??????????????2

??????????????2???????

????????????????????????????????????????????????????????

???ε??????????????????????????й???????塣

???????????????????????????????????????????й???????й???????????????????????????δ???????????

???????й??????????о???????????????????????????1995??5????档

????????????????????????????????????????????????????Υ?????????????????????????????

????????ι????????????????????????

Illustration:/GTOpeninguptheCentralAsianmarketfortheyuanwouldnotonlybenefitChina,butalsoCentralAsiancountries,,oneoftive,liquidityintheglobalmarketwillshrink,,,leadingtoalargeamountofglobalcapitalflowsbacktotheWest,estmentsasmarginalinvestments,whichcanberegardedasasu,emergingmarketportfolioi,,therapidgrowthofemergingmarketportfolioinvest,theUSFederalReserveraisedinterestrates,,thereis"three-prongedpressure"intheUS,frominterestraterises,ashrinkingbalancesheet,,becausethiswillleadtodepreciationfornumerouscurrenciesinemergingmarkets,localresidentsandenterpriseswillbelesswillingtoholddomesti"currencysubstitution",thebestoptionistopromotelocalcurrencyinintern,theyuanhasbecomeanimportantchoice,,theyuancanoffernewoptionsforassetpreservationforcountriesworryingabouttheslumpintheirdomesticcurrencies,,whoseeconomyandpercapitaGDPrankthehighestinCentralAsia,thedepreciationofthelocalcurrency,theTenge,,theTenge'sexchangerateagainsttheUSdollarwasabout30,,($558million)ofitsforeignreservesinyuan-denominatedassets,greateruseo,Chinaannouncedthat100billionyuan($),theChinaDevelopmentBankandExport-ImportBankofChinawillsetupspeciallendingschemesworththeequivalentof250billionyuanand130billionyuan,respectively,,intradebetweenChina,KazakhstanandotherCentralAsiancountries,,ionoftheyuaninthesecountriesaremostlysubsidiarybankswithlimitedcapital,,,@

??????????????У???????????????????д?ú???????????????鷨?????????????????д?ú???????????鷨????????????????????????е?????????

??????????????2??Ф????

ì????????????????????????

Photo:XinhuaThefourthattempttohaveChinesemainlandstocksaddedtotheMSCIEmergingMarketsIndexhassucceeded,withtheNewYork-basedindexcompilergivingthethumbsuptotheadditionofyuan-denominatedsharesearlyWednesdaymorningBeijingtime."ThisdecisionhasbroadsupportfrominternationalinstitutionalinvestorswithwhomMSCIconsulted,primarilyasaresultofthepositiveimpactontheaccessibilityoftheChinaAmarketofboththeStockConnectprogramandthelooseningbythelocalChinesestockexchangesofpre-approvalrequirementsthatcanrestrictthecreationofindex-linkedinvestmentvehiclesglobally,"theindexproviders"InternationalinvestorshaveembracedthepositivechangesintheaccessibilityoftheChinaAsharesmarketoverthelastfewyearsandnowallconditionsaresetforMSCItoproceedwiththefirststepoftheinclusion."saidRemyBriand,MSCIManagincludedintheMSCIindexto222from169suggestedinthisyear'"MSCIincludeChinaALargeCapsharesofcompaniesthatalreadyhaveHshareequivalentsintheMSCIChinaIndex,"hencethechange."TheexpansionofStockConnecthasbeenagamechangerforthemarketopeningofChinaAshares."saidBriand."Whenfurtheralignmentwithinternationalmarketaccessibilitystandardsoccurs,sustainedaccessibilityisprovenwithinStockConnectandinternationalinstitutionalinvestorsgainfurtherexperienceinthemarket,MSCIwillreflectaaoverthepastyearswillcontinuetoaccelerate.""We'repleasedtoseetheinclusionofAsharesintotheMSCIindexandwelcomeit,"ZhangXiaojun,aspokesmanfortheChinaSecuritiesRegulatoryCommission,mplete,thespokesmannoted,addingthattheinclusionisacommercialdecisionbyMSCI,whichwon'tchangethepathofreformsinChina'sstockmarketanditsoverallfinancialsectortowardbeingmoremarket-oriented,,'needforAsharesandgivetheblue-chipstocksabitofalift,LiDaxiao,chiefeconomistatShenzhen-basedYingdaSecurities,,theinclusionofA-sharesintheMSCIindexwillalsohelpdriveuptheHongKong-listedshares,,it'snotverylikelyetsverymuch,becauseA-sharemarketsarestillveryclosedtodirectoverseasinvestment,DongDengxin,directoroftheFinanceandSecuritiesInstituteatWuhanUniversityofScienceandTechnology,toldtheGlobalTimes."IfAsharesareincludedintheMSCIindex,overseasinvestorswhowanttobuyAsharescanonlydosoviatheQFIIprogramorthestockconnectprogramswithHongKong,,theamountofoverseascapitalthatwillflowintomainlandmarketswillbeverylimitedcomparedwiththesizeofthemarkets."Still,itisbelievedthatthemoveisapreludetoalongerlistinyearstocome,anditwillactasaspurfordeeperreforminChina'xpandfromthecurrent222toabout300,kmarkets,makingtheinvestmentclimate"moremature"d,theirlevelsofinternationaliz,IPOsarestillsubjecttogovernmentapproval,domesticinvestorsdonothavestronglegalprotections,andoverseascompaniescan'tlistinthemainland."InclusionintheMSCIindexwillhelpstimulatereformsinthosesectors,butit''shopeforthebest,",annualattemptstoachieveMSCIinclusionfailed,withtheindexprovidvestorsandbringmoreordertothemarketlaidthefoundationsfortheinclusion,ears,suchasstandardizingthesuspensionmechanismandbroadeningstocktradingmechanismssuchastheShanghai-HongKongStockConnectandShenzhen-HongKongStockConnect.

