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

   

Regulator to expand QDII quota

By Shangguan Zhoudong (chinadaily.com.cn)
Updated: 2007-07-05 16:12

China's foreign exchange authority will grant more overseas investment quotas to qualified domestic institutional investors (QDII), China Business News reported today, citing a senior forex official.

Li Dongrong, deputy director of the State Administration of Foreign Exchange, the country's forex watchdog, said yesterday in Hunan Province that China has granted overseas investment quotas totaling US$20.5 billion to a total of 24 QDIIs so far.

Special coverage:
Markets Watch
 
Red Chips Return

Related readings:
 ICBC raises $585m in China's largest QDII fund
 First fund managed QDII product seeking go-ahead
 QDII expanded to include securities, fund companies
 
Limits on QDII's H-share investment to ease

Specifically, 19 banks have been approved to buy foreign exchanges worth US$14.8 billion on behalf of their clients for overseas investment, and four insurers and one fund company have been granted quotas of US$5.2 billion and US$500 million respectively.

Li also said that the amendment to management measures on insurers' foreign investment had been completed and the revised regulation will be released soon.

Currently, banks, securities companies, funds and insurance companies are allowed to invest in stocks and funds in overseas markets.

Morgan Stanley China strategist Jerry Lou said overseas investment was less attractive for domestic investors due to a bullish stock market in China and the still high expectation of the yuan appreciation.

Frank Gong, an economist of JPMorgan Securities, said nearly US$100 billion will be invested in overseas markets through a QDII scheme in a few years.

"China's current account surplus is more than US$250 billion annually, and the government must expand the outflow of foreign exchange if it wants to relieve the appreciation pressure of the yuan," Gong said. "The QDII is a good and effective channel to invest China's forex."


(For more biz stories, please visit Industry Updates)



望奎县| 建宁县| 澄江县| 武穴市| 二连浩特市| 淳安县| 北川| 岳阳县| 四子王旗| 同仁县| 庆云县| 长岭县| 开阳县| 宝坻区| 徐闻县| 和龙市| 广元市| 阿拉善右旗| 峨眉山市| 张北县| 将乐县| 贵港市| 锡林郭勒盟| 防城港市| 桦川县| 招远市| 黔西县| 盐池县| 大同县| 丰城市| 陆川县| 万州区| 咸阳市| 庆城县| 连山| 探索| 吕梁市| 开原市| 宁安市| 辽阳县| 黑山县|