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Chinese stocks and bonds have risen to more than $ 800bn as traders have bought stocks in the country steadily despite relations between Beijing and other countries.
The globalization of Chinese markets and exporters has come amid growing tensions between Beijing and Washington over corporate research Beijing’s oppression of the Uyghurs in Xinjiang, where the US is headquartered fraudulent execution.
It has also been linked to the collapse of Beijing on Chinese list in major US markets, as well as systematic security research on the Didi Chuxing riders’ team announced just days after the $ 4.4bn list in New York.
Offshore traders have bought $ 35.3bn of Chinese stocks this year so far through trading platforms connecting Hong Kong and exchanges in Shanghai and Shenzhen, according to a Financial Times account based on Bloomberg data. That was about 49 percent compared to the previous year.
Foreign investors have also bought more than $ 75bn in Chinese Treasury this year so far, according to Crédit Agricole figures, which represents a 50% rise last year.
Foreign exchange and stocks in China have increased more than at any other time in recent years. China’s economic interest has been boosted by the country’s sudden rise from the Covid-19 epidemic but concerns appear that Economic growth is slowing.
“Contrary to popular opinion, depending on how you look at the economy, you can’t avoid looking at the Chinese market,” said Andy Maynard, a retailer at China Renaissance Bank.
Travel to Chinese markets has increased dramatically in recent years, largely because of including renminbi metal in global companies and stocks that are available with a wide range of assets.
In March, FTSE Russell became the latest indices author to confirm the plans see also debt to the Chinese government in its international agreement, the plan Nomura predicted would cost more than $ 130bn to China.
Bond’s entry this year has brought in foreign currency of about Rmb3.7tn ($ 578bn), according to FT’s calculations based on figures from Crédit Agricole and the Bond Connect program in Hong Kong, a way to get foreign investors to sell loans granted on land.
Foreign traders have more than Rmb1.4tn of maritime currency from Wednesday through Links to the market in Hong Kong, with the exception of other external applications.
Global change this year is off the rise tech sections has also benefited Chinese markets. The researchers said Chinese-based organizations living in other countries offer access to resources other than technology, such as industry groups.
Thomas Gatley, an expert on Gavekal Dragonomics, said: “As technology ceases to be popular, people are looking for other areas, and many of those areas are well represented at sea.”
The researchers said mainland stocks had also gained the favor of investors around the world as Chinese stocks cited in the US face domestic demands. breaking the rules.
Shared in Didi, a Chinese community in New York, he fell last week Beijing launched an open cyber survey on the company.
In the mortgage market, Mansoor Mohi-uddin, a senior economist at the Bank of Singapore, also said that China’s government bond yields better results than its US counterparts.
“There is a significant difference between the Chinese yield and the American economy,” he said, pointing to a 1.5% difference between the two.
The entry into China’s retail market was also followed by a meeting at the renminbi, which hit the auction. three-year-old against the dollar in May.
“We hope that the interest rate gap will continue to contribute [renminbi], “Said Mohi-uddin, helping to boost Chinese currency and bonds in the second half of the year.
China’s central bank’s decision on Friday to reduce the number of lenders it wants to raise has boosted international purchases this week.
The move, which reduced the amount of money that banks have to deposit, is expected to release almost Rmb1tn in total and signal the end of the month. Financial plan in China.
But the RRR cut also said in the markets that Beijing could be concerned that growth was slow, and it came even signs of economic growth.
Patrick Wu, head of the emerging Asian markets for Crédit Agricole, said the cut had come as a surprise to many international business owners, who have recently reduced their purchases on renminbi loans.
“The population was small and obese in China,” Wu said, adding that renminbi’s foreign trade exports through Hong Kong had grown significantly by reducing RRR.
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