男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

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

Opening-up key priority in ongoing financial reforms

By Chen Jia | China Daily | Updated: 2020-09-25 07:47
Share
Share - WeChat
A visitor passes the Standard Chartered booth during the 2019 China International Import Expo held in Shanghai. [Photo by Ma Jian/For China Daily]

New rules seek to eliminate long-standing cross-border funding obstacles

Regulators are determined to accelerate financial opening-up amid attempts to boost the value of yuan-denominated assets and attract offshore funds by removing long-existing cross-border funding obstacles.

As the country's top-level policymakers have proposed a new development pattern featuring "dual circulation"-which takes the domestic market as its mainstay, with domestic and foreign markets connecting and supporting each other-financial opening-up and structural reforms will be further promoted to support the development strategy, experts said.

Regulators recently targeted a further opening of the country's 109 trillion yuan ($16 trillion) bond market, the world's second largest. Earlier this month, the central bank and the regulators of the securities and foreign exchange sectors jointly issued a set of new rules that allow foreign institutional investors to directly enter the onshore bond exchange market, or invest through Bond Connect programs.

It marks the first time that foreign investors are able to purchase exchange-traded bonds in China. Previously, regulators only approved overseas funds that were injected into the interbank bond market, a reform that began a decade ago.

Fang Xinghai, vice-chairman of the China Securities Regulatory Commission, said earlier this month that China will soon release revised policies for foreign investors injecting capital into the onshore stock and bond markets, and broaden connect programs between onshore and offshore markets.

These new measures will encourage foreign investors to increase their holdings of yuan-denominated financial assets, Fang said.

The CSRC said that in the first eight months of this year, net inflows of foreign capital stood at 126.5 billion yuan through stock and bond connect programs. In July alone, foreign institutions increased investment in treasuries and bonds issued by policy banks to 146.26 billion yuan, a record high.

Foreign investors held 2.46 trillion yuan of Chinese bonds onshore at the end of August, up by 5.03 percent compared with July. This is the 21st consecutive month that foreign institutional investors increased their bond purchases, the central bank said.

This will encourage Chinese financial regulators to further expand financial products, including exchange-traded funds, commodities futures products and risk management instruments for foreign institutions, Fang said.

From 2015 to 2017, foreign investors mainly used the qualified foreign institutional investor platform to inject funds into the bond market, but the investment scale was limited by an annual quota and complicated administrative approval procedures, analysts said.

Last year, the People's Bank of China, the central bank, announced a removal of the ceiling on quotas for foreign investors to buy stocks and bonds under the QFII scheme. Later, the same policy was offered for the yuan-denominated version, or the renminbi qualified foreign institutional investor policy.

1 2 Next   >>|
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: 岐山县| 汉阴县| 溆浦县| 泊头市| 宜章县| 淮南市| 利辛县| 西青区| 福建省| 库车县| 万安县| 仙游县| 科技| 砀山县| 黑龙江省| 塔城市| 武义县| 班玛县| 吉隆县| 荆门市| 都安| 海淀区| 察雅县| 卢氏县| 如皋市| 通州区| 胶州市| 太谷县| 石柱| 公安县| 东城区| 虞城县| 凤冈县| 电白县| 武平县| 黄大仙区| 怀来县| 绵阳市| 建昌县| 内江市| 巴彦淖尔市|