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

National

Regional

Taiwan, HK, Macao

Special Coverage

Focus

Society

Profiles

China to increase maximum investment quota of QFII

(Xinhua)
Updated: 2009-09-04 19:37

BEIJING: China issued draft rules Friday, planning to increase the amount which an individual Qualified Foreign Institutional Investors (QFII) fund can invest in the country's financial markets.

Related readings:  Securities firms may ring in healthier H2 numbers  Star securities analyst faces insider trading charges  Guoyuan Securities net profit up 12.58% in H1  Everbright Securities may raise up to 11b yuan in float  Securities watchdog strengthens market supervision

The upward limit of investment quota for an overseas institute under the QFII program was increased to US$1 billion from the previous US$800 million, under the draft rules, the State Administration of Foreign Exchange (SAFE) said in a statement on its website.

The QFII program was introduced in 2002 by the China Securities Regulatory Commission and the People's Bank of China, the central bank, as a provision for foreign capital to access the country's financial markets. QFII funds are allowed to invest in Chinese shares, treasuries, convertible and enterprise bonds.

SAFE was to solicit public opinion on the draft rules from September 4 to 18.