Small friction the highest 430 billion U.S. dollars of RMB bonds or accession to emerging market ind 河北体育学院学报


CAPRICORN: up to $430 billion or RMB bonds into emerging markets index FX168 hearing on Friday (February 26th) well-known investment bank JP Morgan (JPMorgan) said that once the elimination of some key regulatory hurdles, up to $430 billion of RMB bonds may join JP Morgan is widely used in emerging market currency bond index, the Chinese has 10% in the index weight. On Wednesday, the Chinese Central Bank (PBOC) announced that it would further liberalize foreign institutional investors to invest in the interbank bond market. According to the registration of all kinds of financial institutions established outside People’s Republic of China, the financial institutions in accordance with the law of compliance issued by customer oriented investment products, and pension funds, charitable funds, donations of other long-term institutional investors recognized the people’s Bank of China fund, may invest in the interbank bond market. Further opening to foreign investors, China’s world’s third largest bond market is closer to the emerging market bond index standards. But JP Morgan said China about investors a minimum of three months after the holding period and the provisions on the monthly bond investment exit restrictions, is Chinese into stumbling block JP Morgan GBI-EM bond index, these bonds are denominated in emerging market currencies. JP Morgan said in the document, once the above restrictions canceled, China can be among the GBI-EM index, which has 10% of the weight, which is the largest weight of a single country is permitted. Morgan said, "the pursuit of global emerging market bond index (GBI-EM GlobalDiversified) diversification of (asset management) is estimated at 180 billion dollars, we estimate the total scale of RMB bonds close to $1 trillion and 500 billion, of which about $430 billion can be included in the index." Enter Sina Financial shares] discussion

小摩:最高4300亿美元人民币债券或加入新兴市场指数   FX168讯 周五(2月26日)知名投行摩根大通(JPMorgan )称,一旦一些关键的监管障碍消除,最高达4300亿美元的人民币债券可能加入摩根大通被广泛使用的新兴市场货币债券指数,令中国在该指数中拥有10%的权重。   周三中国央行(PBOC)宣布,进一步放开境外机构投资者投资银行间债券市场。在中华人民共和国境外依法注册成立的各类金融机构,上述金融机构依法合规面向客户发行的投资产品,以及养老基金、慈善基金、捐赠基金等中国人民银行认可的其他中长期机构投资者,均可投资银行间债券市场。   进一步向境外投资者敞开大门,使得中国这个世界第三大债券市场更加接近跻身新兴市场债券指数的标准。   但摩根大通表示,中国方面关于投资者最低三个月持有期的规定以及之后关于每月退出债券投资额的限制,是将中国纳入摩根大通GBI-EM公债指数的绊脚石,这些公债均以新兴市场货币计价。   摩根大通在文件中称,一旦上述限制取消,中国可跻身GBI-EM指数,在其中拥有10%的权重,这是单一国家被许可的最大权重。   摩根大通称,“追踪全球新兴市场多元化债券指数(GBI-EM GlobalDiversified)的(管理资产)估计在1800亿美元,我们估计人民币政府债券的总规模接近1.5万亿美元,其中约有4300亿美元可以纳入指数。” 进入【新浪财经股吧】讨论相关的主题文章: