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

Business / CSRC to bolster up stock market

Policy easing to lure QFIIs

By Chen Jia (China Daily) Updated: 2012-06-16 09:29

Further policy easing is expected to attract more qualified foreign institutional investors to the mainland market preparing for the complete opening of the capital account, according to the top securities regulator.

The China Securities Regulatory Commission will soon publish revised regulations on qualified foreign institutional investors to accelerate the approval process, lower the requirement standards and expand the investment areas for overseas fund managers.

"It may allow investors under the QFII scheme to invest in China's inter-bank bond market and start the securities margin trading and short-selling business," a CSRC official said at a news conference on Friday.

"We welcome foreign long-term investment funds, such as pension funds and issuance funds, to invest in the A-share market," he said.

The CSRC said it granted new QFII licenses to 172 institutions on June 8.

So far this year, 30 foreign financial institutions have received the quota to expand their business under the QFII scheme.

The top securities regulator approved five licenses in April, compared with eight in March, the highest this year, according to the CSRC.

According to data from the State Administration of Foreign Exchange, 145 qualified foreign institutional investors had received a total investment quota of $27.2 billion by last Friday.

The quota approved this year now is nearly the same as the total quota approved in 2010 and last year, according to SAFE.

Currently, many overseas sovereign wealth funds and pension funds are showing great interest in investing in China, mainly targeting the stock market, the CSRC official said.

During the past 10 years, investments under the QFII scheme were stable, helping boost the domestic capital market in the long-term, through purchasing and holding blue-chips and other shares on the main board, said analysts.

"It also contributes to a completely convertible capital account in the future," said the CSRC official.

Earlier this year, the CSRC expanded the total QFII quota from $30 billion to $80 billion.

As QFII licenses are still limited, many foreign institutional investors expect Chinese authorities to continually expand the quota, according to the CSRC.

The regulator also vowed to develop the wealth management sector and promote the business development of fund management companies in China to allocate more funds into the real economy such as manufacturing and support economic growth.

chenjia1@chinadaily.com.cn

Hot Topics

Editor's Picks
...
博湖县| 镇原县| 柳林县| 镶黄旗| 平乡县| 紫阳县| 若尔盖县| 雅安市| 祁连县| 永兴县| 分宜县| 阳泉市| 宝鸡市| 将乐县| 察哈| 肇庆市| 北票市| 平武县| 依安县| 晴隆县| 盱眙县| 永昌县| 巢湖市| 泾阳县| 仪征市| 九寨沟县| 垦利县| 称多县| 沭阳县| 电白县| 崇文区| 青州市| 福贡县| 昌平区| 杭州市| 增城市| 南投市| 介休市| 定南县| 桂平市| 改则县|