When the United States is about to hold the presidential election next week, China announced on Friday (November 1) to expand the opening of the new policy, reduce the threshold of foreign investors' strategic investment in listed companies, and add visa exemption to nine countries such as South Korea.policy.The former aims to promote foreign capital, the latter is intended to promote consumption.
Some analysts have pointed out that in order to deal with the US Republican candidate Trump once they won, Beijing may impact market sentiment and announce the promotion of foreign investment in advance.
Scholars who were interviewed by Lianhe Morning Post believed that China ’s launching measures to attract foreign capital at this time have nothing to do with the US presidential election. China has more considered the needs of its economic development.Expand opening up.
China Ministry of Commerce and the Ministry of Finance, six departments, announced on Friday that the revised foreign investors have made strategic investment management measures for listed companies, reduce investment thresholds from five aspects, broaden foreign investment securities market channels, encourage foreign investment to carry out long -term investment, value value, and value value.invest.
First of all, foreigners are allowed to implement strategic investment, which is no longer limited to foreign legal persons or other organizations.Strategic investment refers to a specific foreign investor, which directly obtains and holds a listed company shares in the medium and long term.
Secondly, reduce asset requirements for foreign investors.If foreign investors do not become the controlling shareholder of listed companies, the total assets or management assets are not less than 100 million US dollars (about 133 million yuan) and no less than 500 million US dollars, which can be reduced to no less than 50 millionThe dollar and not less than 300 million US dollars.
The current measures stipulate that foreign investors can only invest in strategic investment through directional issuance and agreement transfer.After the revised method, the method of newly allows the acquisition of the offer is allowed.The lock -up period of foreign investors has been adjusted from three years to not less than 12 months.
Bloomberg quoted Neo Wang, managing director of Evercore ISI, headquartered in New York, said that Beijing's launch of foreign -promoting measures was to reduce the impact of Trump once he won the market emotions.The reason why the relevant measures were announced before the election results were to avoid impression that Beijing was worried about Trump's election or was worried about the possible results of the US elections.
He also said that foreign direct investment in China is not good. No matter who is elected as the President of the United States, China should have taken measures to attract foreign capital.
The presidential election will be held on November 5th, and voters will make a choice between Trump and Democratic candidate Harris.Trump has said that if he was elected, he might impose more than 60%of tariffs on Chinese goods.
Chen Bo, a senior researcher at the East Asia Research Institute of Singapore, analyzed it to Lianhe Zaobao that China's latest measures are to reduce the threshold for foreign capital to enter China, so that foreign capital enters China to enter China more abundant and wider choices.Relationships.
He judged that the two -party candidate's policies for the United States may have some differences, but no matter who was elected, he would not take economic measures to be friendly to China.
Fu Fangjian, an associate professor of Li Guangqian Business School of Singapore Management University, also agreed that the new President of the United States will only take office next January. China still has more than two months of time to operate, without having to rush to announce response measures.
On the other hand, the Chinese Ministry of Foreign Affairs announced on Friday that it expanded the scope of visa -free countries and tried visa exemption to Nine countries including Slovak, Norway, Finland, Denmark, Iceland, Anton, Monaco, Liechtenstein, and South Korea.
The Ministry of Commerce announced that the five cities of Shanghai, Beijing, Guangjin and Chongfeng will hold a consumer month in November; during the event, Beijing, Tianjin, Shanghai, and Chongqing will issue catering, cultural tourism, sports and other service coupons.
Fu Fangjian analyzed that the Chinese government's implementation of the above two measures was to increase stimulus consumption in the last quarter and help achieve the goal of about 5%of the year."The central government must not want to be worse than 4.6%in the third quarter, then everyone is even more confident."
The Standing Committee of the National People's Congress of China will hold a five -day meeting next week.The market generally estimates that the Standing Committee of the National People's Congress will review specific arrangements such as TOEIC's fiscal incremental policy.
Reuters previously reported that China considers the approval of the addition of more than 10 trillion yuan (about 1.86 trillion yuan) bonds in the next few years.If Trump won, Beijing is expected to launch stronger fiscal stimulus supporting facilities.
Fu Fangjian evaluated, how can China's debt issuance and how to use money will be adjusted accordingly according to the candidates of the new presidential US president. Trump is estimated that high tariffs will be imposed on Chinese products, and Harris may be targeted at ChinaIt is believed that the response policy will be different.
