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

China to launch RQFII trials

Updated: 2011-12-17 14:44

(Xinhua)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

BEIJING - China issued rules for pilot programs of RMB Qualified Foreign Institutional Investors (RQFII) on Friday, formally giving a green light to investment of overseas RMB funds in mainland securities markets.

The move is expected to widen the investment channel of overseas RMB funds and add new momentum to the country's bid to make the RMB an international currency.

Hong Kong subsidiaries of fund management companies and securities firms can use RMB funds raised in Hong Kong to invest in mainland securities within a permitted quota, according to the rules jointly released by the China Securities Regulatory Commission (CSRC), the People's Bank of China and the State Administration of Foreign Exchange.

The total investment quota of RQFII pilot programs is set at around 20 billion yuan ($3.15 billion), according to the rules.

To control risks, qualified investors should invest no less than 80 percent of the RMB funds they raised in fixed-income securities, while investment in stocks and equity funds should account for no more than 20 percent.

The CSRC will join other related departments to study the possibility of further expanding the trial program after its launch, said a CSRC official who declined to be identified.

The launch of the RQFII will open another significant channel for overseas RMB funds to flow back into the country, said the CSRC official.

It will also help diversify investment products for overseas RMB funds and facilitate off-shore RMB business, the official said.

The RMB is not fully convertible under the capital account but China has stepped up efforts to make the currency more international over the past few years.

The government has encouraged the use of the RMB in cross-border trade and investment settlement and approved foreign direct investment in overseas RMB funds obtained overseas.

It also allowed Hong Kong to establish an offshore yuan market and has expanded trade settlement agreements and currency swaps to create more channels for the yuan to circulate outside the mainland.

泾阳县| 三门峡市| 册亨县| 禹州市| 肇州县| 古浪县| 博罗县| 交口县| 平昌县| 陈巴尔虎旗| 万安县| 江达县| 奉贤区| 江口县| 平遥县| 昌乐县| 铜川市| 定襄县| 濮阳县| 周至县| 客服| 濮阳市| 措勤县| 乌拉特前旗| 冷水江市| 城步| 吉林市| 灵宝市| 大渡口区| 西和县| 巍山| 长海县| 安远县| 邓州市| 全州县| 宁明县| 水城县| 兴仁县| 瑞丽市| 拉萨市| 都匀市|