Subscribe to free Email Newsletter  
 
 
   

Shang: QFII quota likely to triple by year end

By Lin Guan (chinadaily.com.cn)
Updated: 2007-10-17 11:24

China is likely to triple the quota for overseas institutions from US$10 billion to US$30 billion by the end of this year, the nation's securities regulator said.

Related readings:

 QFII to participate in index futures trading
 Rules changed to woo long-term QFII funds
 China may triple QFII quota to $30 billion - report

China Securities Regulatory Commission (CSRC) has pledged to expand the current QFII (Qualified Foreign Institutional Investors) quota of US$10 billion, and following discussions with related parties, the quota will probably be tripled, said Shang Fulin, chairman of CSRC, when answering press questions at the seminar of central financial system delegation of the 17th National Congress of the Communist Party of China.

According to Xinhuanet, China and the US reached a consensus on the US$30 billion QFII quota in the second round of China-US Strategic Economic Dialogue. Sources from inside the sector believed the influx of foreign funds will benefit the current investor structure, and upgrade domestic investing philosophy and management pattern.

As of the end of 2006, some 52 foreign financial institutions are holding 97.1 billion yuan stocks in Chinese A-share market.


(For more biz stories, please visit Industry Updates)



Your comments: All the comments
Comment here(Only English)    Your Name:
   
Copyright 1995-2007. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form.
Note: Browsers with 1024*768 or higher resolution are suggested for this site.
Registration Number: 20100000002731