Multiple positive factors support smooth cross-border capital flows in China
In today's China, although the external environment is still severe and uncertain, overall, cross-border capital flows will be more rational and orderly in 2023. Among them, there are multiple positive factors supporting China's cross-border capital flows to be more stable.
The sustained improvement of economic fundamentals is a strong support for attracting foreign investment inflows. At present, the Chinese economy has entered a comprehensive recovery period, and its supporting role in supporting the basic stability of China's cross-border capital flows has increased. In the context of the global economic downturn in 2023, China may become the main economy to maintain a rebound in economic growth. At the same time, China will continue to solidly and orderly promote high-level opening-up to the outside world, create a favorable policy environment for the smooth flow of cross-border funds, continuously improve the facilitation level of cross-border trade and investment and financing, and make greater efforts to attract and utilize foreign investment.
The "gold content" and "vitality" of the domestic capital market will continue to increase, further attracting foreign investors to increase their holdings of RMB financial assets. Firstly, in recent years, high-level institutional measures to open up China's capital market to the outside world have gradually been implemented, and with the support of a series of favorable policies such as the implementation of a comprehensive registration system, The vitality of the domestic capital market will be further unleashed. Effectively promote the high-quality development of the market, promoting the continuous improvement of the "gold content" of the Chinese capital market, and enhancing the international attractiveness of the Chinese capital market. As of April 6, 2022, the market value of domestic stocks held by foreign investors in China is 2.52 trillion yuan , an increase of 114.4 billion yuan or 4.8% compared to the end of 2022. Secondly, stable exchange rates are also conducive to enhancing the attractiveness of RMB financial assets to foreign investment. In 2023, the RMB will show a stable and rising trend, helping foreign investors continue to steadily invest in the Chinese securities market.
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