BOC commodity price depression is the most bullish gold 济宁医学院日照校区

BOC: bulk commodity price depression most optimistic about gold Sina fund exposure platform: letter Phi lag false propaganda, performance is lower than the same kind of products for a long time, buy fund by pit how to do? Click on [I want to complain], Sina help you expose them! The newspaper reporter Yun Hui Shanghai reported that this year, the flow of gold and oil led commodities investment reached the highest point in seven years. The boom in commodity markets is evident from the following data sets. The data released by the Chicago Mercantile Exchange (CME) showed that the energy futures and options trading volume of CME increased by 21% over the same period in 2016, and the metal trading also rose strongly. Barclays Capital’s data show that the flows to commodity based ETP, index funds and other investments are rising rapidly. BOC International Commodity market strategy director Fu Xiao recently in an interview with the twenty-first Century economic report reporter said that BoC in the next two years are more optimistic about the commodity investment market, which is particularly recommended is precious metals in gold. "Personal investment, gold ETF and paper gold liquidity better, but also look at personal preferences, if you hold for many years, you can also consider physical gold.". We expect international gold prices to rise to around $1400 an ounce in the first half of next year." BOC is a wholly-owned subsidiary investment banking institution established by the Bank of China in Hongkong. The company has established a cross border diversified investment banking service platform and an international investment banking framework. Headquartered in Hongkong, with offices in Beijing, Shanghai, Singapore, London, New York, currently available in the overseas capital market including stock issuance, mergers and acquisitions, bonds, fixed income, private banking, direct investment, global commodity, asset management, equity derivatives, leverage and financing structure, the full range of investment bank products and services. This is Fu Xiao’s special trip from Britain to participate in the 2016 China International Mining Conference held in September 23rd. Since 1999, every year has been held, China International Mining Congress has held seventeen consecutive sessions. Mining Conference is the highest level of mining industry held in China, covering the geological exploration, exploration and development, mineral rights trading, mining investment and financing, smelting and processing, technology and equipment, mining services and other whole mining industry chain. The era of negative interest rates of precious metals popular Fu Xiao said that the next time the global macro economic risk of multiple overlay, including the Federal Reserve to raise interest rates, the November U.S. presidential election next year, the British started back in Europe, the EU countries program next year election, will bring a lot of uncertain factors, so the gold hedging assets have more investment opportunities. She expresses the interest of precious metals and the era of negative interest rates. Many countries around the world, such as Japan and Switzerland, have entered the era of negative interest rates. The real annual yield of sovereign debt in developed economies is only above 1%, and the rate of return is negative in 16%. In this case, some investors will enter the gold market if they want to meet the requirements of the same asset rating. From the trading point of view, the basic metal market is very serious, the model of BOC International

