China’s capital market has broad long-term investment prospects, and more global investors have increased their investment.

　　CCTV News:Compared with the policies of the Federal Reserve from last year to this year, the People’s Bank of China has always maintained a firm policy, a prudent monetary policy is flexible, moderate, accurate and effective, and has continuously increased its support for the real economy. China’s economy continues to stabilize and improve, which also makes foreign investors continue to be optimistic about China’s development and invest more in RMB assets.

　　Recently, Goldman Sachs said that considering the rapid recovery of China’s domestic personnel mobility and the strong economic activity data in the first two months, the forecast of China’s GDP growth rate in the first quarter and the whole year will be raised to 4.0% and 6.0% respectively from the previous 2.7% and 5.5%.

　　At the same time, BlackRock think tank and other institutions have also upgraded China’s stock rating. The northbound capital, regarded as the "A-share weathervane of international capital allocation", has accumulated a net inflow of more than 170 billion yuan this year, exceeding the level of last year, conveying the confidence of global investors in China’s economic prospects and the performance of RMB assets.

　　Wen Bin, Chief Economist of China Minsheng Bank:With the recovery of China’s economic growth momentum and the further opening of the financial market, the investment and hedging properties of RMB assets have gradually become prominent. Since the beginning of this year, the net inflow rate of northbound funds has obviously accelerated compared with last year. In addition, in terms of direct investment, the actual use of foreign capital has also maintained a positive growth. Taken together, all these indicate that China’s economy continues to maintain a long-term positive trend, and RMB assets are still highly attractive to global investors.

　　Many professional investment institutions said that in the medium and long term, China’s capital market has broad long-term investment prospects, which will attract more global investors to invest more in China. This will also make the proportion of RMB assets in global allocation match China’s position in the global economy in the future.

　　Tobias, Global CEO of Allianz Investment:China is the second largest economy in the world with a population of 1.4 billion, and it is expected to become the second largest onshore asset management market in the world. In the future, we hope to make our own contribution to the continuous opening of China’s capital market and support China’s economic development through our extensive active investment solutions.