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

Money

China must hasten bond market reform: PBOC adviser

(Agencies)
Updated: 2010-07-21 11:59
Large Medium Small

SHANGHAI - China must speed up reform of its opaque bond market as soon as possible to help accelerate the development of its financial sector, a central bank adviser said on Tuesday.

Xia Bin, one of three academic advisers on the People's Bank of China's monetary policy committee, said the progress of China's bond market reforms had been too slow, partly because of the absence of a single regulatory body.

China's bond market is fragmented into somewhat overlapping segments overseen by different government agencies, including the National Development and Reform Commission, the central bank and the securities regulator.

Red tape in getting bond issues approved and restrictions on the types of investors that can buy into them have also stunted development.

Xia suggested regulators replicate the liberalisation measures they have carried out in the stock market and the fund industry, via the Qualified Foreign Institutional Investor and Qualified Domestic Institutional Investor programs.

Related readings:
China must hasten bond market reform: PBOC adviser China should speed up development of bond market
China must hasten bond market reform: PBOC adviser China real estate bubble bursts in bond market
China must hasten bond market reform: PBOC adviser Roubini sounds alarm on bond market 'vigilantes'
China must hasten bond market reform: PBOC adviser Currency swaps, regional bond market better for Asia

QFII allows foreign investors to buy financial assets in China within certain quotas, while the QDII scheme allows for domestic funds to buy assets overseas.

"Since a fully liberalised market is not possible at this point, can we use other channels, such as the QFII and QDII schemes to promote the bond market?," Xia told a financial seminar in Shanghai.

Analysts say it is important for the bond market to develop, in part to give companies more fundraising options. Firms currently rely largely on issuing shares, bank loans and foreign investment for funding.

Xia said steps being taken to develop an offshore yuan bond market in Hong Kong would complement efforts to develop the bond market in the mainland.

"This does not go against Shanghai's goal to become an international financial hub by 2020 because an offshore yuan bond market in Hong Kong will help Shanghai achieve that goal," Xia said.

On Monday, China took a big step towards internationalising the yuan by tweaking rules to allow the sale of yuan-denominated financial products in Hong Kong and giving companies greater access to yuan funds. [Mainland, HK sign?pact for RMB?business in HK]

金沙县| 蒙城县| 南阳市| 许昌市| 明溪县| 海淀区| 黄龙县| 靖西县| 安吉县| 霸州市| 鹤庆县| 新密市| 巴林左旗| 松桃| 龙里县| 句容市| 万山特区| 汨罗市| 文水县| 双流县| 江山市| 红河县| 柳河县| 鹤庆县| 新民市| 兴宁市| 天镇县| 高密市| 泸西县| 西藏| 怀宁县| 南宁市| 宁陕县| 彰武县| 南漳县| 旬邑县| 平谷区| 铁岭县| 岳西县| 湘潭县| 宁南县|