中银国际:大宗商品存价格洼地 最看好黄金 新浪基金曝光台:信披滞后虚假宣传,业绩长期低于同类产品,买基金被坑怎么办?点击【我要投诉】,新浪帮你曝光他们!   本报记者 包慧 上海报道   今年以来,流向以黄金和石油为首的大宗商品的投资额达到了七年来的最高点。   大宗商品市场的火热从下列几组数据中可见一斑。芝加哥商业交易所(CME)公布的数据显示,2016年CME的能源期货和期权交易量同比上升了21%,金属交易同样强势上升。巴克莱银行的数据显示,流向以大宗商品为基础的交易所交易产品(ETP)、指数基金和其他投资的资金都快速上涨。   中银国际大宗商品市场策略主管傅晓日前在接受21世纪经济报道记者专访时表示,中银国际在今明两年内都比较看好大宗商品的投资行情,其中尤为推荐的是贵金属中的黄金。“个人投资的话,黄金ETF和纸黄金的流动性更好,但也看个人偏好,如果持有很多年也可以考虑实物黄金。我们预计在明年上半年国际金价会涨到1400美元 盎司左右。”   中银国际是中国银行在香港设立的全资附属投资银行机构,公司建立了跨境多元化投资银行服务平台和国际化投资银行架构。其总部位于香港,在北京、上海、新加坡、伦敦、纽约设有分支机构,目前可在境外资本市场提供包括股票发行、兼并收购、债券发行、定息收益、私人银行、直接投资、环球商品、资产管理、股票衍生品、杠杆及结构融资等在内的全方位投资银行产品与服务。   此次傅晓是专程从英国赶回来参加于9月23日举办的2016中国国际矿业大会。自1999年起每年举办一届,中国国际矿业大会迄今已连续举办十七届。矿业大会是在中国举办的矿业行业最高层的会议,涵盖了地质勘查、勘探开发、矿权交易、矿业投融资、冶炼与加工、技术与设备、矿业服务等整个矿业产业链。   负利率时代贵金属走俏   傅晓表示,未来一段时间全球宏观经济风险多重叠加,包括美联储加息、十一月份美国大选、明年英国启动退欧程序、明年欧盟多个国家大选等,都会带来很多不确定因素,因此黄金等避险类资产比较有投资机会。   她表示看好贵金属还有负利率时代的影响,全球多个国家,比如日本、瑞士已进入负利率时代,发达经济体主权债务实际年化收益率在1%以上的仅16%,收益率为负值的越来越多。这种情况下投资者若要满足同等资产评级的要求,部分资金会进入黄金市场。   从交易角度,基本金属市场分化很严重,中银国际的模型显示基本金属之间的价格相关度已经降到2014年以来的最低点。在傅晓看来,这种分化主要是供给面驱动的,可以从中国进口数据看出来,比如今年前八个月锌矿、镍矿进口分别下降了30%和23%,但铜矿进口量上升了34%,铝矿上升12%,供给链明显分化导致了走势的分化。基本面的趋势还会保持不变,从交易角度看,一些金属的比值已经达到一个高点,因此锌价和铜价到今年下半年和明年初会有一定的回调。   傅晓表示,国内推行的供给侧结构性改革让铁矿石和煤炭都有明显的价格上升。首先是上半年的信贷宽松刺激了房地产行业,增加了黑色大宗商品的需求,拉动了价格上涨;再加上供给侧结构性改革在提速,也让市场对未来产量的预期在下降,比如说宝钢和武钢合并,投资方看到这个情况肯定会提前购买。   “提前购买会拉升价格。供给侧结构性改革是减少产量的,价格升上来又导致不利于减产,所以产生一个悖论。到冬天的时候,产量上升,需求减少,可能价格上升的空间会变小,面临一定的价格回调风险。所以对未来趋势还是相对谨慎看好。”傅晓说。   国内大宗商品交易量上升迅速   傅晓常驻伦敦,就她观察而言,中国矿业企业在全球能源行业变化趋势中,走出去的意愿越来越强。   “走出去在‘一带一路’和人民币国际化的背景下会变得越来越多。很多中国客户在伦敦市场上做对冲交易锁定价格风险。另外,在国外投资矿产资源的企业,收购资产趋势越发强烈。在交流中,客户对这方面很感兴趣,比如说怎么发欧元债和美元债。美元债的年利率在0.25%-0.5%,欧元债是负利率,低到负0.4%,这对中国企业而言非常有吸引力。”   通常,美元弱大宗商品就会暴涨,那么在未来6-12个月,美元强势对大宗商品的影响如何?   傅晓表示,商品价格都是以美元计价,在其它因素不变的情况下,美元贬值大宗商品价格就会上涨,但实际中还受到供需面的影响,情况更为复杂。中银国际判断,美联储在今年12月加息的几率在50%左右。   世界经济复苏缓慢,能源和采矿业贡献力下降,在国内和国际的去产能背景下,投资者亦关心矿业领域是否还存在投资机会。   傅晓表示,前不久在杭州举行的G20会议上,各国对中国的供给侧结构性改革是非常肯定的,在改革中后期淘汰很多落后产能之后,将会有更大的投资空间。比如说钢铁在未来3-5年会减产1.5亿吨,会修正市场供给关系,而市场如果回暖了,可以用金融产品,如期货期权来对冲。   虽然国内大宗商品市场的交易量在逐步上升,但除了现货发售模式,其他竞价、连续、挂牌等大宗商品交易模式仍存在无序现象。   对此,傅晓认为,中国的大宗商品交易市场应该选择自己的优势领域来突破。比如,法律合规和配套设施需长期积累,不可能一蹴而就,而在中国的优势领域,如交易量冲上去更容易。上海期货交易所的新合约镍自推出后,交易量攀升很快,但还未超过LME镍合约。   “可以看到,全世界有一个东进西退的大趋势。很多伦敦的交易员半夜会起来看上海的夜盘交易,上海贵金属交易量提升和人民币合约的推广都是亮点。”傅晓表示。但与欧美大多是机构投资者参与不同,国内大宗商品交易中个人投资者占了更大比例,交易门槛比国外低很多,不同参与者对监管的要求也不同。   关于大宗商品市场的风险方面,傅晓称,从估值来看,股市、债市和楼市风险都比较高,大宗商品虽已走出谷底,但估值仍相对便宜,不存在过热的问题,但有其它风险。“比如,中国的经济情况仍面临不小的调整,决策者如何平衡去产能和经济下滑,去杠杆和金融风险之间的关系。再就是人民币贬值的走势也是非常让人关注的问题。我们认为,人民币对美元将保持温和贬值,也会对大宗商品市场产生一定影响。”   (编辑:马春园,邮箱:macy@@21jingji) 进入【新浪财经股吧】讨论相关的主题文章:

