Homepage / Asia / China's central bank chief slams protectionism ahead of major MSCI decision
Deneme Bonusu Veren Siteler Deneme Bonusu 2024 Explore the Magic of WildCardCity Güvenilir Bahis Siteleri En İyi Kumar Siteleri Balıkesir Triatlonuna Avrupadan Ödül Tricks of the Aviator gambling establishment game by Spribe Çevrim Içi Kumar Siteleri “bonus” Yalanıyla Kandırıyor En Güvenilir Canlı On Line Casino Siteleri Xbetting-tips Com Uncovering the Abundant Tapestry of Ozwin Gambling establishment Evaluating Board Portal Providers Uncovering the Wealthy Tapestry of Ozwin On line casino Electronic Data Area Providers Evaluation Cobra Internet casino: Raising the Australian On the internet Video gaming Practical experience 4 Things to Search for in Safeguarded Cloud Safe-keeping Fastpay On line casino Australia – Simple and No-Taxation Wagering Web page officielle franзaise de Joka Gambling establishment The Software Development Universe Game Woo Internet casino – Enjoy Slot machine games around australia Ostdeutsche Biersorten What Are Virtual Data Rooms? Vitamin D Receptor Polymorphisms Revue du Casino BlackLabel Faktory, kterй ovlivnujн hodnocenн ceskэch online kasin How to Make the Most of Your Web Development Organization and Advertising Efforts L’essor des casinos en ligne en France Boost Meeting Efficiency With Boardroom Technology Developments WildJoker Casino WildCardCity On line casino – Guaranteed Australian Gambling Portal WildCardCity Casino – The Ideal On the internet Gambling establishment within australia Modern Technologies Produce Sharing Documents Online Faster and More Protect Free Virtual Info Room pertaining to Speedy Due Diligence A Review of Data Area Software For people who do buiness Five Board Bedroom Features Which will help You Acquire a More Productive Boardroom Electronic Systems To your Business Understanding Legal Terms and Laws in Today’s World The Laws and Contracts of Hollywood: A Sunset Blvd. Tale Legal Discussion Between Johnny Cash and Antonin Scalia Legal Insights: What Teens Should Know Legal Issues and Exceptions: What You Need to Know Legal Insights and Expert Analysis Celebrity Dialogue: Legal Matters in the 21st Century Famous Personalities Discuss Legal Issues The Boys in the Boat: Legal Advisors and The Quest for Legal Knowledge Understanding Legal Matters: Q&A on Criminal Law, Joint Ventures, and More Enticing Title The Departed: Understanding Basic Work Requirements and Legal Rights Youth Slang Blog Article Legal Insights: A Journey into the World of Law The Ins and Outs of Legal Matters: Everything You Need to Know Legal Insights and Trends: A Rap Guide Mysterious Legal Matters Unveiled Insights and Information: Understanding Various Laws and Regulations Famous People of the 21st Century The Circle of Legal Life The Intersection of Fashion Law, Legal Translation, and THC Oil: A Modern Legal Guide Legal Q&A: Understanding Joinder Federal Rules and More Understanding Legal Terms and Conditions: A Comprehensive Guide Understanding Legal Documentation in a Fun Way! Understanding Legal Aspects: From Islamic Law of Inheritance to Farm Law Protests Understanding Legal Rights: A Guide to Legal Regulations and Requirements Understanding Legal Guidelines and Agreements Famous 21st Century People in Conversation Mysterious Legal Matters Unveiled Legal Matters and Real Estate: A Conversation Between Cameron Boyce and Donald Trump Understanding Legal Expertise and Why It Matters Legal FAQs and Expert Services Understanding Legal Ramifications: Common Law Ontario Health Benefits and More The Ins and Outs of Legal Requirements: From FBI Academy Physical Requirements to Silver Lake Fishing Rules The Legal Underworld: Understanding the Significance of Laws and Rights Legal Conversations: A Dialogue Between Jon Jones and Chadwick Boseman Legal Beats: Bobcats, Real Estate, Babysitting, and More Legal Matters and Netflix VPN Diabolique: Legal Affairs and Deception Ben Shapiro and Eddie Van Halen Discuss Legal Matters Legal Aid and Other Legal Issues Q&A Famous 21st Century Personalities in Dialogue Youthful Blog Post Expert Legal Insights: Top 8 Law Firms in Australia, Quasi Contracts, and More! Youth Slang in Legal Matters Steps to make Your Mother board Room Even more Productive and Meaningful Choosing Data Rooms for Homework The Enigmatic World of Legal Affairs and Contracting The Mystery of Legal Matters Understanding Legal Mandates and Guidelines in the Business World Celebrity Dialogue: Legal Matters and Personal Names Legal Questions: Answered! Mysterious Legal Insights and Tips The Mysterious World of Legal Agreements Legal Lingo: Reviews, Agreements, and More Exploring Legal Education and Responsibilities: A Comprehensive Guide Unconventional Wisdom: A Dialog Between 21st Century Icons Mysterious Legal Matters Unraveled The Legal Maze: Navigating the Legal Landscape Dialogue between Jared Kushner and Vasyl Lomachenko Legal Matters: A Conversation Between Prince and Lionel Messi Get Clued In: The Legal Lowdown for Gen Z Famous People of the 21st Century Talk About Legal Matters The Enigmatic World of Legal Agreements and Terms Are You Breaking the Law? Unusual Legal Questions Answered Understanding Legal Services, Parental Responsibility Laws, and More Understanding Legal Agreements and Requirements

