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

Sovereign wealth funds find sweet spot in China

China Daily | Updated: 2021-09-15 09:03
Share
Share - WeChat
At a time when uncertainty has gripped the investment world, global sovereign wealth funds are looking at China for greater certainty in returns. [Photo/IC]

BEIJING-At a time when uncertainty has gripped the investment world, global sovereign wealth funds are looking at China for greater certainty in returns.

Chinese assets are becoming increasingly attractive to sovereign wealth funds, thanks to the country's impressive economic growth, higher asset returns and improved investment access, a recent study by investment management company Invesco said.

The firm surveyed 141 senior investment officers or portfolio strategists from 82 sovereign wealth funds and 59 central banks, and found that 98 percent of the funds are willing to maintain or increase their China allocations over the next five years.

"With China's growing economic standing and the potential attractive returns available on the mainland, it seems likely China will be a top player for years to come," the report said.

In fact, some of the biggest sovereign wealth funds are already casting their vote of confidence in the world's second-largest economy. By the end of June, China accounted for 4.9 percent of the equity investments of the Norway Government Pension Fund Global, making it the single largest emerging market of the large-scale sovereign wealth fund.

Chinese assets accounted for 27 percent of the portfolios of Singapore-based Temasek Holdings by the end of March, more than the share of any other country.

What's behind the increased exposure to Chinese assets is the prospects of attractive returns. Major stock indices performed particularly well in 2020, helping the Norway Government Pension Fund Global secure a return of 33.9 percent in its Chinese equity investments.

Bond yields are also appealing. The 10-year treasury bond yield in China stood at around 2.9 percent, more than double that in the United States and much higher than the negative returns in the eurozone.

"The returns from the Chinese market have become the key to growth for major sovereign wealth funds," said Fu Chenggang, chief economist with the International Financial Center Federation.

A more important factor behind the increased investment in China by sovereign wealth funds is the country's economic resilience.

Usually funded by foreign exchange reserves and a country's budgetary surplus, sovereign wealth funds are often state-owned and are tasked with generating returns to help stabilize the economy and accumulate wealth for future generations.

With such objectives, the funds usually have a long-term investment horizon and seek stable returns. The Chinese economy, which proved resilient despite the impact of COVID-19, makes it a compelling investment case, said Arnab Das, a global market strategist with Invesco.

The Invesco report also cited China's increased openness to foreign investment in sectors such as infrastructure as the reason behind their bullish stance.

"China's opening-up measures in the capital market, foreign trade and certain industries not only fuel the long-term growth momentum for the economy but offer more stable expectations for foreign investors," Fu said.

Xinhua

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: 欧美另类视频一区二区三区 | 国产中文字幕一区 | 日韩hd| 一 级做人爱全视频在线看 久久综合九色综合网站 | 欧美一区二区三区四区夜夜大片 | 久久久综合 | 蜜桃传媒一区二区亚洲AV | 白颖宇| 精品国产欧美一区二区 | 999热精品视频 | 在线成人| 超97在线观看精品国产 | 久久久久久久蜜桃 | 爱豆在线观看网址91 | 免费 | 青娱乐九色 | 无码AV免费一区二区三区A片 | 色综合网亚洲精品久久久 | 日本不卡免费新一二三区 | 色综合a| 99在线观看精品 | av片在线播放 | 亚洲精品欧美综合四区 | 久久国产欧美日韩精品 | 亚洲免费在线视频 | 日韩精品成人 | a级黄色片视频 | 国产美女被爽到高潮免费A片小说 | 99精品国产高清一区二区麻豆 | 欧美综合成人网 | 免费精品一区二区三区在线观看 | 草久在线视频 | 精品毛片视频 | 国产在线网址 | 日日狠狠的日日日日 | 久久久青草 | 欧美在线一级精品 | 九九线精品视频 | 色狠狠色狠狠综合一区 | 99精品国产免费久久国语 | 三级a做爰大乳在线观看 | 亚欧视频在线观看 |