China to grant Japanese investors 200 billion yuan in RQFII quota: Premier Li

Premier Li Keqiang announced on Wednesday that China has agreed to grant Japanese investors with a renminbi qualified foreign institutional investor quota of 200 billion yuan ($ 31.7 billion).

During his meeting with Japanese Prime Minister Shinzo Abe, Li said China supports Japanese financial institutions to invest in the Chinese capital market, and also has a positive attitude to setting up a bank for renminbi clearing in Tokyo.

Based on each other's needs for development, both countries should strengthen cooperation in key areas, such as environmental protection, energy conservation, technological innovation, high-end manufacturing, sharing economy and healthcare services, Li said.

Both countries have reached consensus in principle to sign an agreement to exchange renminbi and yen as soon as possible, which is beneficial to safeguarding the stability of the financial market and improving investment facilitation, the premier added.