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China opens bond market to foreign investors in a step towards the liberalization of the economy
04/07/2017
China has opened its bonds market, amounting to $ 10 trillion, to foreign investors, in a move analysts said it will boost Beijing they went to make the yuan a global currency, and the integration of the Chinese market with the global financial system.
It was opened a new window of foreign investors from the Hong Kong way to be "qualified investors" can buy bonds from the Chinese bond market, the third largest market in the world after the United States and Japan.
Comes between qualified investors to enter the market, the central banks and sovereign funds, and also the major financial institutions, Hsppma said in a joint issued yesterday, "the Chinese People's Bank" (Central Bank) and "Hong Kong monetary authority".
The statement coincided with the twentieth anniversary of the former British colony back to Beijing that the bond platform linking Hong Kong and China markets went through the process of "trial run" starting from yesterday.
"The People's Bank" that this new platform will promote the interdependence between China and Hong Kong, as "will promote prosperity and stability of Hong Kong's long-term investment and provide an appropriate channel for international investors." The statement continued, "it will pay steadily opening up of the capital market in China." As Carrie Lam, chief executive of the new city of Hong Kong, it has praised the move as "another chapter in the development of a new joint access to capital markets in China and Hong Kong."
Before the announcement yesterday there were ways to enable foreign investors to obtain Chinese bonds, but did not contribute much to attract foreign investors, as their investments have remained in the Chinese anvil less than 1.5%, according to Bloomberg estimates.
China is working for more understanding between them and international markets, by allowing the entry of many foreign investors, at a time when slowing the growth of the local economy, and to make a global currency, which increases the influence of China's international monetary. The new platform reflects the previous link between the stock markets in both Hong Kong and China, which now allow foreign investors to buy securities in any of the markets.
http://aletejahtv.org/permalink/171296.html
04/07/2017
China has opened its bonds market, amounting to $ 10 trillion, to foreign investors, in a move analysts said it will boost Beijing they went to make the yuan a global currency, and the integration of the Chinese market with the global financial system.
It was opened a new window of foreign investors from the Hong Kong way to be "qualified investors" can buy bonds from the Chinese bond market, the third largest market in the world after the United States and Japan.
Comes between qualified investors to enter the market, the central banks and sovereign funds, and also the major financial institutions, Hsppma said in a joint issued yesterday, "the Chinese People's Bank" (Central Bank) and "Hong Kong monetary authority".
The statement coincided with the twentieth anniversary of the former British colony back to Beijing that the bond platform linking Hong Kong and China markets went through the process of "trial run" starting from yesterday.
"The People's Bank" that this new platform will promote the interdependence between China and Hong Kong, as "will promote prosperity and stability of Hong Kong's long-term investment and provide an appropriate channel for international investors." The statement continued, "it will pay steadily opening up of the capital market in China." As Carrie Lam, chief executive of the new city of Hong Kong, it has praised the move as "another chapter in the development of a new joint access to capital markets in China and Hong Kong."
Before the announcement yesterday there were ways to enable foreign investors to obtain Chinese bonds, but did not contribute much to attract foreign investors, as their investments have remained in the Chinese anvil less than 1.5%, according to Bloomberg estimates.
China is working for more understanding between them and international markets, by allowing the entry of many foreign investors, at a time when slowing the growth of the local economy, and to make a global currency, which increases the influence of China's international monetary. The new platform reflects the previous link between the stock markets in both Hong Kong and China, which now allow foreign investors to buy securities in any of the markets.
http://aletejahtv.org/permalink/171296.html
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