男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

More policies luring investors to bonds

By CHEN JIA | CHINA DAILY | Updated: 2021-12-04 07:22
Share
Share - WeChat
A clerk counts cash at a bank in Nantong, Jiangsu province. [Photo/Sipa]

China issued more preferential policies to attract foreign investors to the bond market, including cutting taxes and easing foreign exchange regulations, to support the further opening-up of the financial sector, the central bank said.

The People's Bank of China, the central bank, quoted a notice issued by the nation's tax authorities on Thursday, saying foreign institutions' income from interest payments to hold bonds in the domestic market is temporarily exempted from corporate income tax and value-added tax from Nov 7, 2021 to Dec 31, 2025.

This policy was first mentioned at an executive meeting of the State Council on Oct 27. A statement after the meeting indicated China would extend the preferential tax policy for foreign investors participating in the domestic bond market, as part of its efforts to promote opening-up and attract foreign investment.

It is also an extension of the preferential tax policy from Nov 7, 2018 to Nov 6, 2021, which will help attract more foreign capital and encourage foreign investors to participate in domestic economic development through the bond market, Guan Tao, global chief economist at BOC International, told news media.

To streamline regulations of fund management of bonds issued by foreign institutions in China, known as the "panda bonds", the PBOC and the nation's foreign exchange regulator, the State Administration of Foreign Exchange, jointly issued a draft of new policies on Thursday for public opinion by Jan 1, 2022.

The rules relate to capital account management, capital remittance and cross-border collection and payment. They offered an integrated way to manage local and foreign currencies. There will be no restrictions on the retention of funds raised by panda bonds, according to a document posted on the PBOC's website.

Funds raised by the bonds can be remitted abroad or retained in China for domestic investment. Those for domestic use shall comply with the regulations on foreign direct investment and foreign debt, the draft said.

Financial regulators will allow foreign institutions to carry out foreign exchange hedging transactions for panda bonds in China, a measure of managing exchange rate risk, the PBOC said. In the meantime, the number and type of foreign exchange derivative counterparties of foreign institutions will not be limited.

Analysts from the financial market department of China Construction Bank thought the new rules aim to standardize panda bonds fund management methods in two markets: the interbank market under the supervision of PBOC and the exchange market supervised by the China Securities Regulatory Commission.

The move is conducive to improving the regulatory framework and promoting development of the nation's panda bond market, they said in a note issued on Friday.

China's government bonds were included in the FTSE World Government Bond Index on Oct 29, marking the third major global bond index inclusion following the Bloomberg Global Aggregate Index and JPMorgan GBI-EM Global Diversified Index. After years of development, China is currently the world's second-largest bond market.

"The inclusion has prompted the trading momentum and boosted liquidity of Chinese bonds in the international bond markets," said Wang Sheng, a member of the management committee and head of investment banking at CICC.

Top
BACK TO THE TOP
English
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
CLOSE
 
主站蜘蛛池模板: 漾濞| 嵩明县| 瓮安县| 浙江省| 江都市| 鹤壁市| 福建省| 雅江县| 深水埗区| 虞城县| 略阳县| 祁东县| 金昌市| 衡水市| 北海市| 榆林市| 北碚区| 绵竹市| 罗平县| 武胜县| 文山县| 盐池县| 垣曲县| 卢湾区| 尤溪县| 潜山县| 南阳市| 确山县| 洪湖市| 许昌市| 新密市| 阿拉善左旗| 云林县| 乌恰县| 万山特区| 上犹县| 宁德市| 乌鲁木齐市| 大洼县| 晋州市| 吐鲁番市|