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时间:2020年07月10日 00:32 作者:友驭北 浏览量:58744061

    

    Global investors are continually buying into the rally in China's equity market, which has taken the renminbi to its highest level in several months and reinforced hopes that the country's earlier economic recovery would sustain the bullish market sentiment, analysts said.Chinese stocks extended their rally on Tuesday, with the CSI 300 index of shares listed in Shanghai and Shenzhen gaining 2 percent in early trading, although the rise slowed to 0.6 percent at the close. On Monday, the index surged 5.67 percent, its biggest daily gain in five years.The People's Bank of China, the central bank, set the central parity of the RMB exchange rate against the US dollar, or the daily trading reference, at 7.0310 on Tuesday, up 353 points from Monday, the largest daily appreciation since April 9. The offshore yuan strengthened past 7 per dollar for the first time since March.The huge influx of "northbound capital", which flowed from overseas to the mainland through stock connect programs linking onshore and offshore capital markets, indicated that global investors are buying Chinese stocks. The rally resulted in large demand for the renminbi and strengthened its value, Guan Tao, chief global economist at BOC International (China) Co Ltd, told China Daily.According to Wind Info, a Chinese financial data platform, net inflows of northbound capital totaled 53.8 billion yuan ($7.66 billion) in the four consecutive trading days ending on Tuesday."Basically, the booming stocks and currency are supported by an optimistic outlook for China's economic fundamentals, as domestic COVID-19 infections have largely been brought under control and the latest purchasing managers index showed a strong rebound," said Guan, who is also a former senior official with the State Administration of Foreign Exchange, the nation's foreign exchange regulator.To offset the economic impact of COVID-19, central banks around the world have flooded financial markets with ample liquidity, which has boosted asset prices, especially in the equity market, according to analysts.Different from the capital market rally five years ago, institutional investors hold more prudent portfolios nowadays, but they still need to prevent unexpected volatility if asset prices surge too quickly or if a second wave of the pandemic arrives, Guan added.Recent volatility in the global financial markets, such as the falling dollar index, has led to changes in China's foreign exchange reserves, which increased to $3.11 trillion at the end of June, up $10.6 billion or 0.3 percent from a month earlier, hitting their highest level since February, the SAFE announced on Tuesday.Affected by the COVID-19 pandemic and the monetary and fiscal stimulus policies in major economies, the US dollar index has fallen slightly while asset prices in major countries have risen, which were the factors that led to the increase in China's foreign exchange reserves in June, according to Wang Chunying, a spokeswoman for the SAFE."The current overseas situation of the pandemic and the world economy remains grim and complex, with increasing fluctuations in global financial markets. China has made significant achievements in prevention and control of the disease, while accelerating the resumption of production. Various economic indicators have improved marginally, and the economy is gradually recovering," Wang said.The world's second-largest economy has remained attractive for investors despite the impact of the pandemic, and China has seen all fund types register net inflows in the first five months of this year, according to research released on Tuesday by Fitch Ratings, one of the world's three biggest rating agencies.Total open-end mutual fund assets in China, for example, swelled by 20 percent in the January-to-May period from a year earlier to 15.8 trillion yuan, driven by institutional and retail demand, supported by a faster economic recovery and recent substantial growth in money supply, Fitch said.Globally, "sentiment remains bullish despite the many questions around economic prospects over the medium and long term. We may have seen a positive rebound in several releases of economic data over the past couple of weeks," said Hussein Sayed, chief market strategist at FXTM, a global foreign exchange trading platform."There are factors contributing to the rally," Sayed said. "With an unprecedented amount of cash in the system, equities and high-yield bonds are attracting a lot of interest from investors in the absence of acceptable yields from money markets and longer-term government bonds.""That may continue to push risky assets higher, although valuations are approaching extreme levels," Sayed added. "To keep this rally alive, we need more intervention from fiscal and monetary policymakers and for investors to believe that policies will be generous enough to provide further liquidity."Global investors are continually buying into the rally in China's equity market, which has taken the renminbi to its highest level in several months and reinforced hopes that the country's earlier economic recovery would sustain the bullish market sentiment, analysts said.Chinese stocks extended their rally on Tuesday, with the CSI 300 index of shares listed in Shanghai and Shenzhen gaining 2 perc

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  dent Xi Jinping made the remark in an exchange of congratulatory messages on Sunday with his Ghanaian counterpart, Nana Addo Dankwa Akufo-Addo, on the 60th anniversary of the establishment of China-Ghana diplomatic relations.In his message, Xi said he highly values developing bilateral ties and is willing to work with Akufo-Addo to take the 60th anniversary as an opportunity to carry forward tradi

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it had already donated.However, Gates, co-chair of the foundation, complained to Fast Company that he found his name involved in some foul scheme."A lot of it comes in the form of conspiracy, where someone's got some plot and my name even comes up as potentially at the center of some conspiracies, so it is a bit scary," Gates told the magazine. "You'd want to be driven towards the facts in a cris如下图

h Chinese companies.Its partnership with Alibaba dates back to 2018, when BMW introduced Alibaba's voice assistant Tmall Genie.Last year, BMW authored a white paper on autonomous driving safety with Chinese companies including Baidu. It also inked deals with China Unicom in terms of 5G services and NavInfo in high-precision maps. In the same year, it joined hands with Tencent to build a high-perfo

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  A woman puts on her face mask and prepares to enter the Louvre Museum in Paris, France, July 6, 2020. (Xinhua/Gao Jing)Special: Battle Against Novel CoronavirusAnalysis of the latest sewage water samples taken in the Great Paris region suggested a slight resumption of the novel coronavirus in the past weeks but it is too early to speak of an epidemic rebound, French media reported on Wednesday.Six of the 12 samples analyzed between June 22 and 25 found a very minimal presence of the coronavirus and additional tests carried out the following week confirmed these results, said national daily Le Monde.Additional elements are needed to understand the phenomenon, it said, warning that "recent resumption of activities has been accompanied by a certain relaxation in terms of compliance with barrier gestures, which raises fears of a resurgence of the epidemic."Sewage water reflects what is excreted by the public. Paris has been monitoring its waste water since the start of the pandemic to assess the circulation of coronavirus among the population.From samples taken between March 5 and April 23, researchers have indeed found a correlation between the level of virus in waste water and the number of infection cases.In mid-April when a tiny amount of the virus was found at four of the 27 sampling points, the Paris City Hall immediately asked people to stop using non-potable water as a "precautionary measure."In mid-May when the epidemic was largely contained after two months of confinement, traces of the coronavirus were no longer found in the waste water samples analyzed.France's National Academy of Medicine said on Tuesday that the microbiological analysis of waste water can play a strategic role in prospective and regular surveillance of the circulation of the virus.It recommended to make this surveillance systematic and rigorous, extend it to other viruses and constitute a bank of samples allowing retrospective analysis.On June 26, researchers at the University of Barcelona, one of Spain's most prestigious universities, said they had detected the presence of the novel coronavirus in waste water samples collected in Barcelona on March 12 of 2019. That was nine months before China's central city of Wuhan first reported the coronavirus outbreak at the end of 2019.Scientists in Italy also found traces of the new coronavirus in waste water collected from Milan and Turin in December 2019.A woman puts on her face mask and prepares to enter the Louvre Museum in Paris, France, July 6, 2020. (Xinhua/Gao Jing)Special: Battle Against Novel CoronavirusAnalysis of the latest sewage water samples taken in the Great Paris region suggested a slight resumption of the novel coronavirus in the past weeks but it is too early to speak of an epidemic rebound, French media reported on Wednesday.Six  

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