BEIJING, Dec. 23 (Xinhua) -- Foreign investment institutions' enthusiasm for RMB-denominated assets, especially RMB bonds, continues to soar, thanks to low risk and high yields, the Shanghai Securities News reported on Thursday.
In terms of the stock market, Morgan Stanley clearly expressed its optimism about China's A-shares as the accelerated implementation of personal pension plans and the introduction of more offshore hedging tools will attract more domestic and foreign investors to invest in the stock market.
"For long-term investors, the year of 2022 is a good time to start investing in the Chinese stock market," said Victoria Mio, director of Asian Equities at Fidelity International, adding that investors should pay attention to industries closely related to China's economic development in the next stage, such as high-end manufacturing, renewable energy, electric vehicles, software, mass consumption, and new generation health care.
With regard to the bond market, Liu Linan, head of Greater China Macro Strategy with Deutsche Bank, Germany's largest bank, said that China's ten-year treasury bonds are attractive to international investors as the bonds are still an good option for their diversified investment.
She predicted that China's bond market is expected to see inflows of about 450 billion yuan in 2022, mainly from global institutions of foreign exchange reserves and active asset-management companies.
By the end of June this year, the total amount of renminbi assets held by overseas entities, including stocks, bonds, loans and deposits, exceeded 10 trillion yuan, up 42.8 percent year on year, according to the People's Bank of China (PBOC), China's central bank. (Edited by Zhang Jian, Hu Pingchao with Xinhua Silk Road, hupingchao@xinhua.org)
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