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Despite fluctuations amid the #pandemic, #China’s #financialmarket remains relatively stable & resilient compared with global financial market. Xiao Gang, CF40 Senior Fellow, believes China’s financial market has potential to become a center for global financial #assetallocation.
He says the market is basically equipped. This'll be vital for China’s economy and finance. Since the virus broke out, the safety, stability and profitability of #RMB assets are more evident. China should take the chance to build a global hub for financial #asset allocation.
However, coming with the huge benefits are huge risks and costs. The following proposals are made:
1. accelerate the market-oriented reform in the financial sector;
2. promote #RMB internationalization;
1. accelerate the market-oriented reform in the financial sector;
2. promote #RMB internationalization;
Based on the progress of #RMB internationalization, #interestrates liberalization and the current #investment structure, it will take over 20 years for #China to enjoy a mature #StockMarket, said Li Xunlei, Chief Economist at Zhongtai Securities.
mp.weixin.qq.com/s?__biz=MjM5Nj…
mp.weixin.qq.com/s?__biz=MjM5Nj…
He stresses that only when its #financialmarket matures and its #economy approaches that of developed countries, can #China’s stock market mature, too.