Asia

China's central bank chief slams protectionism ahead of major MSCI decision

In a show of commitment to a more open market, China’s central bank governor on Tuesday criticized protectionism in the country’s financial sector just hours ahead of MSCI’s decision on whether to include Chinese mainland shares to its benchmark emerging markets index.

“From the experience of many countries, including our own, protections will lead to laziness and weakness… protectionism will lead to weak competitiveness and will hurt the industry’s development, and (make for) unhealthy and unstable markets and institutions,” People’s Bank of China Governor Zhou Xiaochuan said at an annual forum in Shanghai, Reuters reported.

Such talk out of China is set to be well received by foreign firms hoping for a greater chance at that growing market.

“The central bank governor was certainly saying all the right things there. That’s what market participants want to hear, that China is opening up, that capital controls are easing and that it’s an easier place to do business,” said Sat Duhra, portfolio manager at Janus Henderson Investors.

Yet while Zhou’s comments may indicate the Chinese government’s commitment to financial sector liberalization, foreign companies still face a range of restrictions on investment and business in China.

Progress has been made since the last MSCI review, but there are still obstacles, Duhra told CNBC’s “Capital Connection.” Other analysts with whom CNBC spoke also cited the suspension of a number of shares, restrictions on capital flows and curbs on trading as limitations.

Coming ahead of the MSCI decision — the fourth time mainland China shares are being considered for the index — the timing of Zhou’s comment was also “convenient and perhaps poignant,” said Vishnu Varathan, senior economist at Mizuho Bank.

It may also be an acknowledgement of the issues that still loom over the Chinese financial sector.

“His broader point may be that investors ought to take the longer view insofar that MSCI inclusion is a matter of time and whether it happens today or not is simply a detail. Also, embedded in the statement is that fact that governance issues will be forced to the fore as financial markets (in China) internationalize. And this, over time, will strengthen the financial sector — ‘baptism of fire’ not excluded entirely, of course,” added Varathan.

Analysts are divided over whether it will be a lucky fourth try for China mainland stocks, but what is clear is that their inclusion would present opportunities and access for international investors who want to trade those stocks.

“The implications, particularly in (an) environment where global investors are still trying to find yields in emerging markets, are vast,” said Douglas Morton of Northern Trust Capital Markets. He added there was good value in Chinese banks and insurers — some of the “cheapest” in the world now.

The stock index giant plans to announce around 4:30 p.m. ET Tuesday whether mainland stocks will become part of the MSCI Emerging Markets Index.

Source: cnbc china
China's central bank chief slams protectionism ahead of major MSCI decision

Comments are closed.