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Expanded QFII quotas signal of faster opening up

Updated: 2012-04-05 08:04
By Chen Jia ( China Daily)

Chinese regulators are promoting the opening-up of the capital markets by expanding quotas for foreign investment at a record pace, aiming to attract more overseas funds to boost the economy and accelerate the market-based reform of the financial system.

These moves might be the starting point for an accelerated capital account opening, and more foreign money inflows are expected to be involved in China's long-term investment projects in the coming months, analysts said.

The China Securities Regulatory Commission has decided to raise the amount available for qualified foreign institutional investors, or QFII, by $50 billion, the largest increase since the launching of the pilot program in 2002.

Expanded QFII quotas signal of faster opening up