人行:提升A股市场与国际市场资金联通等有利於提升A股价格发现功能
中国人民银行发布工作论文,指出从价差影响因素的相对重要性看,中国股市仍不成熟。A股区别於一般经济体股票对应的ADR高溢价主要与资本市场开放、A股投资者的投机动机、A股股票缺乏流动性有关。
该论文提出一系统举措以有利於提升A股价格发现功能,缩小A股相对与ADR和H股的溢价率,其中包括:提升人民币汇率灵活程度和稳定的汇率预期;融资融券等加强A股市场规则向国际规则靠拢的措施;提升A股市场与国际市场资金联通以及中国金融市场的开放程度;发展长期机构投资者,弱化A股投资者的投机动机;合理设定境内外股息率,提升中资企业A股和ADR的投资价值等。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.