|
BIZCHINA> News
![]() |
|
China to relax rules on foreign investment in securities
(Xinhua)
Updated: 2008-04-09 09:30 Chinese foreign exchange regulator is to loosen its control over the Qualified Foreign Institutional Investor (QFII) program, which allows overseas institutions to invest in Chinese securities market. The State Administration of Foreign Exchange (SAFE) is revising rules concerning restrictions on QFII money, and may cut down the lock-up period required before QFII money is allowed to invest in the mainland market, the financial website Hexun quoted SAFE deputy head Li Dongrong as saying on Tuesday. No timetable for implementation of the reforms was given, nor were further details of how it would be carried out released. It would be another major move in China's plan to further develop its capital market through the introduction of QFII system since 2002, after the regulator tripled the investment quota from $10 billion to $30 billion in December last year, analysts said. (For more biz stories, please visit Industries)
|
溆浦县| 永昌县| 多伦县| 江陵县| 乳山市| 新河县| 盐城市| 彰武县| 延庆县| 信阳市| 柏乡县| 井冈山市| 阿合奇县| 溧水县| 修文县| 江城| 阿城市| 金堂县| 邯郸县| 灵石县| 昔阳县| 五常市| 杭锦后旗| 会理县| 永川市| 商南县| 鄯善县| 华亭县| 石柱| 巧家县| 蓬安县| 全南县| 嫩江县| 新源县| 崇信县| 江陵县| 石泉县| 河曲县| 遂昌县| 成都市| 临夏县|