red dog casino no deposit bonus
japanasiangames|Int'l recognition of China's bond market improving significantly: financial sector
super 2024-07-10 13:14:57
16

HONG KONG, July 10 (Xinhua) -- A summit was held in Hong Kong on Tuesday to mark the 7th anniversary of Bond Connect which links the mainland and Hong Kong bond marketsjapanasiangames.

Participants of the summit held by Bond Connect Company Limited (BCCL) believed that the international recognition of China's bond market was significantly improvingjapanasiangames.

japanasiangames|Int'l recognition of China's bond market improving significantly: financial sector

Launched in 2017, Bond Connect grants overseas investors easier access to the enormous market of the Chinese mainland.

Zhang Yi, Chairperson of BCCL, said that Bond Connect has pioneered the development of the financial market under multiple constraints, withstood the test of the market with impressive data, and was welcomed and recognized by institutional investors.

Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region (HKSAR) government, said that Bond Connect is the main channel for overseas investors to allocate mainland assets. Last year, the total transaction volume of international investors' investment in mainland bond market exceeded 15 trillion Chinese yuan (2.06 trillion U.S. dollars), two-thirds of which were conducted through Bond Connect.

Chan said that in the future, Hong Kong will continue to make good use of its own advantages, seize national development opportunities, continuously optimize interconnection content, and better gather mainland and global capital and investors.

Jiang Huifen, Deputy Director-General of the Financial Market Department of the People's Bank of China, said in a video speech that in recent years, the increasing connectivity between the mainland and Hong Kong has injected vitality into the development of China's financial opening-up. The People's Bank of China will continue to strengthen pragmatic collaboration with Hong Kong, and support Hong Kong's development as an international financial center to a higher level with greater determination.

Eddie Yue, Chief Executive of Hong Kong Monetary Authority (HKMA), said that in the past few years, the global financial market has become more and more volatile, but the willingness of international investors to invest in RMB assets has not decreased and even increased.

The Southbound Bond Connect is an important driving force behind the development of the offshore RMB bond market in Hong Kong, attracting many domestic and overseas enterprises and financial institutions to issue dim sum bonds in Hong Kong. The total amount of RMB bonds issued in Hong Kong last year was 540 billion yuan, an increase of 3.5 times over 2020, Yue added. (1 U.S. dollar = 7.29 Chinese yuan)

Related recommendations
remoteworkbingo|Sudan dam collapse leaves at least 60 dead, hundreds missing
remoteworkbingo|Sudan dam collapse leaves at least 60 dead, hundreds missing
People are seen on a bridge damaged due to floods after the collapse of Arbaat Dam in Red Sea State, Sudan, on Augremoteworkbingo. 26,...
portablevideopokergame|Feature: Bringing centuries-old tea experience to modern Taipei
portablevideopokergame|Feature: Bringing centuries-old tea experience to modern Taipei
A participant grinds tea leaves at a workshop called "Teatime in Tang Dynasty" on the sidelines of the Taipei Int'l Tea Culture Expo in...
150freespinsfor$5|Across China: Guarding greenery on northeast China's Changbai Mountain
150freespinsfor$5|Across China: Guarding greenery on northeast China's Changbai Mountain
Jia Xiang checks the condition of Thuja koraiensis at a seedling base of the Changbai Mountain scientific research institute in northea...
houseoffunplaynow|China's Gansu launches support policies for signature beef noodles industry
houseoffunplaynow|China's Gansu launches support policies for signature beef noodles industry
LANZHOUhouseoffunplaynow, Aughouseoffunplaynow. 26 (Xinhua) -- Northwest China's Gansu Province has introduced its first support policy...
bestcarcrashgamesandroid|Chinese premier urges high-quality development of elderly care services
bestcarcrashgamesandroid|Chinese premier urges high-quality development of elderly care services
Chinese Premier Li Qiang presides over a study session held by the State Council in Beijingbestcarcrashgamesandroid, capital of Chinabe...
egtjackpot|Hezbollah vows to continue supporting Gaza from Lebanon
egtjackpot|Hezbollah vows to continue supporting Gaza from Lebanon
BEIRUT, Augegtjackpot. 25 (Xinhua) -- Hezbollah Secretary-General Sayyed Hassan Nasrallah said on Sunday that his group will continue s...
SafariSpinSafari|Feature: Woman entrepreneur finds niche by leveraging traditional cuisine in Namibia
SafariSpinSafari|Feature: Woman entrepreneur finds niche by leveraging traditional cuisine in Namibia
WINDHOEK, AugSafariSpinSafari. 25 (Xinhua) -- In an informal settlement about 10 km from the city center of Windhoek, the Namibian capi...
datinggame|Chinese premier calls for strengthening global cooperation to boost robot industry
datinggame|Chinese premier calls for strengthening global cooperation to boost robot industry
BEIJINGdatinggame, Augdatinggame. 25 (Xinhua) -- Chinese Premier Li Qiang has emphasized the need to foster an open environment for tec...
couchcade|Higher-than-usual temperatures expected for much of Japan through November
couchcade|Higher-than-usual temperatures expected for much of Japan through November
TOKYOcouchcade, Augcouchcade. 25 (Xinhua) -- Japan's weather agency has said that it will be hotter than usual across the country from...
pinballroulette|1 suspected rebel killed in clash in Philippines
pinballroulette|1 suspected rebel killed in clash in Philippines
MANILApinballroulette, Aug. 25 (Xinhua) -- A suspected rebel was killed in a clash with Philippine troops in Antique province in centra...
热榜