国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Markets

Strong year to spark more foreign interest

By XIE YU (China Daily) Updated: 2015-01-06 08:23

Strong year to spark more foreign interest

An investor smiles in a brokerage in Fuyang, Anhui province, on Monday. The Shanghai Composite Index advanced 3.6 percent to close at 3,350.52, the highest level since Aug 6, 2009. [Photo/China Daily]

Undoubtedly one of the catch-phrases that Chinese stock investors like to hear most is "opening up".

The government has already taken numerous steps to ease restrictions on foreign capital in the domestic stock market. You must have heard about QFII, or, more recently, the Shanghai-Hong Kong Stock Connect.

So far, these conduits of foreign capital have produced results that have failed to meet the expectations of stock brokers and investors. Foreign capital accounts for less than 2 percent of market liquidity. It is too small a proportion to make a difference. But things are expected to change in 2015.

Analysts say international investors will have a bigger involvement in China's A-share market as the authority is expected to broaden the investment channels and speed up the internationalization of the Chinese currency.

Although the Shanghai-Hong Kong Stock Connect program, initiated in mid-November, has been a big letdown with the daily trade quota remaining largely unused, stock analysts suggest that given more time the market will warm up, with more long-term investors like pension funds joining in after they have sorted out the compliance issues and technical obstacles.

Hong Kong Stock Exchange data showed that less than 5 percent of the 250 billion yuan ($40.3 billion) worth of southbound aggregate quota had been used before the Christmas break, in comparison to one-quarter of the 300 billion yuan northbound aggregate quota being used.

Average utilization of the daily quota has been lingering under 10 percent in both ways since the start.

"Overseas hedge funds are dominating current trade volumes, while many large-scale mutual funds are still observing the program and making evaluations. But one thing is for sure-they are very interested," said Zhu Haibin, chief China economist at JPMorgan & Co.

UBS chief China strategist Chen Li said in a recent report: "We estimate that in the coming year, new overseas funds flowing into the A-share market will exceed 550 billion yuan, and the market value of shares held by international investors will increase from the current 350 billion yuan to 900 billion yuan, equivalent to 8-9 percent of the total A-share free float market cap".

Chen cited the internationalization of the renminbi as the biggest catalyst that will lure foreign capital in. The government has set the goal of making the currency fully convertible by 2020, the subject of numerous seminars held by the People's Bank of China, the central bank.

This means that in six to eight years' time, A shares will likely be included in international indexes in accordance with internationally accepted rules and will not be given significant discounts.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
深圳市| 芦山县| 鸡东县| 台北县| 随州市| 兴和县| 芒康县| 万载县| 屏东市| 会昌县| 会宁县| 望江县| 昆明市| 长治市| 长垣县| 乃东县| 翁牛特旗| 惠东县| 澳门| 新建县| 汉沽区| 萍乡市| 南丹县| 通渭县| 陈巴尔虎旗| 高邑县| 芜湖县| 邵阳县| 龙陵县| 渭源县| 达尔| 长子县| 通河县| 仁化县| 东兰县| 黑水县| 太白县| 区。| 龙胜| 阿图什市| 泽普县|