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

chinadaily.com.cn
left corner left corner
China Daily Website

QFIIs may get crack at index futures market

Updated: 2012-12-21 10:51
By Wu Yiyao in Shanghai ( China Daily)

Futures Exchange reported to be sounding out interest from leading foreign fund managers

The China Financial Futures Exchange is considering a proposal to allow foreign financial institutions that manage the largest Qualified Foreign Institutional Investor funds to trade in the stock index futures market, according to a Securities Times report on Thursday.

Although no schedule has been set for their admittance to the market, the exchange has been holding talks with leading foreign fund managers to sound out their interest in the futures market, the report said.

The report cited a source at the future exchange as saying foreign institutions could help boost the liquidity of the futures market and strengthen Shanghai's position as an international financial center.

China expanded its QFII program this year by admitting more foreign investors and lifting the investment limits placed on certain investors. The goal was to bring more vitality to the A-share market, on which yuan-denominated shares are traded.

The QFII program, the main means foreign investors to enter China's stock and bond markets, has been opening China's capital market to provide more opportunities to China's fund industry.

In November alone, QFIIs opened 12 A-share market accounts in Shanghai and Shenzhen, bringing the total number to 104 so far in 2012, according to statistics from China Securities Depository and Clearing Corp Ltd.

Unlike domestic investors, QFIIs may view the A-share market's current slump as an opportunity to hunt bargains, according to Pu Yonghao, Hong Kong-based regional chief investment officer for Asia Pacific at UBS Wealth Management.

Chinese authorities have been working to make it easier for QFIIs to invest in the stock market in recent years.

In April, regulators announced they were increasing the limit placed on QFII investments from $30 billion to $80 billion, and speeding up the approvals of investment quotas.

In October, as many as $2.8 billion worth of quotas were approved, more than 10 times the monthly average for the past three years.

On Dec 14, China's foreign exchange regulator announced it was removing the QFII program's former $1 billion limit on purchases of Chinese assets by foreign sovereign wealth funds, central banks and monetary authorities.

The regulator did not say what the new investment maximum will be for the affected foreign sovereign wealth funds, central banks and monetary authorities.

The A-share market has been battered in 2012, and is now down 60 percent from its peak in November 2007.

Although the capital from approved QFIIs makes up less than 3 percent of the total capital in China's stock market, the program's rapid expansion has been a boon for the mutual fund industry.

The increasing amount of QFII capital in China's stock market will add liquidity to the A-share market and give investors more confidence in China's fund industry, said Zhang Qi, analyst with Haitong Securities Co Ltd.

wuyiyao@chinadaily.com.cn

Related Readings

Regulators to raise QFII limit

More investors approved as QFIIs

China grants $2.8 billion quota to QFII in Oct

China pledges to expand QFII, RQFII programs

Regulator pledges to hasten QFII approvals

 
 
...
...
...
固安县| 呼图壁县| 天台县| 聊城市| 兰考县| 罗源县| 昆山市| 承德县| 定结县| 桑植县| 文成县| 焉耆| 商洛市| 昌都县| 安阳市| 延吉市| 昌江| 五华县| 林口县| 五家渠市| 汝城县| 河东区| 东兰县| 穆棱市| 镇巴县| 桐庐县| 桑日县| 辽源市| 武隆县| 大港区| 青州市| 习水县| 张北县| 靖安县| 尖扎县| 锦州市| 柘城县| 云龙县| 二手房| 丰县| 屯昌县|