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Reserve currency status to open renminbi gates[1]- [Copy link] 中文

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Post time 2015-12-1 12:16:58 |Display all floors
There is a high chance of RMB inclusion in the IMF Special Drawing Right(SDR) basket, J.P. Morgan economist Zhu Haibin said. [Photo/IC]

Following the earlier announcement in November that the renminbi (RMB) meets the International Monetary Fund's (IMF's) criteria as a "freely usable" currency, the IMF Executive Board is expected to have decided on Nov 30 to include the RMB in its Special Dra ...

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Post time 2015-12-1 12:16:59 |Display all floors
The problem is that there're not enough financial vehicles available for investments. In the case, other than bonds, I would encourage the expansion, development and promotion of the preferred share market especially for the SOEs. They are more flexible than bonds and with appropriate inclusion of innovative put options (as suggested in my SPS model), they can be on a par with bonds in terms of risk profiles. On the flip side, they don't carry any ownership issues compared to common equities. They can be a comfortable medium for long term investments.

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