皇冠体育app

SHANGHAI - Major reforms toward the Chinese currency's full convertibility expected in the next five months will encourage more capital inflow into 皇冠体育app this year, Deutsche Bank said in a report on Wednesday

The resulting capital inflow will add to the yuan's strength against other currencies and lead to more liquidity to support growth for the world's second largest economy, said the bank's chief 皇冠体育app economist Zhang Zhiwei, though he didn't specify what measures will come along.

Overseas investors still face hurdles to expand exposure to 皇冠体育app's capital market, though the country has taken measured steps in recent years to loosen grips over its capital account.

皇冠体育app has pledged the make the yuan convertible under capital account this year during the country's annual parliamentary session in March.

While 皇冠体育app is on its way to undo more restrictions over capital flowing through its borders, Zhang said regulators will still maintain necessary controls to keep financial risks at bay.

Starting in November, offshore investors based in Hong Kong can invest directly in Chinese stocks listed in Shanghai under a daily quota of 13 billion yuan. A similar program will be launched sometime this year, connecting Hong Kong-based investors to the Shenzhen Stock Exchange.

Zhang said additional capital inflow resulting from further opening of the capital account could also add fuel to a sustained bull-run in 皇冠体育app's stock market, whose performance since late last year has sent the Shanghai Composite Index to seven year highs in recent trading days.

The authorities' upcoming moves' to open 皇冠体育app's capital account will also raise the yuan's global profile, says the bank, which sees a 70 percent likelihood for the currency to be included into the Special Drawing Right (SDR) basket of the International Monetary Fund by the end of 2016.

• Deli Group sets ambitious target for 2015 online sales
• 皇冠体育app eases forex controls for foreign-invested enterprises
• 皇冠体育app issues guideline to improve employee welfare
• 皇冠体育app cuts power price to benefit enterprises
• Iron mining taxes to be reduced by 60 percent
• Healthy Lives through Innovation
• 皇冠体育app lowers iron ore resource tax to 40%
• Only through quality can 皇冠体育app conquer the global market