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

US EUROPE AFRICA ASIA 中文
Business / Markets

Reforms spur foreign investors' interest in interbank bond market

By Cecily Liu in London (China Daily) Updated: 2016-04-21 08:53

Reforms spur foreign investors' interest in interbank bond market

An employee of the Bank of China at the bank's outlet in Nanjing, capital of Jiangsu province.[Provided to China Daily]

High yields, ability to diversify by purchasing more bonds are making market attractive

Foreign investors are fast taking up new opportunities to invest in China's interbank bond market after China's decision in February to further liberalize the sector, investors and analysts said.

The high yields on offer, coupled with the ability the market provided to investors to diversify by purchasing more Chinese bonds, were key factors that made the market attractive, they said.

With growing evidence of overseas interest, the Bank of China hosted a forum in London on Wednesday to explain to foreign investors how to use this market. The gathering attracted about 50 representatives from global investment companies and institutions.

Jin Mei, chief representative of the People's Bank of China, said at the forum that the liberalization of China's interbank bond market was an important step in China's overall capital account reforms and yuan convertibility.

Wang Huabin, deputy general manager of the Bank of China's London Branch, said China's interbank bond market was expected to grow further this year, as the market anticipated increasing issuance of municipal, panda and green bonds. This growing scale will create further opportunities for overseas investors, he said.

Valued at about $7 trillion, China's interbank bond market is currently the third largest in the world, following the US and Japan. Previously the market was only open to foreign investors with Qualified Foreign Institutional Investor and Renminbi QFII licences, whose investments were restricted to the amount of their quotas.

As a result foreign participation stands at about 2 percent. In February, however, the PBOC said it would allow certain types of foreign investors to buy bonds in its interbank bond market and would scrap quotas for long-term investors such as pension funds and charity funds.

Andrew Malcolm, a partner and head of capital markets in Asia at the London-based law firm Linklaters, said the attractiveness of China's interbank bond market is due to the yield combined with the relative stability of its economy and currency.

"Long-term this is a very positive development for the Chinese economy as it will further integrate China with global capital markets. Combined with the internationalization of the yuan, the overall effect is a heightened economic leadership role for China. The yuan is a key pillar to the global economic order and will become a core currency globally," Malcolm said.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 鄂尔多斯市| 毕节市| 田阳县| 平邑县| 黄梅县| 房产| 东山县| 宜兰市| 镇江市| 常州市| 措勤县| 阿图什市| 池州市| 从江县| 尉犁县| 富蕴县| 宣武区| 克拉玛依市| 桦川县| 应城市| 夏津县| 峡江县| 泰和县| 高阳县| 图木舒克市| 聂拉木县| 韶山市| 周宁县| 东丰县| 武安市| 和政县| 岑溪市| 三亚市| 浦江县| 苏尼特左旗| 松桃| 府谷县| 阳西县| 长兴县| 石河子市| 太康县|