综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

China speeds up preparation of RQFII scheme

Updated: 2011-11-29 10:00

(Xinhua)

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

BEIJING - The preparation for RMB Qualified Foreign Institutional Investors (RQFII) scheme has sped up following the slowdown of hot money inflow in October, said sources with the China Securities Regulatory Commission(CSRC).

Relevant government departments, including the CSRC, the central bank and the State Administration of Foreign Exchange, have reached agreement on the RQFII mechanism, which allows qualified investors to raise money in RMB from the Hong Kong market and invest in domestic A-share and bonds market, said the sources.

The RQFIIs will be allowed to invest in mainland securities markets with an initial size of 20 billion yuan ($3.15 billion), Vice Premier Li Keqiang announced during his Hong Kong visit in August.

Preparation for the RQFII scheme has picked up pace as yuan funds stemming from foreign exchanges dropped in October on a month-on-month basis for the first time in nearly four years, said sources.

The figure decreased by 24.9 billion yuan last month from September, said the People's Bank of China (PBOC), the country's central bank.

Previously, the inflow of hot money put great pressure on the country's foreign currency control and thus the preparation for the RQFII scheme has been going slowly.

The new mechanism is expected to cast positive impact on China's A-share market in the long run, analysts said. But they pointed out that the initial 20-billion-yuan quota is only a "small" amount, and the A-share market will not benefit much from it in the short term.

However, the launch of the RQFII mechanism opens a window for overseas investors to purchase stocks in the A-share market. As one of the investment channels, the RQFII program would reduce investment barriers and attract more funds to the Chinese mainland's capital market.

Statistics show that the amount of yuan-denominated savings in Hong Kong reached 622.2 billion yuan at the end of September, a sharp rise from 314.9 billion yuan in 2010.

黄平县| 佛坪县| 宣化县| 徐州市| 三原县| 沙田区| 兴山县| 独山县| 五大连池市| 木里| 佛教| 古田县| 都兰县| 阳西县| 建昌县| 策勒县| 左权县| 仁寿县| 昌宁县| 汶上县| 江陵县| 芒康县| 休宁县| 丹寨县| 邢台市| 四子王旗| 澎湖县| 中方县| 通州市| 闸北区| 嘉兴市| 靖安县| 通州市| 马公市| 万盛区| 高清| 比如县| 中方县| 合川市| 颍上县| 耿马|