China to allow individuals to invest abroad
Print Edition
CHINA is considering allowing individuals to directly invest in overseas markets, a central bank official revealed yesterday.
Currently, only institutions can invest abroad under the Qualified Domestic Institutional Investors scheme. More than 100 institutions are qualified at present, with a combined quota of US$76.8 billion.
Wang Dan of the People’s Bank of China said the central bank is working on a QDII2, to allow Chinese people to trade stocks on foreign bourses and hold other assets. In addition, the PBOC is considering a RMB Qualified Domestic Institutional Investors program, which means institutions would be able to use the yuan to invest abroad rather than convert into local currency.
Both outbound and inbound investment across China’s border are still subject to many restrictions as the country’s capital account is not open and the yuan not fully convertible, though cross-border use of the yuan is being gradually liberalized.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