Are the BRICs living up to expectations 邯郸四中贴吧

Are the BRICs living up to expectations? The sina finance opinion leader (WeChat public kopleader) agency column Project Syndicate author Jim? O’neal, former chairman of Asset Management Co, the British Chancellor of the exchequer business assistant, is a professor of economics at the University College Chester’s honor, think-tank Pieter Brueghel the elder visiting fellow at the British government, antibiotic resistance problem review Commission Chairman of the BRIC countries the growth and development of the potential barrier in many ways, including antibiotic resistance of this kind of health threat, education challenges, lack of representation and some short-term cyclical problems in global governance mechanism. And the global policy makers must be committed to dismantling these barriers so that the BRICs will eventually be able to play their true potential. Are the BRICs living up to expectations? 15 years ago, I created the word "BRICs" to refer to several major emerging economies: Brazil, Russia, India and China (after 2010, South Africa was added). After my recent independent review of Antimicrobial Resistance, my short term in the British government was over. And when I think about what to do next, I can’t help thinking about the 15th Anniversary Theme so far. Are these big and promising emerging economies failing to live up to expectations? Perhaps the easiest way to answer this question is with my antibiotic resistance review, which was launched by David Cameron, a former British Prime Minister, in 2014. In September 21st the same year, we made a major progress: the United Nations signed a high-level agreement on the issue. After the agreement was reached, a German television crew, who had been tracking from time to time in my team and myself, has been asking me in a live broadcast whether the outcome of the project was more important than the BRIC concept. And I didn’t even come and answer, and they gave me the positive answer first. They are right: whether emerging or any other economy, it is impossible to achieve prosperity if it continues to be under such severe and uncontrollable health threats as antibiotic resistance. But the story of BRICs is not limited to this: the importance of BRICs in dealing with antibiotic resistance is equivalent to the importance of resistance to these five countries. South Africa is the UK’s main supporter of drug resistance issues at the recent G20 summit in Hangzhou, and even without the support of the country, the issue may not even have a chance to appear in the communique of the meeting. And that’s the problem. Today’s BRICs, like those of 2001, play a vital role in addressing the most pressing international challenges. In fact, the reason why I came up with the acronym BRICS is not only because of the coincidence of the first names of countries, but also because of the real meaning of the word: in my 2001 article, these emerging economies should be building new global gold

