Grow links for private investment overseas
By Maggie Zhang |
June 11, 2010, Friday
|
Print Edition
Print Edition
CHINA should expand investment options overseas for private investors as one way to trim its ample liquidity, said a central bank monetary policy adviser.
Li Daokui, an academic adviser to the monetary policy committee of the People's Bank of China, said the country should embark on a stable and cautious monetary policy in the long run and allowing individuals to invest overseas can help create an option to trim the liquidity.
China's economy is expected to grow about 8 percent over the next five to 10 years, Li, a Tsinghua University professor and economist, said yesterday at the SunGard forum in Shanghai.
But the limited options open to individual investors in China is an issue that needs to be addressed, Li said.
Chinese individuals are limited when investing overseas - one option is the qualified domestic institutional investors scheme under which they put their money with fund management companies or banks.
The yuan's rise also calls for investment options to be widened for Chinese, Li said, because it is expected to trigger capital inflows into China and an outflow is needed.
Li Daokui, an academic adviser to the monetary policy committee of the People's Bank of China, said the country should embark on a stable and cautious monetary policy in the long run and allowing individuals to invest overseas can help create an option to trim the liquidity.
China's economy is expected to grow about 8 percent over the next five to 10 years, Li, a Tsinghua University professor and economist, said yesterday at the SunGard forum in Shanghai.
But the limited options open to individual investors in China is an issue that needs to be addressed, Li said.
Chinese individuals are limited when investing overseas - one option is the qualified domestic institutional investors scheme under which they put their money with fund management companies or banks.
The yuan's rise also calls for investment options to be widened for Chinese, Li said, because it is expected to trigger capital inflows into China and an outflow is needed.
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