Yuan-Anlagen: China will Finanzmärkte stärker für ausländische Investoren öffnen
Der schwache Yuan und der Export der chinesischen Wirtschaft sorgen international immer wieder für Kritik. Nun will das Land die Regeln lockern, um die Landeswährung attraktiver zu machen.
China is further opening its financial markets to foreign investors, according to a statement from the governor of the country's central bank, Pan Gongsheng. Yuan-denominated assets could address the growing demand from global investors for diversification, Pan said in a Friday release. The stable economic growth and rapid development of high-tech sectors in the People's Republic provide a solid foundation for Yuan assets.
The central bank will also expand risk management tools to promote global acceptance of Yuan bonds as collateral and strengthen cross-border financial infrastructure, Pan announced. Moreover, the development of offshore Yuan markets is to be supported, meaning financial hubs outside mainland China where Yuan can be traded without adhering to Beijing's strict capital controls.
China is thus intensifying its efforts to open up capital markets and advance the internationalization of the Yuan, occurring at a time when US President Donald Trump's trade war and unpredictable foreign policy are affecting confidence in dollar investments. The global financial markets have also become more turbulent, as investors are increasingly concerned about the profitability of high investment in artificial intelligence, amid rising interest rates. More: The Yuan is meant to rise - but not at the behest of the West.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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