日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Opinion

Financial market reform on track

By Alan Cloete (China Daily) Updated: 2014-05-13 13:47

Deutsche Bank, which opened its seventh office in China - a sub-branch in the Pilot Free Trade Zone in Shanghai - on May 8, has a positive outlook on China's economic growth and the government's commitment to market liberalization. In fact, at 7.8 percent, our (Deutsche Bank's) economic outlook for China's GDP growth for 2014 is at the higher end of the consensus.

We also believe that reforms in the financial market, in which the bank plays a large role, are likely to occur more quickly than the broader market expects. This will have profound implications for China's financial system and its participation in the global economy.

Financial market reform on track
Financial market reform on track
The Chinese government's recent financial market reforms should be applauded. They include accelerating the opening up of the capital account and domestic financial markets through initiatives such as the Renminbi Qualified Foreign Institutional Investors and the recent joint in-principle approval by the China Securities Regulatory Commission and Securities and Futures Commission of the pilot Shanghai-Hong Kong Stock Connect program, which is aimed at establishing mutual stock market access between the Chinese mainland and Hong Kong.

Also, the renminbi-US dollar spot intra-day trading band has been widened from +/-1 percent to +/-2 percent, which indicates the government is committed to increasing the renminbi exchange rate flexibility and liberalizing its currency's exchange rate regulation.

The approval of the Shanghai-Hong Kong Stock Connect program demonstrates China is committed to accelerating the pace of capital account liberalization. This program is another policy milestone in the move to internationalize the renminbi, because it offers additional investment channel in the offshore renminbi circulation mechanism. It will also boost the demand for renminbi-denominated assets and promote the use of the Chinese currency for investment settlement purposes.

There is already a consensus in China on the direction of renminbi internationalization. But issues such as macroeconomic risks arising from the process and whether and how policies should promote the internationalization of the renminbi, and what pace the process should adopt remain subjects of debate. Our view is that there are three main areas of development that need to be addressed to enable the renminbi internationalization process to proceed smoothly.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 永久免费看片 | 国产三级在线观看 | 日韩高清在线一区 | 91综合视频| 亚洲男人皇宫 | 日本欧美一级片 | 四虎影院一区二区 | 日本美女一区二区 | 性高潮视频在线观看 | 一区二区三区免费视频观看 | 欧美a v| 国产一区不卡视频 | 国产精品天天看 | 香蕉视频网页版 | 久久久精彩视频 | 国内外成人免费视频 | 亚洲综合色网 | eeuss中文 | 成人在线观看黄色 | 亚洲国产视频一区 | 狠狠干2019| 欧美韩一区二区 | 久久国产免费观看 | 成人羞羞国产免费图片 | 国产美女福利在线 | 日韩中文在线视频 | 337p亚洲精品色噜噜狠狠 | 蜜臀久久99精品久久久无需会员 | 男人的天堂毛片 | 一区三区视频在线观看 | 婷婷色av | 国产亚洲区 | 久久尤物视频 | 成人av动漫在线观看 | 91精品在线看 | 欧美精品自拍偷拍 | 亚洲一区视频在线 | 国产视频一区在线播放 | 亚洲精品小说 | 日本韩国欧美 | 国产视频久久久久久久 |