US$1.88b quota for QFII, RQFII
Print Edition
A quota of US$1.02 billion was granted under the qualified foreign institutional investors while a 5.3 billion yuan (US$869 million) quota was extended under the renminbi qualified foreign institutional investors scheme in China last month.
The QFII program, which welcomed six new foreign financial institutions, boasted a total quota of US$48.5 billion by the end of October.
Under the RQFII program, which allows foreign investment in China mainland’s capital market with yuan accumulated offshore, five new investors were granted quotas last month, bringing the total quota to 139.6 billion yuan.
In September, a US$10.5 billion quota was granted under the QFII program and 5.7 billion yuan under the RQFII.
The QFII program, with a total quota of US$150 billion, now has 222 institutions, and the RQFII has 47 institutions with a total quota of 270 billion yuan.
In September, participants in the QFII program opened 19 accounts to trade A shares, the China Securities Depository and Clearing Corp said last month.
In October China agreed to expand the RQFII program with London and Singapore for their financial firms to invest in the Chinese bonds and equities.
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