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

USEUROPEAFRICAASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Finance

Bond Connect seen boosting fund inflows

By Meng Fanbin | China Daily | Updated: 2017-09-11 08:34

Renminbi-denominated bonds will become one of the preferred investment options for international investors as China now offers a channel for offshore investors to access local notes, potentially boosting fund inflows in the future, said experts.

The Bond Connect, which was launched in July in Hong Kong, is expected to funnel hundreds of billions of dollars into the Chinese mainland's $10 trillion interbank bond market, said Zong Liang, a chief researcher at Bank of China, in a research note.

Qualified overseas investors now trade in the mainland's treasury bonds, local government bonds, institutional bank bonds and commercial bank bonds.

Standard Chartered Bank forecast that China's onshore bond holdings will rise to 1 trillion yuan ($153 billion) by this year-end.

Morgan Stanley predicted that the link will put Chinese government bonds on the world's benchmark bond index within the next 36 months, stimulating inflows of $250 billion to $300 billion into the Chinese market.

Citigroup Inc, the fifth foreign institution to receive approval to underwrite nonfinancial corporate bonds in China's interbank market, said there may be "significant" inflows into China's debt market from the Bond Connect.

"We see increasing interest from foreign institutional investors in the China interbank bond market, including corporate bonds," Bloomberg quoted Eduardo Delascasas, Citigroup's China head of markets and securities services in Shanghai, as saying.

China's overall fixed-income market is estimated at 67.6 trillion yuan, which global institutional investors can now access. And capital inflows are rising steadily, said Zong.

But the program may not bring massive foreign capital to China's bond market in the short term, he said.

On July 3, the first day of a trial of the platform, 70 overseas institutions clinched 142 deals worth 7.05 billion yuan, reflecting foreign investors enthusiasm for Chinese bonds.

Volumes, however, fell later to a stable or fluctuation-free daily average of 800 million yuan.

Lacking in experience in the China market, most overseas institutions are still exploring ways of maximizing the potential of the still-new investment channel, said Zong.

In July, Chinese enterprises issued a large amount of US dollar debt overseas, which foreign institutions invested in directly. At the same time, deleveraging in China created risk to bond prices, diluting players' passion for them, he said.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
炎陵县| 南投县| 翼城县| 盖州市| 静海县| 察隅县| 资兴市| 潜山县| 神池县| 黔西县| 万年县| 鲜城| 仁怀市| 平邑县| 文化| 金沙县| 昆山市| 昌宁县| 盖州市| 梓潼县| 赤峰市| 河源市| 兴和县| 巫溪县| 永清县| 天门市| 清水县| 鸡西市| 云安县| 新宾| 镇江市| 昭觉县| 平遥县| 福建省| 古浪县| 怀仁县| 寻乌县| 绥阳县| 通渭县| 翼城县| 七台河市|