The Asian giant will extend its investment channel to almost US $ 140,000 million and add financial entities outside the banks.
China analyzes duplicating an investment channel used by local investors to buy bonds abroad. The regulators already had preliminary conversations about an increase of up to 1 billion yuan (almost US $140,000 million), Bloomberg News reported.
From this expansion plan, Chinese non -banking financial institutions would have access to the commercial link for the first time, with an investment quota of up to 500,000 million yuan per year. So, Continental China institutions would have greater access to foreign bonds available in the Hong Kong Stock Exchangeincluding the so -called dollars.
The country’s largest investment funds would be among companies eligible for the new fee, although the Popular Bank of China (BPC) He did not respond immediately to a request for comments outside his work schedule of Reuters, as well as the monetary authority of Hong Kong and the Hong Kong bag.
At the moment, Beijing Intensifies their efforts to boost bidirectional flows within its financial market, with a view to strengthening the global yuan status.
yuan.jpg
PAN GongSheng, the governor of the BPC, is committed to expanding the international use of the Yuan Digital and advocated the development of a multipolar global monetary system, in a context of uncertainty generated by the tariff policies of the Trump administration in USA.
Xi Jinping seeks to stimulate the consumption of Chinese households
In an attempt to stimulate domestic consumption, the Chinese president Xi Jinping Prepare the launch of a series of long -term bonds to underpin the demand.
In that sense, the Chinese government booked 300,000 million yuan (about US $ 42,000 million) in special titles to finance the exchange of goods, including appliances and vehicles. The first section of 162,000 million yuan was already distributed between the months of January and April, with a greater amount of coupons planned for July.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
