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

Business / Markets

Strong demand for yuan ETF signals A-shares appetite

(Agencies) Updated: 2012-11-09 10:24

China Southern and Oriental Patron, an asset management firm, has taken up its full 10 billion yuan ($1.60 billion) quota under the renminbi Qualified Foreign Institutional Investor?scheme to invest in China's A-share market through a yuan exchange-traded fund.

The strong demand for the fund suggests a renewed appetite for Chinese mainland equities amid signs that growth in the world's second-largest economy is stabilising.

"China's macro economy is displaying a clearer picture now and the onshore A-share stock market has shown stronger momentum, which has led to very active trading," Ding Chen, chief executive officer of CSOP Asset Management, said in a statement late on Wednesday.

Under the RQFII scheme launched last year, qualified overseas institutional investors are permitted to channel their offshore yuan funds raised overseas, mainly in Hong Kong, into the mainland stock and bond markets.

CSOP was granted an additional 3 billion yuan RQFII quota by China's State Administration of Foreign Exchange recently due to strong demand for the yuan exchange-traded fund, but the fresh quota was exhausted within days.

In the past month, the CSOP yuan ETF's average daily trading volume reached 119 million yuan and on Nov 2, the volume reached 500 million yuan, according to the company.

The company also said the CSOP A50 Exchange-Traded Fund that tracks the FTSE Xinhua China A50 index has added a Hong Kong dollar trading counter from Thursday in addition to the yuan trading counter launched in August.

The CSOP A50 ETF's Hong Kong dollar counter traded at HK$9.22 on its debut and closed at the same level on Thursday, while its yuan counter closed at 7.41 yuan.

Mainland introduced the RQFII scheme in 2011 with an initial quota of 20 billion yuan and raised that to 70 billion yuan this year to give foreign investors more exposure to the onshore yuan assets.

Mainland media reported that Beijing is considering adding a further 100 billion to 200 billion yuan to the scheme, following a request from financial authorities in Hong Kong.

The other ETFs investing in the mainland stock market are ChinaAMC CSI 300 Index ETF, E Fund CSI 100 A-share Index ETF, and Harvest MSCI China A Index ETF.

Hot Topics

Editor's Picks
...
徐闻县| 敦煌市| 腾冲县| 惠水县| 剑川县| 麦盖提县| 称多县| 蒙自县| 九龙坡区| 莆田市| 苏尼特右旗| 于都县| 高邑县| 麻江县| 新竹市| 句容市| 庆安县| 巴马| 湖口县| 旅游| 潢川县| 柞水县| 兴安盟| 勃利县| 棋牌| 普定县| 内黄县| 涿州市| 邯郸县| 萨嘎县| 双城市| 曲水县| 靖州| 五莲县| 彭阳县| 司法| 建水县| 桦南县| 奇台县| 封开县| 海原县|