Quotable quotes of speakers at Annual Conference of Financial Street Forum 2022

The risk aversion attribute of RMB assets are increasingly prominent. Since the beginning of this year, bond yields of major countries have risen and prices have fallen. RMB bonds have become one of the few financial assets with stable prices.

Unlike other emerging market bonds, RMB bonds are quasi-safe assets with risk-return characteristics closer to those of developed countries. China's macroeconomic policies are dominated by itself, and the interest rate and exchange rate trends are relatively independent, which makes RMB bonds present a better diversification effect in global asset allocation.