QFII boost to spur further opening

The nation plans to double the total quota of the Qualified Foreign Institutional Investors program, the latest move to meet the rising investment demand of overseas investors as the nation opens further to foreign investors.

The quota will be doubled from the current level of $150 billion to $300 billion, the State Administration of Foreign Exchange, the nation's top currency regulator, said in a statement on Monday.

As part of the earliest efforts to promote the further opening of the nation's capital market, the scheme allows foreign institutional investors to invest in China's capital market.