Faster nod for QFII to tap capital market
By Ye Zhen |
June 18, 2013, Tuesday
|
Print Edition
Print Edition
CHINA has accelerated approval for foreign investors to tap the domestic capital market as the country tries to attract more long-term overseas investment.
Five Qualified Foreign Institutional Investors got the green light in May to invest in yuan-denominated stocks, data from the China Securities Regulatory Commission showed yesterday. That was an increase from three in April and brought the total number of QFIIs to 225.
Earlier this month, the State Administration of Foreign Exchange said China granted US$1.3 billion worth of investment quotas to QFIIs in May, up from US$137 million in April.
Overseas appetite for China's A shares has also recovered as equity markets improved.
In May, participants in the QFII program opened 22 accounts to trade A shares, second only to 26 accounts - the most so far this year - opened in March, the China Securities Depository and Clearing Corp said.
The average return of funds under the QFII scheme rose 5.34 percent in May while the Shanghai Composite Index gained 5.63 percent, said research firm Lipper & Co, a subsidiary of Thomson Reuters.
In the past decade, the QFII scheme has witnessed a more than 10-fold increase in the number of participants and the size of approved investment quotas.
Five Qualified Foreign Institutional Investors got the green light in May to invest in yuan-denominated stocks, data from the China Securities Regulatory Commission showed yesterday. That was an increase from three in April and brought the total number of QFIIs to 225.
Earlier this month, the State Administration of Foreign Exchange said China granted US$1.3 billion worth of investment quotas to QFIIs in May, up from US$137 million in April.
Overseas appetite for China's A shares has also recovered as equity markets improved.
In May, participants in the QFII program opened 22 accounts to trade A shares, second only to 26 accounts - the most so far this year - opened in March, the China Securities Depository and Clearing Corp said.
The average return of funds under the QFII scheme rose 5.34 percent in May while the Shanghai Composite Index gained 5.63 percent, said research firm Lipper & Co, a subsidiary of Thomson Reuters.
In the past decade, the QFII scheme has witnessed a more than 10-fold increase in the number of participants and the size of approved investment quotas.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
