日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Financial market opening-up to intensify starting from Q2

By Zhou Lanxu and Chen Jia | China Daily | Updated: 2019-04-19 07:53
Share
Share - WeChat
An investor checks stock prices at a securities brokerage in East China's Jiangxi province, Oct 22, 2018. [Photo/VCG]

Overseas bodies buy $9.5b of domestic onshore bonds during first 3 months

China's financial market opening-up is on a steady track, with domestic bond and stock markets set to be further incorporated into global indexes from the second quarter, the State Administration of Foreign Exchange said on Thursday.

"The gradual, steady agenda of international mainstream indexes including the domestic markets should exert related influence in a smooth manner," Wang Chunying, spokeswoman of the foreign exchange regulator, said at a news conference.

The Chinese securities markets will continue to see an orderly net inflow of foreign capital for some while, Wang said, considering the index inclusions and the current relatively low foreign holdings.

On April 1, Bloomberg Barclays Global Aggregate Index started to include yuan-denominated government and policy bank bonds. Over the next 19 months, the global fixed-income investment benchmark would increase Chinese bonds' weighting evenly each month.

With global portfolio managers using the index to guide asset allocation, the move may usher in foreign capital of more than $100 billion from April to November 2020, analysts said.

Meanwhile, global index compiler MSCI Inc announced it would increase the weighting of China's A shares in a phased-in manner in May, August and November, potentially bringing in another nearly $70 billion in overseas capital.

During the first quarter, overseas institutions purchased a net $9.5 billion of domestic onshore bonds as well as a net $19.4 billion of mainland-listed shares, data from SAFE showed.

Liu Chunsheng, an associate professor at the Central University of Finance and Economics in Beijing, said as China's financial market opening-up deepens, the importance of preventing risks from two-way cross-border capital flow fluctuations has increased.

"Given the large scale of China's economy and foreign exchange reserves, it is unlikely for the country to be significantly hurt by risks associated with cross-border capital flows, but it is still necessary to push ahead reforms to better leverage the market's role in managing risks," Liu said.

Foreign exchange reserves have risen for five consecutive months to $3.0988 trillion as of the end of March, official data showed.

Wang said the country's foreign exchange market is able to "absorb" the impact of accelerating securities market opening-up, citing China's healthy economic fundamentals and the breadth and depth of the market.

Looking ahead, the country's continuous endeavors to optimize the renminbi exchange rate formation mechanism, as well as the foreign exchange market reforms, will help further stabilize the market, Wang said.

Specifically, SAFE will step up efforts to support securities firms and fund companies to participate in the foreign exchange market, and launch more types of options on the market this year, Wang said.

Also, qualified foreign institutional investor systems will be reformed, featuring streamlined access management and an expanded scope of investment, she said.

Since the beginning of the year, the foreign exchange market remained stable with positive changes, according to SAFE. During the first quarter, Chinese lenders recorded net foreign exchange sales of $9.1 billion, down 50 percent from the deficit during the same period last year.

Based on preliminary estimates, the country's current account recorded a surplus over the first quarter, with the surplus in goods having expanded year-on-year and the deficit in services narrowing, Wang said.

The country is expected to maintain a basically balanced current account and the overall stability of cross-border capital flows over the year, Wang said.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 狠狠干香蕉| 一呦二呦三呦国产精品 | 国产精品久久久久久久久久日本 | 免费的黄网站男人的天堂 | 亚洲成人一区二区 | 多女多p多杂交视频在线观看 | 59pao成国产成视频永久免费 | 青青国产在线视频 | 嫩草影院在线入口 | 欧美videosex性极品hd | 免费色视频 | 亚洲免费在线视频 | 成人精品网站在线观看 | 色婷婷色婷婷 | 日本精品一二区 | 国产区视频在线观看 | 日韩一级在线 | 亚洲高清一区二区三区 | 无码又黄又爽又舒服的A片 综合久久网 | 久久久精品网站 | 日产乱码卡1卡2卡三免费 | 黄色免费观看 | 色搞搞 | 大伊香蕉在线精品不卡视频 | 日韩精品a在线视频 | 色综合国产 | 911影院| 色婷婷99综合久久久精品 | 亚洲精品人成网在线播放蜜芽 | 日本无码免费久久久精品 | 91成人短视频 | 色倩网站| 色天天久久 | 成人国产在线观看 | 波多野结衣免费观看视频 | 日本一级毛片不卡免费 | 欧美亚洲日本 | 亚洲AV国产成人精品区三上 | 国产在线欧美精品中文一区 | 久久久久久久久久爱 | 黄色片特级 |