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China nearly doubles QFII quota to US$150b
By Ye Zhen |
July 12, 2013, Friday
|
Online Edition
Online Edition
CHINA today said it nearly doubles the investment quota for foreign institutional investors to tap domestic capital market to US$150 billion in an effort to bolster the country's equity market.
The total investment quota for the Qualified Foreign Institutional Investor scheme will be lifted to US$150 billion from the previous US$80 billion, China Securities Regulatory Commission said in a media briefing after the market close.
Launched in 2002, QFII is a main gateway for foreign institutions to access China's yuan-denominated markets. In the past decade, the program has witnessed more than 10-fold expansion in both the number of participants and the size of approved investment quotas.
The CSRC also said it will expand the trial Renminbi Qualified Institutional Investors program, which allows foreign investors to invest in China's capital market with offshore yuan, to Singapore and London.
The total investment quota for the Qualified Foreign Institutional Investor scheme will be lifted to US$150 billion from the previous US$80 billion, China Securities Regulatory Commission said in a media briefing after the market close.
Launched in 2002, QFII is a main gateway for foreign institutions to access China's yuan-denominated markets. In the past decade, the program has witnessed more than 10-fold expansion in both the number of participants and the size of approved investment quotas.
The CSRC also said it will expand the trial Renminbi Qualified Institutional Investors program, which allows foreign investors to invest in China's capital market with offshore yuan, to Singapore and London.
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