FinancialViews

HU Xiaolian: the proportion of direct financing in the capital market increasessteadily
June 15,2021

  “The prospect of the development of the capital market provides a broad space for RMB investment and financing for overseas entities. In recent years, China has made great efforts to develop the capital market, with the proportion of direct financing showing a steady upward trend.” HU Xiaolian, chairpersonof the Export-Import Bank of China, made remarks at aplenary session of the 13th Lujiazui Forum.

  HU stated that as ofthe end of 2020, the proportion of direct financing accounted for 29% of the market. The rapid development of China’s capital market has been fully recognized internationally, with bonds and stocks being included in important international indices and foreign entities becoming more active in RMB investment and financing. At the same time, foreign entities hold 3.4 trillion yuanworth of RMB stocksand 3.3 trillion yuanworth of RMB bonds, up by 62% and 47% respectively yearonyear.

  “Financial opening-up is advancing to a deeper level, further facilitating the return of overseas RMB through investment and financing, and providing a smoother investment and financing channel for overseas market players.” HU added.