三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

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: 国产精品麻豆久久99 | 亚洲不卡视频在线 | 在线视频观看免费视频18 | 91好色视频 | 97国产视频 | 91精品国产色综合久久不卡蜜 | 国产精品亚洲精品影院 | 亚洲日韩中文字幕 | 国产免费无遮挡精品视频 | 中文黄色片 | 黄色成年视频 | 欧美精品v国产精品v | 久久精品亚瑟全部免费观看 | 国产三级在线观看a | 免费国产成人高清视频网站 | 一级一片免费看 | 亚洲综合网站 | 97精品国产91久久久久久久 | 俄罗斯小younv另类 | 欧美日韩一区二区综合 | 欧美一级特黄aaa大片 | 日韩欧美91 | 黄色六级片 | 91久久亚洲精品国产一区二区 | 香蕉综合视频 | 免费在线观看网址 | 三级毛片网| 你懂的亚洲 | 久久精品影视 | 亚洲国产观看 | 国产91精选在线观看麻豆 | 久久se精品一区二区影院 | 亚洲一级成人 | 免费观看成人www精品视频在线 | 国产在线精品二区韩国演艺界 | 欧美精品一二三区 | 成人做爰全过程免费的叫床看视频 | 国产一区在线观看视频 | 久久久久久日本一区99 | 永久免费看电视网站 | 日本亚洲欧美在线 |