Ceiling hike for foreign investors 'very soon'

Cumulative investment quota of $1 billion for QFII program likely to see further revisions

China will raise the ceiling of cumulative investment in the domestic securities market for a single qualified foreign institutional investor, an official of the country's foreign exchange regulator said on Thursday.

Guo Song, head of the capital account management department at the State Administration of Foreign Exchange, said that the regulator had been planning reforms for the Qualified Foreign Institutional Investor and the Renminbi Qualified Foreign Institutional Investor programs.