?????????????????(?)????(??????)??????????????????

????????????????д?????????????ü????????????????????????????????????

????????????

AmericanstudentOttoFrederickWarmbier(C)arrivesforhistrialinPyongyang,capitaloftheDemocraticPeople'sRepublicofKorea(DPRK),March16,RKcrimes,theDPRKSupremeCourtannouncedWednesday.(Xinhua/GuoYina)ThedeathofUSstudentOttoWarmbierafewdaysafterhismedicalevacuationfrommayescalatetensionsbetweenPyongyangandWashington,andthiscouldleadtoincreasedUSpressureonChinatoimposemoresanctionsontheregime,,22,astudentattheUniversityofVirginia,dasignfromahotelwall,"onhumanitariangrounds,"claiminghehadcontractedbotulism,arareillnessthatcausesparalysis,"awfultorturousmistreatment,",sayingthathaddeepenedhisadministration'sresolve"topreventsuchtragediesfrombefallinginnocentpeopleatthehandsofregimesthatdonotrespecttheruleoflaworbasichumandecency."PyongyangisstillholdingthreeUScitizens,allofKoreandescent."TheincidentmaypushTrumptoendtheUSp,includingarmedattacksafterthisincident,"ZhengJiyong,directoroftheCenterforKoreanStudiesatFudanUniversity,,associatedeanoftheDepartmentofInternationalStudiesattheRenminUniversityofChina,saidthattheincidentcomesataverybadtimeforanykindofpositiveinteractionbetweentheUSandNorthKorea,showofforceagainstNorthKorea,anctionsagainstNorthKorea,includingontrade,'stra,atravelagencybasedinXi'an,NorthwestChina'sShaanxiProvincewhichtookWarmbierintoNorthKorea,saidinastatementonTuesdaythatitwillnolongerbeorganizingtoursforUScitizenstoNorthKoreaas"theassessmentofriskforAmericansvisitingNorthKoreahasbecometoohigh."TheagencyisoperatedlargelybyexpatsanddescribesNorthKoreaas"probablyoneofthesafestplacesonEarthtovisit."Beijing-basedtravelagencyKoryoTours,whichalsoprovidestripstoNorthKorea,saidonitswebsiteonTuesdaythat"wehopethateveryoneinsideandoutsideofNorthKoreacomestoknowthefullandtruestoryofwhathappenedtoOtto."GlobalsanctionsTheincidentmayalsoleadothercountriestostandbytheUSandbringmoreglobalsanctions,Zhengsaid,notingthat"duringthesummitbetweenSouthKoreanPresidentandPresidentTrumpinlateJune,it'spossiblethatSouthKoreawillfollowtheUSandimposesanctions."However,L??Chao,anexpertonKoreanStudiesattheLiaoningAcademyofSocialSciences,calledforrestraintfromallparties,urgingtheUStolodgeitsappealinlegalwaysandNorthKoreatoshouldertheresponsibilityforWarmbier'sdeathandadopta"correctattitude"torevealingthetruthtothestudent''''styrannyandclaimedthattheywillnotgotosucha"horriblecountry."

B???????????????????????????????????????????????????B????????????????????????????????????Ц?????????????????????B??????????????????UP????UP???????????????????B????????????????

?????????????????????????????????????????????????????

???磬?????9???й?ó??????3964??????????У?9????????????????????????????????%?????????????????????????ó??????????????????????????????й???????????????????????

??????????????2?????????

????????????????????????????????????????????????????????????????????????????顣

????????????λ????????????????????????л????????????????

?μ??д???????洫???????????????

???????????????????????????????????????????????

????????????ζ???????????????????????????????????????????????????????????????о???

XML 地图 | Sitemap 地图