With the interest rate hike of the Fed, Chinese investors are moving more funds overseas, and investing in US dollar bonds and deposits with more prospects.This further increased the downward pressure of the Chinese stock market.
Bloomberg News reported on Wednesday (June 14) that more and more Chinese investors buy overseas assets, and local companies and global giants with overseas qualifications, such as Morgan Chase and BlackRock,In competition to fight for this market.
Bloomberg's data shows that as of Tuesday (June 13), the number of funds issued by China ’s qualified domestic institutional investors this year jumped to 26, setting a new semi -annual record.According to the data of the consulting company Py Standard, in the first four months of this year, China Bank launched 144 foreign currency wealth management products, mainly US dollars, an increase of 177%compared with the same period last year.
It is reported that with the further low -term borrowing cost of the Chinese government, and the Fed will continue to maintain a high interest rate market judgment, this overseas investment trend will be strengthened.However, the continuous flow of funds under this trend is undoubtedly a serious impact for the local stock market.
The People's Bank of China reduced the seven -day reverse repurchase operating interest rate on Tuesday to reduce 10 basis points to 1.9%, which means that the short -term policy interest rate has reduced 10 basis points.According to Bloomberg report, market speculation is that China will further lower long -term interest rates in the next.
Johnny Fang, a senior analyst at Z-Ben Advisors, said that many fund managers have noticed the strong demand for overseas securities investment in Chinese capital.Opportunity.Some fund management companies have issued a statement saying that due to the possible shortage of quotas, the subscription will be suspended.
According to the latest official data, as of May 31, the total amount of qualified domestic investors (QDII) approved by China was US $ 162.7 billion (about S $ 218.3 billion).QDII is a kind of overseas valet wealth management business. The approved qualified domestic investors can use their own funds or raised domestic institutions and personal funds to invest in overseas markets and products.
JPMORON Asset Management, the head of China in May this year, said that when Chinese investors invest through the QDII project, they often buy overseas Chinese companies, but theyThe investment portfolio has begun to become diversified, buying global stocks and bonds.
