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: 日本一区二区三区四区无限 | jyzzjyzz国产免费观看 | 午夜丝袜美腿福利视频在线看 | 91成人免费观看 | 国产精品毛片 | 亚洲成人免费视频在线 | 91国内精品久久久久免费影院 | 777色狠狠一区二区三区 | 亚洲精品高清国产一线久久97 | 美女黄色在线观看 | 嫩草影院ncyy在线观看 | 精品久久久久不卡无毒 | 韩国免费网站成人 | 中文字幕欧美在线观看 | 1024香蕉视频在线播放 | 99视频在线免费 | 亚洲欧美日韩综合二区三区 | 成年男女免费视频网站播放 | 国产精品私人玩物在线观看 | 特级毛片aaaa级毛片免费 | 亚洲人成在线精品 | 国产欧美亚洲三区久在线观看 | 国产成人久久精品区一区二区 | 亚洲人成人毛片无遮挡 | 成人在线视频一区 | 亚洲第四页| 日韩综合 | 一区视频 | 国产精品爱久久久久久久9999 | 精品日韩二区三区精品视频 | 91情侣高清精品国产 | 日本无玛 | 在线看毛片网站 | 成人午夜视频在线观 | 日本无卡码免费一区二区三区 | 亚洲综合第一页 | 欧美一区二区精品系列在线观看 | 视频二区在线 | 国产爽的冒白浆的视频高清 | 欧美成人午夜在线全部免费 | 超91精品手机国产在线 |