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

Economy

China 'mini-QFII' may launch this year

(Agencies)
Updated: 2010-07-01 13:56
Large Medium Small

SHANGHAI - China may let Hong Kong subsidiaries of domestic brokerages and fund managers facilitate investments of offshore yuan deposits back into mainland capital markets in a pilot scheme as soon as this year, local media said on Thursday.

Under the scheme, dubbed "mini-QFII", institutions will be allowed to channel yuan held offshore into investments in China within certain quotas, the 21st Century Business Herald reported.

Currently, foreign investors can only invest in local-currency stocks and bonds in China under the Qualified Foreign Institutional Investor scheme, after converting foreign currencies into yuan.

Hong Kong-based banking sources told the newspaper that they expected the scheme to be implemented either by the end of this year or early 2011.

Yao Gang, the vice chairman of China's securities regulator, said last weekend that the government was studying how to promote the "mini-QFII" scheme, but did not give a timetable.

Related readings:
China 'mini-QFII' may launch this year QFII changes target buy-side investors
China 'mini-QFII' may launch this year First Eastern aims to pioneer QFII opportunity
China 'mini-QFII' may launch this year Limits up for QFII investors
China 'mini-QFII' may launch this year QFII investments set to soar

The scheme is part of China's plans to promote international use of the yuan, in order to reduce the country's reliance on the US dollar in cross-border transactions.

Those efforts include a separate program for allowing some foreign trade transactions to be conducted in yuan.

One of the constraints to the development of that program has been that businesses being paid in yuan have few places to park their money other than bank deposits, meaning that creating more opportunities to invest yuan could help in the development of those efforts as well.

The "mini-QFII" plan is likely to be limited to around 10 billion yuan initially, fund consultancy Z-Ben Advisors said in a research report on Wednesday.

The full-fledged QFII program, by comparison, enables institutional investors including UBS to invest a total of roughly $30 billion in China's capital markets.

贞丰县| 贡山| 长兴县| 遂平县| 鹤峰县| 登封市| 鹤峰县| 即墨市| 青冈县| 青河县| 武定县| 咸丰县| 肇源县| 乌鲁木齐县| 黄山市| 滦平县| 湄潭县| 奉新县| 焉耆| 个旧市| 雷波县| 浦东新区| 兰坪| 合川市| 广德县| 长阳| 商丘市| 托克逊县| 临邑县| 普兰县| 泰宁县| 临潭县| 上犹县| 洛隆县| 七台河市| 梁河县| 南皮县| 海阳市| 威信县| 武乡县| 滨州市|