New QFII investment quotas granted
Print Edition
CHINA granted 29 billion yuan (US$4.7 billion) of new investment quotas to qualified foreign institutional investors in March as the country moves cautiously to encourage capital flows.
Of the quota, US$1.45 billion was granted to six investors under the Qualified Foreign Institutional Investor program, and 20.1 billion yuan was made to Renminbi Qualified Foreign Institutional Investors, according to State Administration of Foreign Exchange data.
China’s currency, the yuan, is convertible for trade purposes under current account, while the capital account, which covers portfolio investment and borrowing, is still largely controlled by the state on concern over capital inflow and outflow.
To gradually open the capital account, QFII and RQFII programs were unveiled, under which foreign investors are given a certain quota to move money into China’s capital account, to encourage flows.
As of Friday, 241 institutions had received QFII quotas amounting to US$53.6 billion.
- 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.
