London, June 15, 2017 – Bloomberg hosted its International China investor roadshow themed “China: Navigate the New Silk Road” in London today. About 200 top Chinese and UK government officials, market participants and financial institutions attended the event to discuss China’s economic outlook and the investment opportunities and challenges in China’s bond and equity markets.
London has become a dominant offshore hub for trading the RMB. As of March 2017, SWIFT’s data shows that, over 36% of RMB transactions were conducted with the UK this year. Last year, China chose London for its first-ever sovereign RMB bond issued outside of China.
“The Belt and Road Initiative is helping to shape open, global cooperation. In building the Belt and Road, the UK and China have every reason to join hands. The UK’s strength, including experience, knowledge and creativity will find a good match with China’s strength such as unique growth model, technology and marketing capability,” said H.E. Liu Xiaoming, Chinese Ambassador to the United Kingdom of the Great Britain and Northern Ireland. “This would definitely help London further consolidate its standing as a global financial centre. At present, London is the largest RMB offshore market outside China. These are opportunities for us to achieve win-win by increasing market connectivity.”
“The Belt and Road initiative and the opening up of China financial market present enormous opportunities to global investors,” said Constantin Cotzias, Bloomberg’s Global Head of Government Affairs. “Bloomberg is in a unique position to help investors find opportunities and connect the markets – and we’ll keep looking for ways to do that.”
In panel discussions, speakers from Aberdeen Asset Management, Bank of China, China AMC, China Europe International Exchange, China International Capital Corporation (CICC), Hefeng Family Office, HSBC, ICBC Standard and Bloomberg discussed the opportunities and challenges in China’s bond and equity markets.
In a survey conducted at the event, 43 per cent of respondents indicated that they are actively exploring investment opportunities in China’s bond market and 41 per cent said they have already entered the market. Market participants are optimistic about the outlook of foreign investment in China’s bond market with 41 per cent believing that although growth is slow this year, it will be exponential in the next five years. In comparison, 80 per cent of respondents are already investing in China’s equity market. However, majority of respondents (52 per cent) thought it is unlikely that China A shares will be included into the MSCI Emerging Markets Index this year.
Bloomberg’s market specialist Rachel Li introduced the recently launched Bloomberg RMB Bond Suite to investors in London. The RMB Bond Suite is the industry’s most advanced set of fixed incomes tools for onshore and offshore investors tracking China’s bond market.
This is the sixth year that Bloomberg is bringing its signature International China investor roadshow to London. The roadshow will covers over 10 cities worldwide in 2017, providing platforms for global investors to better understand and appreciate the opportunities of investing in China.
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