NEWSGD.COM
Home | About Us | Contact Us | Site Map | Chinese
News | Biz | Pearl River Delta | Enjoy Life | Culture | Travelling | Pics | Cities & Towns | Gov Info | Specials
Current Home > Business > Biz Headlines
China's QFII investment quotas close to ceiling
Latest Updated by 2007-03-04 13:01:30
Related News
China to boost investment in rural road construction
Business News
China's QFII investment quotas close to ceiling
Stocks advance after slump
Citigroup exec quits to set up HK-based hedge fund

China's foreign exchange authority has granted investment quotas totaling 9.995 billion U.S. dollars to 49 qualified foreign institutional investors (QFII), reported Saturday's Shanghai Securities News.

The sum is close to the ceiling of 10 billion dollars the Chinese government set for QFIIs but three of the 52 registered QFIIs have not yet obtained investment quotas.

The State Administration of Foreign Exchange (SAFE) will soon draw up new regulations on QFIIs and increase the total investment quota, the report quoted unnamed analysts as saying.

"The new regulations under consideration may raise the ceiling on securities investment by foreign institutions to five to ten percent of the market value of the yuan-denominated A-share market, meaning 55 billion to 120 billion dollars will be gradually allowed to enter the A-share market over the next eight to ten years", said the report.

But the report also quoted unnamed experts as saying, "the A-share market does not lack capital" and "a sharp increase in the investment quotas is unlikely", considering the currently huge inflows of foreign capital and excess liquidity.

Six QFIIs - including Shinko Securities Co. Ltd., HSBC Investment (Hong Kong) Ltd., Sumitomo Mitsui Asset Management Co. Ltd. and GE Asset Management Co. - have acquired quotas totaling 950 million dollars so far this year.

The Chinese government launched the QFII program in 2003 to allow foreign institutional investors such as UBS and Deutsche Bank to engage in the securities business on the Chinese mainland.

The total investment quota for QFIIs increased from four billion to ten billion U.S. dollars in September 2005.

Editor: Donald

By: Source: China View website
Previous:    Next:Stocks advance after slump


China's top advisory body begins annual session


Flower fairs heat up festive atmosphere


[Guangzhou] Eight New Attractive Places of Liwan District Selected


Guangzhou-Foshan metro set up in the first half year


Stars on red carpet of 79th annual Academy Awards
This site contains material from other media for content enrichment purpose only.
The Southcn.com website do not endorse such content and do not bear the joint responsibility of their copyright infringement.
The views expressed in written material posted to the bulletin boards of Southcn.com are those of the authors and/or publishers. The Southcn.com website does not endorse information products posted by organizations and individuals here. The originators of these information products are solely responsible for their content.
For copyright infringement issues, you shall contact Southcn.com within thirty (30) days. Email: falv@southcn.com
If you find any error in this page, please drag your mouse to mark the text with error, then press "CTRL" and "ENTER", to inform us. Thanks for your help!
Home  |  About Us  |   Contact Us  |  Site Map  |  Chinese
©2005 WWW.NEWSGD.COM. All rights reserved.registered number 020074 Terms of Use | Advertise | ICP Certificate No.B2-20050252
Guangdong Gov Link
Guangdong Gov Brief
State Structure
Guangdong in Brief
Laws & Regulations
Exchange Rate
Guangdong Guide
   
Museum Museum
University University
Eat Eat
Shopping Duting
Night Life Night Life
Weather Weather
Phone No. Phone Num
Consulate Consulate
Airport Airport
Travel Tips Tours Tips