms."Intheeventofforeigncapitalcominginandcausingbigfluctuationsinthestockmarket,wecantemporarilystoptrading,"FangsaidduringapaneldiscussionattheBoaoForumforAsiainApril."Wealsohavemeasurestopreventthemarketbeingaffectedbymajorfluctuations,whichcanresultfromlargeinflowsandoutflowsofforeigncapital,",foreigncapitalaccountedforabout5percentofChinasstockmarket,hesaid,addingthatincomparison,,itcancontributetomarketstability,eproportionofChinesestocksinmajorglobalma,deputyheadoftheStateAdministrationofForeignExchange,orSAFE,saidmoderatenetinflowsofcross-borderinvestmentsinsecurities-mainlyinstocksandbonds-havebeenmaintainedsofarthisyear,,presidentandchiefoperatingofficerofTheGoldmanSachsGroup,saidpilotprojectsprovidingincreasedfreeconvertibilityofforeignexchangehavebeenlaunchedrecentlyinBeijingandShenzhen,-up,andtheopeningofcapital,inthelatestmovetoassisttheopening-upofChinasfinancialsector,thePeoplesBankofChina-thecentralbank-releasednewdetailedrulesfotheGBA,whichcomprisesninecitiesinGuangdong,alongwithHongKongandMacao,tomakecross-boundaryinvestmentsinwealthmanagementproducts,orWMPs,nperperson,vice-presidentandseniorcreditofficeratMoodysInvestorsService,saidtheproposedrulesarepositivenewsfortheassetmanagementunitsofbanksontheChinesemainland,HongKongandMacao."However,thebankspotentialrevenuefromtheprogramwillbelimited,asnorthboundandsouthboundinvestmentsareinitiallycappedat150billionyuan,",ifimplemented,willmarkafur,SAFEandotherfinancialregulatorydepartmentsjointlyissuedasetofnewpoliciesto,bothincomingandoutgoing,byadoptingrequiredmethods,,,managingdirectorofAustralianCapitalEquity,haswitnessedChinasacceleratedfinsetmanagementcompanies,treatingdomesticandforeigncapitalequallyandallowingsomefinancialinstitutionstosetupbranchesandsubsidiariesatthesametime."Todate,policyimplementationhasbeenefficient,"saidHe,whoisworkingonestablishingarenminbiinvestmententityatHainanFreeTradePortthroughtheQualifiedForeignLimitedPartnershipprogram."ThespecialpoliciesinHainancanfacilitateforeigninvestmentintoChina,astheapplicationprocedureandmarketaccessrequirementshavebeensimplified,andagreaterlevelofflexibilityisofferedcomparedwithotherregionsinChina,"scapitalmarkets,inparticular,haveexperienceddeeperreformandfurtheropening-up."WithChinasstockmarketsbecomingmorewelcomingtothelight-assetneweconomysector,IhaveseenmoreentrepreneursinthissectorchoosetheA-sharemarketastheirIPO(initialpublicoffering)destination,"arketalmosttwodecadesago,therehasbeenanaccelerationinrecentyearsfollo,whichmeasurestockmarketperformanceinaparticulararea,,manyforeigninvestors,whohaveawait-and-seeattitude,areexpectedtomakemoreRMB-denominateddirectinvestmentduetothearrivalofpoliciestofurtheropenupthefinancialmarket."Frommyexperience,theforeignexchangepoliciessofarsupportthefreeconversionofacertainamountofprofitsthatweearnedinChina,andtherearebasicallynoobstaclesindoingso,",foreigninvestorshaveshownincreasedconfidenceandoptimismtowardthecountry,theyarepayingmoreattentiontoequityinvestment,especiallyininnovativeandhigh-techcompanies,edfieldssuchasthedigitaleconomy,,PresidentXiJinpingsaidinakeynotespeechdeliveredviavideolinktotheopeningceremonyoftheBoaoForumforAsiaAnnualConferencethatChinawouldcontinuetodevelopHainanFreeTradePortandnewsystemsforahigher-standardopeneconomy."Chinawilltakeanactivepartinmultilateralcooperationontradeandinvestment,fullyimplementtheForeignInvestmentLawanditssupportingrulesandregulations,cutfurtherthenegativelistonforeigninvestment,continuetodeveloptheHainanFreeTradePort,anddevelopnewsystemsforahigher-standardopeneconomy,"hesaid."AllarewelcometoshareinthevastopportunitiesoftheChinesemarket,",fromGoldmanSachs,saidthatifChinacontinuestoimprovelawsandregulationsinthefinancialsectorincompliancewithinternationalstandards,andensuresunrestrictedaccessforforeigninvestment,thecouconfidenceintheChinesemarket,hesaid.。