Foreign investment accelerates China’s asset exchange rate two-way fluctuations are still normal
Last week (December 6 to December 10), the Northern Fund could set a single week net buying record of 48.8 billion yuan. The net buying amount in the year has exceeded 400 billion yuan, compared with nearly 95% year-on-year.
According to industry insiders, the current renminbi appreciation is reduced. It is expected that the future RMB exchange rate is still two-way fluctuations, and overall is maintained in a reasonable equilibrium level.
With the high level of my country’s capital market, it has been promoted in an orderly, future foreign investment in China has a large growth space. RMB exchange rate rose step on "Brake" accompanied by the second increase in foreign exchange deposit reserves in the year before the year, the RMB against the US dollar exchange rate rose, "brake". On the 9th, the central bank announced that the foreign exchange deposit reserve ratio increased by 7% to 9%, the offshore exchange rate response was over 300 points, and the four governments were continuously fell.
On December 10, the RMB intermediate price reported 204 points. For the central bank, at this point, the chief researcher of China Minsheng Bank, Wen Bin, pointed out that this is equivalent to tightening the supply and liquidity 上海喝茶资源群 of the US dollar in the foreign exchange market, thereby reducing the appreciation of the renminbi, there is Helping the RMB exchange rate to maintain a reasonable balanced level. Throughout the year, the renminbi has increased by the US dollar.
In the first three quarters of 2021, the RMB exchange rate has a liter, two-way fluctuations, and the June degree appreciate, and then fluctuate around up and down. 上海金山水磨实体店 After entering the fourth quarter, the RMB exchange rate walked out of a wave of obvious appreciation, and two months of appreciation in October and November. After entering December, the renminbi exchange rate appreciation momentum is not reduced, rising from nearby strong to the nearby.
Zhao Qingming, Vice President, China Foreign Exchange Research Institute, said that the "Economic Report" reporter said that the recent renminbi exchange rate continued to strengthen, may attract some of the speculative capital intervention, up-regular foreign exchange rate, can reduce the bank’s foreign exchange loan capacity, play the bottom of the kettle "The role, reducing speculative power, stabilizing the exchange rate.
"Overseas investment institutions in the RMB in the RMB in November have increased significantly.
"A Hong Kong Forex trader analyzed that on the one hand, due to the recent US dollar index rushing, the RMB exchange rate valuation is boosted, and the relatively good epidemic prevention measures and economic growth fundamental in mainland China have relatively robust. To form a strong investment safety pad effect. China’s asset attractive continuous enhancement is accompanied by the short-term power of the RMB exchange rate. It is a large net buying record in the north to the north. The same flowers are displayed, and the funds last week still continued the previous 3 weeks. Buying a situation, single week net buying amount reached 48.8 billion yuan, and the historical high history since the opening of the landline is opened. On November 9th, the Northern fund is net to buy 100 million yuan, and the net inflow of the singular day is high. Second to history, the highest record of billion yuan. From the north to the stock market value, the white horse blue chip stock is the most popular type in the north of this week, Guizhou Maotai, Wuliangye, Yanghe Shares, Northern Fund, increase the funds. , 100 million yuan, China and eastern wealth, China Merchants Bank, CITIC Securities, China Ping An, etc. And the Shanghai-Shenzhen 300 index is strong, and the volume increases by% and% respectively.
In fact, since this year, no matter from the north to capital, it is still in terms of foreign investment of A shares, overseas agencies holds RMB bonds, and China’s asset attractive is continuously enhanced. At the 20021 China (Chongqing) strategic interconnection Demonstration Project Financial Summit, the vice chairman of the Securities Regulatory Commission introduced the general trend of foreign investment, and the total situation of the A-share market. From January to October, overseas investors have accumulated Flowing into $ 100 million. As of end October this year, foreign capital held A shares circulation market value trillion, accounting for the ratio.
According to the statistics of the same flow, as of December 12th, the Northern Funds in the north have reached 100 million yuan since this year, and the net buying amount of the north to the north of the Northern funds last year is only 100 million yuan, which has grown nearly 95% compared to last year.
The agency generally believes that foreign capital will continue to increase A shares in 2022.
"On the one hand, in 2022, the RMB exchange rate is expected to maintain strong, which is conducive to overseas investors to configure China’s high-quality assets; on the other hand, in recent years, my country’s capital market has been open to an open order, continuous improvement of overseas investors to participate in A-share investment. force.
The Global Strategy Analytor of Xingye Securities.
CITIC Securities also believes that due to the shortestination of overseas rights funds in the A shares, the net inflow of foreign capital will continue to increase this year.
It is judged that the RMB exchange rate is stable and there is no new index incorporates, the north is expected to buy 400 billion yuan in 2022.
On the other hand, foreign investment holds RMB bonds has also increased significantly.
According to the data released by the People’s Bank of China, the data released on December 6, as of the end of November, the overseas institutions hold trillion of banking bonds, accounting for% in the bank bond market. This also means that November of overseas agency investor Jiao warehouse is about 80 billion yuan, which has a new high in the monthly increase in the monthly increase since February this year. At the same time, international capital transactions are more active.
The latest bond market operation report on bond company has shown that the bond payment is active in November, with a daily transaction volume of 29.3 billion yuan, a monthly turnover of 644 billion yuan, an increase of 44% from the previous month. Deputy Director of the State Administration of Foreign Exchange, Wang Chunying, a spokesman, said that China’s bond market is large, and foreign capital is relatively low, and there is a large growth in the future.
The domestic bond yield is relatively high, the RMB value is stable, and the bond market has a good investment value. China implements normalized monetary policies, and bond yields will remain reasonably appropriate. (Reporter Luo Yiji Jiaying).