金砖国家辜负人们的期望了?   文 新浪财经意见领袖(微信公众号kopleader)机构专栏 Project Syndicate 作者吉姆?奥尼尔,曾任高盛资产管理公司主席,英国财政大臣商务助理,现为曼切斯特大学经济学荣誉教授,智库机构布勒哲尔访问研究员,英国政府抗菌素耐药性问题审查委员会主席   金砖国家的成长和发展的潜在障碍是多方面的,包括抗菌素耐药性这类健康威胁,教育方面的挑战,在全球治理机构中代表性不足以及一些短期的周期性问题。而全球政策制定者必须致力于拆除这些壁垒,以令金砖国家最终能发挥出其真正的潜力。 金砖国家辜负人们的期望了?   在15年前,我创设了“金砖四国(BRICs)”一词来指代几个主要新兴经济体:巴西,俄罗斯,印度和中国(后于2010年增添了南非)。在主持的针对抗菌素耐药性(Antimicrobial Resistance)的独立审查工作于近期完成之后,我在英国政府的短暂任期也结束了。而在思考下一步该投身哪些事业的时候,我不禁回想到了这个迄今15周年的主题。这些庞大且让人寄予厚望的新兴经济体到底有没有辜负人们的期望?   也许回答这个问题的最简单方法与我的抗菌素耐药性审查工作有关,这是由前英国首相戴维?卡梅伦于2014年启动的项目。同年9月21日我们就取得了一项重大进展:联合国针对该议题签署了一份高级别协议。   在协议达成后,一个在我的团队和我本人在各界广泛树立耐药性意识期间不时跟踪拍摄的德国电视摄制组曾经在直播中问我,这个项目的结果是否比金砖四国的概念更重要。而我甚至都没来及回答,他们就抢先给出了肯定的答案。他们是对的:不管是新兴还是其他什么经济体,如果持续处于抗菌素耐药性这类严重且无法控制的卫生威胁之下的话,都是不可能实现繁荣的。   但是金砖五国的故事可不仅限于此:金砖五国在应对抗菌素耐药性议题上的重要性跟应对耐药性对于这五国的重要性是等同的。其中南非就是英国在近期在杭州G20峰会上耐药性议题的主要支持者,如果缺少了该国的支持,该议题甚至可能没机会出现在会议的公报上。   而这就是问题所在。当今的金砖五国跟2001年时一样,在解决那些最为紧迫的国际性挑战方面发挥着至关重要的作用。事实上我之所以想出BRICS这个缩写,不仅是因为各国名称首字母的巧合,也是因为这个词的真实含义:在我2001年发表的文章中,这些新兴经济体应该是构筑新全球金融和治理体系的基石。   然而在正在召开的国际货币基金组织和世界银行的秋季会议上,金砖国家在这些关键机构中的代表性依旧不足。如果这一情况无法扭转的话,随着各项改革远远超出当前的范围,我们很快就会发现所谓的“全球治理”已经跟全球性不沾边了。   诚然金砖国家近年的日子也不太好过。巴西和俄罗斯近十年间的经济表现尤其是令人失望,以致许多人如今都觉得应该把这两个国家从缩写中剔除。   但这种认为金砖国家重要性被夸大了的想法其实是相当幼稚的。四个金砖起始国如今的经济总量其实与我多年前作出的预测保持了一致。   俄罗斯和巴西两国占全球GDP的比重和2001年基本一致。虽然根据我的简单计算,俄罗斯可能已经跌出了世界十大经济体之外。而巴西即便有着相当多的问题,但全球排名甚至比我当初的设想要高。   印度依然沿着与15年前大致相同的路径不断前进。有了合理的结构性改革,它甚至可以在一段时期内持续实现中国式的两位数经济增长。   而最大的金砖国家成功故事仍然是中国。尽管近期经济有所放缓,但中国的发展远远超过了预期。如果中国经济能在2020年前保持6%左右的年增长率,那么我的20年预测就将应验。   这可不是在回避中国所面临的挑战。但如果它能设法解决其中最为紧迫的问题――下行通货紧缩风险――其备受争议的债务挑战就将变得更加易于管理。   但中国的幸运之处在于其他国家希望――或者应该希望――它走向成功。毕竟一个充满活力的中国经济符合其他许多国家的利益,特别是那些可以输出一个更现代化且消费拉动型的中国所需的商品和服务的国家。事实上,中国消费者的崛起可能是当前最重要的单一全球经济变化因素――甚至比困扰欧洲和日本的经济问题或者对印度经济与全球的长期关联性的质疑这类问题更加重要。   金砖国家的成长和发展的潜在障碍是多方面的,包括抗菌素耐药性这类健康威胁,教育方面的挑战,在全球治理机构中代表性不足以及一些短期的周期性问题。而全球政策制定者必须致力于拆除这些壁垒,以令金砖国家最终能发挥出其真正的潜力。   Copyright: Project Syndicate, 2016.?      (本文作者介绍:报业辛迪加(Project Syndicate)被称为“世界上最具智慧的专栏”,作者来自全球顶级经济学者、诺奖得主、政界领袖,主题包括全球政治、经济、科学与文化塑造者的观点,为全球读者提供来自全球最高端的原创文章、最具深度的评论,为解读“变动中的世界”提供帮助。)相关的主题文章:

26, the central parity of RMB against the U.S. dollar reported 6.6488 up 114 points – China Network 料事如神的意思

26, the central parity of RMB against the U.S. dollar reported 6.6488 up 114 points – 26 in August, according to the latest data of China foreign exchange trading center, in August 26th, the central parity of RMB against the U.S. dollar reported 6.6488, up 114 basis points compared to August 25th. Chinese authorized foreign exchange trading center announced the people’s Bank of China, August 26, 2016 the interbank foreign exchange market, the RMB exchange rate: $1 for 6.6488 yuan, 1 euro for 7.5079 yuan, 100 yen for 6.6138 yuan, HK $1 for 0.85736 yuan, 1 pound of 8.7744 yuan, 1 yuan to Australia 5.0700 yuan 1 New Zealand dollars for RMB 4.8561 yuan, 1 yuan Singapore for 4.9178 yuan, 1 Swiss francs to 6.8749 yuan, 1 Canada yuan to RMB 5.1503 yuan, RMB 1 yuan of 0.60194 ringgit, 1 yuan for 9.7152 russian rubles, RMB 1 yuan for the 2.1378 South African rand, 1 yuan of 167.61 won.

26日人民币对美元汇率中间价报6.6488 上调114点-中新网   中新网8月26日电 据中国外汇交易中心的最新数据显示,8月26日人民币对美元汇率中间价报6.6488,较8月25日上调114个基点。   中国人民银行授权中国外汇交易中心公布,2016年8月26日银行间外汇市场人民币汇率中间价为:1美元对人民币6.6488元,1欧元对人民币7.5079元,100日元对人民币6.6138元,1港元对人民币0.85736元,1英镑对人民币8.7744元,1澳大利亚元对人民币5.0700元,1新西兰元对人民币4.8561元,1新加坡元对人民币4.9178元,1瑞士法郎对人民币6.8749元,1加拿大元对人民币5.1503元,人民币1元对0.60194林吉特,人民币1元对9.7152俄罗斯卢布, 人民币1元对2.1378南非兰特,人民币1元对167.61韩元。相关的主题文章: