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 06:21

(Xinhua)

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

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

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

Hong Kong subsidiaries of fund management companies and securities firms can use renminbi 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 renminbi 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 renminbi funds to flow back into the country, said the CSRC official.

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

The renminbi 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 renminbi in cross-border trade and investment settlement and approved foreign direct investment in overseas renminbi 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.

綦江县| 铁力市| 巴中市| 晋宁县| 琼海市| 庐江县| 出国| 富顺县| 武宁县| 中超| 马龙县| 海门市| 渭南市| 新密市| 曲阳县| 资兴市| 乡宁县| 蕉岭县| 磐石市| 清新县| 巍山| 鄄城县| 清苑县| 淮滨县| 屏东县| 淄博市| 城固县| 五寨县| 漳州市| 察隅县| 页游| 济南市| 隆昌县| 棋牌| 东海县| 南阳市| 得荣县| 五家渠市| 通榆县| 全南县| 济源市|