www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

   

China grants US$10.3b quota to QDIIs

(Xinhua)
Updated: 2006-09-27 09:37

China's foreign exchange authority has granted overseas investment quotas totaling 10.3 billion U.S. dollars to eight qualified domestic institutional investors (QDII) since the scheme was implemented in July.

A statement from the State Administration of Foreign Exchange (SAFE) said the China CITIC Bank had been approved to buy foreign exchange worth 500 million dollars on behalf of its clients for overseas investment, bringing the QDII quota above that of QFIIs (qualified foreign institutional investors) and surpassing 10 billion dollars
The QDII scheme allows mainland institutions and residents to entrust mainland commercial banks to invest a certain amount of money in financial products overseas, and allows insurance institutions to invest some of their assets in overseas fixed-income products and monetary market products.

The government launched the QFII pilot program in 2003, allowing foreign institutional investors such as UBS, Deutsche Bank and Citigroup Global Markets Limited to engage in the securities business on the Chinese mainland.

So far, 48 foreign institutions have QFII status, and the combined investment quota totals 7.845 billion U.S. dollars, more than three quarters of the 10-billion-dollar quota the government promised to give to overseas institutional investors.

Although the country started QDII scheme in 2006, much later than the QFII, the government gave investment quotas to QDIIs at a much faster rate.

In July, the SAFE for the first time granted overseas investment quotas totaling 4.8 billion U.S. dollars to three QDIIs.

In just two months, a total of eight Chinese and overseas-funded commercial banks, including the Bank of China, the Industrial and Commercial Bank of China, the China Construction Bank, the Bank of Communications, the China Merchants Bank, the China CITIC Bank, the Citibank and the Bank of East Asia, have received 10.3 billion dollars of QDII quotas.

After receiving the quota, the banks can raise Renminbi funds from domestic individuals and institutions and convert them into foreign currency for overseas investment.

Another three overseas-funded banks, including the Hongkong and Shanghai Banking Corp., the Hang Seng Bank and the Standard Chartered Bank, have also received QDII licenses and are still awaiting quotas.

These banks have a great demand for such quotas, showing the QDII service had a broad prospective market, the SAFE said.

Due to expectations of further Renminbi appreciation, huge amounts of foreign exchange have flowed into China in recent years, pressuring Renminbi upwards.
The QDII policy will help domestic funds to move out and alleviate the pressure, according to the SAFE.

(For more biz stories, please visit Industry Updates)

 
 

主站蜘蛛池模板: 国产亚洲人成在线影院 | 高清一级淫片a级中文字幕 高清一区二区 | 国产成人一区二区三区影院免费 | 成人网久久 | 日韩中文字幕网站 | 美日韩黄色片 | 久久久精品一区 | 99久国产| 成人免费视频播放 | 欧美性aaa| 精品一区二区高清在线观看 | 国产韩国精品一区二区三区久久 | 成人国产精品免费视频不卡 | 美女扒开腿让男生桶爽网站 | 黄色美女在线观看 | 亚洲精品综合一二三区在线 | 欧美一区二区三区在线 | 精品中文字幕在线 | 欧美精品一区二区三区免费观看 | 欧美一区二区三区不卡片 | 作爱视频在线免费观看 | 一级片视频免费看 | 国产精品免费视频一区二区三区 | 国产一区二区影院 | 国产成人精品一区二区秒拍 | 亚洲国产成人精品91久久久 | 91av国产在线| 久久在线影院 | 欧美日本一区视频免费 | 日韩在线免费 | 成人一级黄色片 | 手机在线观看毛片 | 在线步兵区 | 91精品国产免费久久国语蜜臀 | 中文字幕无线精品乱码一区 | 成人性版蝴蝶影院污 | 人碰人碰人成人免费视频 | free性丰满白嫩白嫩的hd | 欧美日韩精品一区二区三区视频播放 | 欧美人在线一区二区三区 | 毛片美国基地 |