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CSRC mulls allowing mainland investors to buy shares in HK
By Louise Ho |
May 15, 2012, Tuesday
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Online Edition
Online Edition
THE China Securities Regulatory Commission is considering allowing Chinese mainland professional investors to buy shares in Hong Kong through the Qualified Domestic Institutional Investors (QDII) program, Hong Kong newspaper Ming Pao reported today.
Some Chinese securities brokerages proposed the introduction of a special QDII program, which would allow professional mainland investors to invest in Hong Kong stocks directly, the report said citing sources from the mainland securities industry.
Guo Shuqing, chairman of the CSRC, responded "positively" to the proposal, according to the report. If approved, an unused US$50 billion QDII quota can be invested in Hong Kong stocks.
Analysts said the special QDII program would provide a big boost to Hong Kong's stock market while it would also increase the investment options of mainland investors.
Currently, Chinese mainland investors can only invest in overseas financial products from authorized mainland asset managers.
Although it is not sure when the special QDII will be launched, the securities industry said further details will likely be announced in July when President Hu Jintao visits Hong Kong for the 15th anniversary of the city's handover to the mainland.
Some Chinese securities brokerages proposed the introduction of a special QDII program, which would allow professional mainland investors to invest in Hong Kong stocks directly, the report said citing sources from the mainland securities industry.
Guo Shuqing, chairman of the CSRC, responded "positively" to the proposal, according to the report. If approved, an unused US$50 billion QDII quota can be invested in Hong Kong stocks.
Analysts said the special QDII program would provide a big boost to Hong Kong's stock market while it would also increase the investment options of mainland investors.
Currently, Chinese mainland investors can only invest in overseas financial products from authorized mainland asset managers.
Although it is not sure when the special QDII will be launched, the securities industry said further details will likely be announced in July when President Hu Jintao visits Hong Kong for the 15th anniversary of the city's handover to the mainland.
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