Chinese central bank officials RMB assets are still attractive

17 Nov

Chinese central bank officials: RMB assets are still attractive Sina fund exposure platform: the letter Phi lag behind false propaganda, the performance of long-term lower than similar products, buy funds pit how to do? Click [I want to complain], Sina help you expose them! FX168 financial newspaper (Hongkong) hearing on Thursday (September 22nd) Chinese (PBOC) Zhou Chengjun, deputy director of the central bank monetary policy two secretary said that the RMB assets yield is still attractive, the RMB can not only become the investment currency and reserve currency, can also become the international financial transaction currency, which is inherent to the next stage of RMB internationalization policy frame. According to Shanghai Securities News Thursday quoted Zhou Chengjun speech at the "Silk Road Financial Forum said, with the RMB in October 1st officially joined the SDR currency basket (SDR), a short period of time the RMB reserve assets accounted for the global reserve asset ratio will be from now 1.13% to more than 4%. Zhou Chengjun said, the RMB has become an international investment reserve currency, far from the goal of internationalization of the rmb. Next, the RMB to become an international financial transaction currency." Zhou Chengjun pointed out that this means that China should further promote capital account convertibility, further opening up of financial markets, allowing domestic investors to participate in the international foreign exchange market, foreign investors to participate in the foreign exchange market China. Since 2015 Chinese central bank conducted a series of initiatives: the opening of the financial market in July last year, foreign central banks institutions can use the RMB to invest in the interbank bond market, there is no product access, quotas and trading restrictions; in September of the same year to foreign central banks institutions open the inter-bank foreign exchange market; in February this year to the global range of qualified institutional investors open the inter-bank bond market. Zhou Chengjun said, rational investors in making investment decisions, will inevitably consider how to profit. So we have to offer investors a chance to make a profit. When investors are expected to change, or to carry out liquidity arrangements, there must be currency management, risk, and hedge channels." In addition, despite the devaluation of the RMB in the last 2 years, there is a tendency and expectations, and even institutions specialized short yuan, but the international acceptance of the RMB doubled. Zhou Chengjun and quoted the world bank Interbank Financial Telecommunications Association (SWIFT) statistics, as of the end of 5, the acceptance of the RMB in the international level, since 2 years ago, the rise of more than 18% to more than 36%. Proofreading: Pakistan into Sina Finance shares fit [discussion]相关的主题文章: