31-03-2014, 09:18 PM
Opening up the capital account bit by bit...
China raises foreign institutional investor quota by US$4.5b in March
31 Mar 2014 16:41
[BEIJING] China granted US$85.9 billion in fresh quotas to licensed overseas institutional investors in March, data released on Monday by the State Administration of Foreign Exchange (SAFE) showed.
A sum of US$53.6 billion was issued under the dollar-denominated Qualified Foreign Institutional Investor (QFII) programme, with 200.5 billion yuan (US$32.3 billion) issued under the Renminbi Qualified Foreign Institutional Investor (RQFII) programme.
Institutional investors need to apply for a licence from the securities regulator to seek investment quotas from the foreign exchange regulator. - Reuters
Source: Business Times Breaking News
China raises foreign institutional investor quota by US$4.5b in March
31 Mar 2014 16:41
[BEIJING] China granted US$85.9 billion in fresh quotas to licensed overseas institutional investors in March, data released on Monday by the State Administration of Foreign Exchange (SAFE) showed.
A sum of US$53.6 billion was issued under the dollar-denominated Qualified Foreign Institutional Investor (QFII) programme, with 200.5 billion yuan (US$32.3 billion) issued under the Renminbi Qualified Foreign Institutional Investor (RQFII) programme.
Institutional investors need to apply for a licence from the securities regulator to seek investment quotas from the foreign exchange regulator. - Reuters
Source: Business Times Breaking News