国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

Regulator to expand QDII quota

By Shangguan Zhoudong (chinadaily.com.cn)
Updated: 2007-07-05 16:12

China's foreign exchange authority will grant more overseas investment quotas to qualified domestic institutional investors (QDII), China Business News reported today, citing a senior forex official.

Li Dongrong, deputy director of the State Administration of Foreign Exchange, the country's forex watchdog, said yesterday in Hunan Province that China has granted overseas investment quotas totaling US$20.5 billion to a total of 24 QDIIs so far.

Special coverage:
Markets Watch
 
Red Chips Return

Related readings:
 ICBC raises $585m in China's largest QDII fund
 First fund managed QDII product seeking go-ahead
 QDII expanded to include securities, fund companies
 
Limits on QDII's H-share investment to ease

Specifically, 19 banks have been approved to buy foreign exchanges worth US$14.8 billion on behalf of their clients for overseas investment, and four insurers and one fund company have been granted quotas of US$5.2 billion and US$500 million respectively.

Li also said that the amendment to management measures on insurers' foreign investment had been completed and the revised regulation will be released soon.

Currently, banks, securities companies, funds and insurance companies are allowed to invest in stocks and funds in overseas markets.

Morgan Stanley China strategist Jerry Lou said overseas investment was less attractive for domestic investors due to a bullish stock market in China and the still high expectation of the yuan appreciation.

Frank Gong, an economist of JPMorgan Securities, said nearly US$100 billion will be invested in overseas markets through a QDII scheme in a few years.

"China's current account surplus is more than US$250 billion annually, and the government must expand the outflow of foreign exchange if it wants to relieve the appreciation pressure of the yuan," Gong said. "The QDII is a good and effective channel to invest China's forex."


(For more biz stories, please visit Industry Updates)



昌平区| 福泉市| 张北县| 龙江县| 依安县| 东乌珠穆沁旗| 同心县| 渭南市| 思茅市| 垫江县| 登封市| 苏尼特左旗| 方山县| 定边县| 柳江县| 宝应县| 长海县| 沾益县| 东乡县| 乐亭县| 荔波县| 句容市| 五峰| 城口县| 静安区| 云南省| 京山县| 布尔津县| 武定县| 山东省| 杂多县| 霞浦县| 浪卡子县| 铜陵市| 乐山市| 沛县| 镇远县| 怀来县| 光泽县| 金川县| 彩票|