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

US EUROPE AFRICA ASIA 中文
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
...
主站蜘蛛池模板: 国产精品第三页在线看 | 9久9久女女免费精品视频在线观看 | 欧美大片在线观看成人 | 亚洲欧美精品一中文字幕 | 成人a毛片免费视频观看 | 5c5c5c精品视频在线观看 | 久久久久综合国产 | 五月婷婷网 | 在线高清视频18jin观看 | 亚欧美图片自偷自拍另类 | 一级做a爰片久久毛片毛片 一级做a爰片久久毛片免费 | 天天插综合网 | 亚洲美色综合天天久久综合精品 | 在线观看人成网站深夜免费 | 亚州日韩| 亚洲精品香蕉一区二区 | 丁香婷婷综合五月六月 | 快使劲弄我视频在线播放 | 国产免费人成xvideos视频 | 日本高清免费一本视频在线观看 | 色视频在线观看视频 | 香蕉高清免费永久在线视频 | 日韩视频网址 | 国产精品久久国产精品99 | 亚洲综合图库 | 国产精品中文字幕在线观看 | 日韩第一页 | 久久尤物视频 | 亚洲三级一区 | 亚洲在线网址 | 国产在线播放你懂的 | 欧美日一级 | 欧美成人中文字幕 | 六月丁香婷婷天天在线 | 亚洲美女在线观看 | 久久国产精品久久久久久 | 欧美一区二区在线 | 日本级毛片免费观看 | 成年人激情网站 | 精品视频在线观看一区二区 | 成人免费视频在线观看 |