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

PBOC to regulate RQFII programs

Updated: 2012-01-05 10:17

(Xinhua)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

BEIJING - China's central bank on Wednesday issued guidelines to regulate foreign investors' yuan-denominated investment activities in China in preparation for a possible backflow of yuan into the mainland's equity markets.

New guidelines on the implementation of the Renminbi Qualified Foreign Institutional Investors (RQFII) program by the People's Bank of China (PBOC), the country's central bank, came just several days after the PBOC approved a 10.7-billion-yuan ($1.7 billion) investment quota for the first RQFII pilot program.

According to the new guidelines, overseas institutions under RQFII pilot programs should open their RQFII basic deposit accounts for settlement purposes, as well as RQFII special deposit accounts, in a Chinese commercial bank that is qualified to act as a QFII custodian, as well as a settlement agent, in the interbank bond market.

Pilot overseas institutions must create a separate special deposit account for each open-ended fund they launch, according to the guidelines.

They should not open a general deposit account for cash payments or a temporary deposit account for permanent institutions otherwise approved by the PBOC.

Pilot institutions can open three kinds of special deposit accounts in their custodian and settlement agent banks for their transactions in the interbank bond market, bourse and the stock markets. Capital can be transferred between the three special deposit accounts, the regulations said.

However, these institutions are not allowed to make capital transfers between special deposit accounts and basic deposit accounts. Cash withdrawals are also prohibited from special deposit accounts.

China announced the launch of the RQFII pilot program in December 2011 to widen the investment channel for overseas yuan funds in the Chinese mainland and facilitate the yuan's internationalization process.

Hong Kong subsidiaries of fund management companies and securities firms can use yuan funds raised in Hong Kong to invest in mainland securities within a permitted quota, according to the RQFII pilot program.

To control risks, the government set the total investment quota for RQFII pilot programs at approximately 20 billion yuan, ordering qualified investors to invest no less than 80 percent of yuan funds they raise in fixed-income securities, with investments in stocks and equity funds accounting for no more than 20 percent.

The Chinese currency is not fully convertible under capital accounts, although China has stepped up efforts in recent years to internationalize the yuan.

The Chinese government has encouraged the use of yuan in cross-border trade and investment settlement and approved foreign direct investment in overseas yuan funds obtained overseas.

It also allowed Hong Kong to establish an offshore yuan market and has expanded trade settlement agreements and currency swaps to create more channels for the yuan to circulate outside the mainland.

主站蜘蛛池模板: 91精品久久一区二区三区 | 三级全黄的全黄三级三级播放 | 久久国产精品成人免费 | 99国产精品热久久久久久夜夜嗨 | 久久免费黄色 | 久久riav.com| 88精品视频| 深夜福利视频网站 | 九九大香尹人视频免费 | 亲子乱子伦xxxxxinin | 久久福利资源国产精品999 | 国产精品莉莉欧美自在线线 | 免费色网址 | 成人a影片在线观看 | 国产高清一区二区三区四区 | 国产日本精品 | 亚洲一区二区三区91 | www看片| bt天堂国产亚洲欧美在线 | 国产一区亚洲二区三区 | 毛片日韩 | 99精品在线免费观看 | 久久精品视频9 | 精品国产一区二区三区不卡 | 99在线精品免费视频 | 欧美一级毛片美99毛片 | 精品动漫一区二区 | 日本在线毛片视频免费看 | 99视频有精品 | 成人国产网站v片免费观看 成人国产午夜在线视频 | 成年人网站在线观看视频 | 看真人视频一级毛片 | 国产欧美一区二区三区视频 | 欧美高清亚洲欧美一区h | 久草在线国产 | 免费播放特黄特色毛片 | 亚洲精品国产专区一区 | 午夜福利国产一级毛片 | 精品视频在线一区 | 久久精品视频观看 | 欧美另类孕交免费观看 |