SHANGHAI (Reuters) – Overseas investors have a tendency to hold yuan-denominated assets, which helps explain the Chinese currency’s strength against a backdrop of weakness in some other currencies, Fang Xinghai, vice chairman of the securities regulator, said on Thursday.
Fang also said the China Securities Regulatory Commission (CSRC) was working toward a mechanism to help increase the inclusion factor for Chinese shares in MSCI indexes to 15 percent from 5 percent as soon as possible.
Fang, speaking at a financial forum in Shanghai, did not give further details.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.