同时,人民币仍保持稳定。在一些人看来,这表明在8月份的汇率设定机制改革之后,中国央行正在动用不断减少的外汇储备支撑人民币汇率。那次改革是向更加市场化的汇率设定机制迈出的一步,它间接地导致人民币兑美元汇率下跌了2%。
In addition, recent data from China hardly support the dire case for the mainland. TheSeptember trade surplus jumped to more than $60bn, near its highest level ever, according toJPMorgan, and third-quarter GDP growth beat expectations at 6.9 per cent. Capital outflows at$43bn were far less than pessimists anticipated. The fear that companies selling renminbi torepay dollar debt before the cost rose would trigger a vicious cycle for the currency receded.Meanwhile, although China’s equity market is not ready for prime time, by happy contrast, theChinese government bond market is growing up. The debt market can only benefit fromBeijing’s desire for the renminbi to join the select group of countries whose currencies are partof the International Monetary Fund’s special drawing rights. Making its bond market moreliquid, transparent and attractive necessarily follows on from that desire.
此外,中国近期发布的数据基本上不支持看跌人民币。摩根大通(JPMorgan)数据显示,9月份中国贸易顺差猛增至逾600亿美元,接近最高纪录。第三季度国内生产总值(GDP)增长率达到6.9%,强于预期。资本外流为430亿美元,规模比悲观者预期的小得多。人们曾担心,中国企业赶在偿债成本升高前卖出人民币偿还美元债务的行为,会将人民币推入恶性循环。这种担忧已经减弱了。另一方面,尽管中国股市还未做好迎来“黄金时段的准备,但幸运的是,中国政府债券市场正在发展壮大。中国政府渴望人民币被纳入国际货币基金组织(IMF)特别提款权(SDR)货币篮子,这种渴望只会给债券市场带来好处。出于这种渴望,中国接下来必然会提高其债券市场的流动性、透明度和吸引力。
【中国政府债券市场投资前景光明】相关文章:
★ 世界末日不在眼前
最新
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15