China Has Lost US $67 Billion In US Treasury Bonds.

A shares opened yesterday. Sluggish 。 The Shanghai stock index fell to 2497.92 points, hitting a new low this year. The Shanghai Composite Index closed at 2526.82 points, down 99.61 points, or 3.79%, while the Shenzhen Component Index closed at 11312.63 points, or 389.14 points, or 3.33%.

Major Asian Pacific stock index suffered "black Monday". The Nikkei index of the Tokyo stock market fell 202.32 points. The composite index and the high index of Seoul stock market fell 3.82% and 6.63% respectively, and therefore stopped temporarily. The Hang Seng Index of Hongkong, China, dropped 20490.57 points, down 455.57 points.

New York stock market fell sharply in early trading on the 8 day, and the three major indexes fell 3%. The VIX index is used to measure the panic rate of the stock market. As of press release, the index rose 7.84 points to 39.84, a 52 week high.

According to Xinhua news agency, the three largest international company Grade S & P, one of the agencies, recently announced the downgrading of the US sovereign credit rating from AAA to AA +. Affected by its drag, A shares opened yesterday. The Shanghai stock index fell to 2497.92 points, hitting a new low this year.

The US Treasury bond, which has long been considered the safest investment product, has been questioned because of its low rating. International capital is looking for new ways to avoid risks. The expectation of RMB appreciation and the prospect of sustained economic development make China become a "safe haven" for international capital.

"S & P's downgrading of US sovereign credit rating will bring more hot money to China." Chen Gong, chief researcher of Ampang consulting.

The figures provided by Lian Ping, chief economist of Bank of communications, show that since the reopening of foreign exchange reform last June, the renminbi has rejoined the appreciation channel. Exchange rate appreciation is an important factor to attract capital inflow.

Ping An Securities researcher He Qingming and other analysts said that the sovereign credit rating of the United States has been lowered, and the possibility of the launch of the third round of quantitative easing monetary policy will increase. It will continue to accelerate the depreciation of the US dollar, and at the same time, it will also face the risk of devaluation of China's huge foreign currency reserves.

Chen Gong said: "at present, China holds about US $1 trillion and 160 billion of US Treasury bonds. The impact is expected to be about 60 basis points, which means that the loss may reach 67 billion US dollars.

S & P downgrades " Two rooms Credit rating

According to Xinhua news agency Standard Pool Co 8, the United States mortgage loan Finance Companies Fannie Mae and Freddie Mac ratings downgraded from AAA to AA +.

S & P's rating adjustment and US government bond The downgrade is related. S & P said in a statement that downgrading Freddie Mac and Fannie Mae reflected their dependence on the US government. At the same time, there were deposit trust companies, state securities Clearing Corp, fixed income Clearing Corp and Options Clearing Corp, which were all downgraded from AAA to AA +.