久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Yuan debt hopes spur hiring of credit research analysts in China

Updated: 2017-03-13 08:00

Yuan debt hopes spur hiring of credit research analysts in China

China Construction Bank officials at the launch of the offshore renminbi bond at London Stock Exchange in October 2015. [Photo/China News Service]

Foreign AMCs set to exploit 'one of the most untapped opportunities'

BEIJING-Speculation that China's 56.3 trillion yuan ($8.2 trillion) bond market is about to go more global is spurring investment funds to hire in the country.

A central bank official said at the end of last year that China will create conditions for the inclusion of yuan debt in global indices. BlackRock Inc has said inclusion could be announced in 2017, and that the firm has hired for credit research in China. Invesco Ltd says such a development may come in the next 12 months, and also aims to expand in the country.

Adding Chinese notes to global indices including those from Bloomberg Barclays, JPMorgan Chase & Co and Citigroup Inc would bring cash into the nation from yield-hungry investors from New York to Tokyo. Managers of that wealth will need to navigate rising defaults and local ratings that many have questioned. Investment firms also want to sell more products to a growing legion of wealthy Chinese investors, after greater market access was allowed.

Nick Aylwin-Foster, who runs headhunting firm Sheffield Haworth's asset management practice for Asia, said: "We are seeing increased interest among global asset managers to develop an investment capability for the onshore Chinese bond market. Within fixed income, hiring is primarily into the credit research teams."

BlackRock has hired people in Shanghai who focus on credit research in the domestic bond market, according to Gregor Carle, head of Asia-Pacific fixed income product strategy.

Carle said: "We continue to build that coverage because we see this greater opportunity set coming out of China, and of course, the potential index inclusion that's further down the line."

Fidelity International is building its investment team in Shanghai, according to Jackson Lee, country head for China, speaking in January.

A spokeswoman for the money manager said there is no update to that plan.

Amid shifting regulations and hiring challenges, many funds are still deciding on such a move. They must weigh downsides that include "a gap between when you commit to a new market and when you actually start seeing returns," according to Aylwin-Foster at Sheffield Haworth.

Timing on index inclusion is also uncertain. Joining global debt indices isn't a priority at this stage, Fang Xinghai, vice chairman of the China Securities Regulatory Commission, said in January. The People's Bank of China and other departments will work to improve rules to give foreign investors easier access to the interbank bond market and create conditions for the inclusion of yuan debt in global indexes, Ma Jun, chief economist of the PBOC's research bureau, said in December.

Still, China presents a unique opportunity for fixed income fund managers. Foreign holdings account for only about 1.4 percent of the nation's interbank bond market, making it "one of the most untapped opportunities" in global asset management, according to Nicholas Britz, senior associate at Shanghai-based consulting firm Z-Ben Advisors.

Fidelity International said in January that its wholly foreign-owned enterprise in Shanghai became the first global asset manager to register with the Asset Management Association of China as a private fund management company. The qualification allows the firm to create onshore investment products for Chinese institutional and high-net-worth investors for the first time, it said in a statement.

Andrew Lo, chief executive officer at Invesco Asia-Pacific, said in an interview that the firm has plans for its own wholly foreign-owned enterprise and aims to register it with the AMAC to become a private fund management company.

Lo said: "The WFOE will provide on-the-ground support to our Hong Kong-based Greater China investment team that is offering local investment products to global investors."

Invesco already has a joint venture with Chinese partners including Great Wall Securities Co and Lo added that the firm is "very committed" to expand its presence in the country.

He said he sees "growing demand" from Chinese institutions to diversify fund managers and investment strategies.

BLOOMBERG

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    日韩激情视频一区二区| 91在线第一页| 最近中文字幕免费mv| 欧美 日韩 国产 高清| av亚洲天堂网| 精品中文字幕av| 免费成人进口网站| 成人免费xxxxx在线视频| 国产91porn| 亚洲欧美日本一区二区三区| 国产精品333| 中文字幕の友人北条麻妃| 午夜免费看视频| 日本三级免费观看| 精品成在人线av无码免费看| 黄色a级三级三级三级| 男人天堂成人在线| 黄色影院一级片| 日本免费a视频| 善良的小姨在线| 91极品视频在线观看| 各处沟厕大尺度偷拍女厕嘘嘘| a级片一区二区| 国产麻豆电影在线观看| www.久久91| 密臀av一区二区三区| 亚洲熟妇av一区二区三区| 欧美午夜小视频| 欧美日韩激情四射| 日本一级淫片演员| 亚洲欧美日韩网站| 久久久久久久高清| 欧美成人福利在线观看| 青青草精品视频在线观看| 日韩久久一级片| 日韩在线综合网| 黄色片网址在线观看| 日韩精品综合在线| h无码动漫在线观看| 日韩美女爱爱视频| 日韩小视频网站| 日韩精品在线中文字幕| 91免费黄视频| 天堂…中文在线最新版在线| 国产中文字幕二区| 欧美亚洲一二三区| 免费av网址在线| 天天影视综合色| 牛夜精品久久久久久久| 日本xxxx黄色| www.色就是色.com| 欧美h视频在线观看| 国产美女视频免费| av片在线免费| 老太脱裤子让老头玩xxxxx| 欧美 日韩 国产 高清| 黄色国产精品视频| 国产又猛又黄的视频| www.夜夜爽| 国产成年人在线观看| 毛片在线视频观看| 欧美 日韩 国产 高清| www日韩视频| www.夜夜爽| 无码人妻aⅴ一区二区三区日本| 超碰97在线看| 亚洲熟妇av日韩熟妇在线| 99精品视频播放| 九九热99视频| 国产精品免费看久久久无码| 人妻久久久一区二区三区| 成人亚洲视频在线观看| 亚洲精品乱码久久久久久动漫| 50度灰在线观看| 国产精品后入内射日本在线观看| av无码精品一区二区三区| 99视频在线观看视频| 亚洲熟妇无码av在线播放| 亚洲熟女乱色一区二区三区| 久久人人爽av| 99er在线视频| 精品久久久久久久无码| 天天干天天曰天天操| 国产主播自拍av| 国产九九热视频| 人妻激情另类乱人伦人妻| 乱子伦视频在线看| 一级全黄肉体裸体全过程| 国产3p露脸普通话对白| jizz18女人| 青草视频在线观看视频| 欧美一级黄色影院| 91精品国产吴梦梦| 热久久精品国产| 国产香蕉一区二区三区| 可以免费在线看黄的网站| 男人天堂成人网| 欧美精品成人网| 超薄肉色丝袜足j调教99| 亚洲精品中文字幕无码蜜桃| 欧美性受xxxx黑人猛交88| 精品久久久久久无码国产| 亚洲小视频在线播放| 国产情侣av自拍| av日韩在线看| www.com久久久| 日批视频在线免费看| 国产在线拍揄自揄拍无码| 99热手机在线| 青青草视频在线免费播放| 波多野结衣免费观看| 中文字幕无码不卡免费视频| 男女啪啪免费观看| 手机版av在线| aa免费在线观看| 精品成在人线av无码免费看| 午夜av中文字幕| 男女视频一区二区三区| 日韩精品在线中文字幕| 中文字幕剧情在线观看| 久久久精品三级| 久久久一本二本三本| 日韩不卡一二区| 性生活免费在线观看| 国产精品-区区久久久狼| 日韩极品视频在线观看| 艳母动漫在线免费观看| 中文字幕国产免费| av免费在线播放网站| 精品人妻少妇一区二区| 亚洲色婷婷久久精品av蜜桃| 国产高清999| wwwwwxxxx日本| 婷婷六月天在线| 日韩精品一区二区三区不卡 | 视色,视色影院,视色影库,视色网 日韩精品福利片午夜免费观看 | 300部国产真实乱| 手机av在线网| 另类小说色综合| 中文字幕无码不卡免费视频| 日日鲁鲁鲁夜夜爽爽狠狠视频97| 丁香婷婷综合激情| 8x8x华人在线| 97在线免费视频观看| 中文字幕精品在线播放| 97超碰人人爱| 欧美a级黄色大片| 男人的天堂成人| 国产一区一区三区| 丰满女人性猛交| 久久视频免费在线| 日韩精品一区二区三区电影| 欧洲xxxxx| 日本大胆人体视频| 免费看日b视频| 日韩美女爱爱视频| 免费毛片网站在线观看| 国产自产在线视频| 自拍日韩亚洲一区在线| 欧美在线观看成人| 欧美日韩在线免费播放| 女性隐私黄www网站视频| 日韩中文字幕二区| 亚洲无吗一区二区三区| www.cao超碰| 福利网在线观看| 黄色成人在线免费观看| 日韩a∨精品日韩在线观看| 18岁网站在线观看| 麻豆av免费在线| 向日葵污视频在线观看| 亚洲女人在线观看| 欧美美女黄色网| 免费在线观看亚洲视频| 精品久久久久久中文字幕2017| 中文字幕一区二区三区四区在线视频| 91人人澡人人爽人人精品| 日本在线播放一区二区| av不卡在线免费观看| 国内少妇毛片视频| 成年人免费在线播放| 欧美成人福利在线观看| 性生活免费观看视频| 国产不卡一区二区视频| 可以免费在线看黄的网站| 久久久久xxxx| 成年人深夜视频| 超碰网在线观看| www,av在线| www.av毛片| 亚洲一区二区蜜桃| 欧美xxxx吸乳| 美女福利视频在线| 欧美大片久久久| 久久综合久久网| 99热这里只有精品在线播放| 国产又粗又大又爽的视频| 久久久久久久久久久99| 爱爱爱爱免费视频| 日韩日韩日韩日韩日韩|