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Leader_China emerges from out of the US dollar’s shadow

  • Author:tracy
  • Source:http://www.tigloncn.com
  • Release on :2014-11-19

       This week, as the "Hong Kong and Shanghai Tong" (Shanghai-Hong Kong Stock Connect) to start, Deutsche Bank (Deutsche Bank) called "China Capital Times" towards reality has taken a big step. Although at least in the initial form, the intensity of the program for $ 4 trillion in foreign reserves held by China, not too big, but it still reveals China to meet their needs and to reshape the international financial structure of the overall plan. This gives the freedom of global hedge funds and retail investors, the largest to date to buy Chinese stocks, while domestic investors to provide a new channel of buying international assets. It is designed to address the biggest obstacle blocking the yuan is accepted as an international currency - too few investment opportunities yuan holders.
    Chinese officials have complained that 2-3 percent of their annual returns obtained from the US Treasury, is basically an annual appreciation of the RMB against the US dollar offset. However, because so many dollars earned in exports and direct investment in China in addition to the dollar back into the large-scale, highly liquid US Treasury market, basically have no choice. More strategic than the above considerations is the plan indicates a change in Shanghai and Hong Kong through the overseas Chinese way of allocating capital. At present, China's most important task is to reduce dependence on the US Treasury so far can not get rid of. By the end of 2013, China's holdings of US Treasury securities amounted to $ 1.27 trillion, which is about 21 times by the end of 2000.
     It is starting to get rid of Shanghai and Hong Kong through this situation. And China recently established two development finance institutions - Asia Infrastructure Investment Bank (Asia Infrastructure Investment Bank) and New Development Bank (New Development Bank) initiatives, like Hong Kong and Shanghai through the currency is not the US dollar, but the yuan. This means that China may be outside the long shadows of the dollar, its $ 5 trillion in savings sought more healthy returns. One day, across the Pacific will no longer be forced to buy a big buyer of US Treasury bonds, must be ready for Washington



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