CHINA: China QFII Investment Quota Increased by 50 Billion U.S.Dollars

Thursday April 5 2012

In 2002, the China Securities Regulatory Commission (CSRC) and the People’s Bank of China (PBOC) jointly issued the Provisional Measures on Administration of Domestic Securities Investment of China Qualified Foreign Institutional Investors, which kicked off the pilot China QFII scheme.

In order to meet the increasing demand of overseas investors, and to further promote the stable development and opening up of the Chinese capital market, a joint decision has been made by the CSRC, the PBOC and the State Administration of Foreign Exchange (SAFE), with approval from the State Council, to add another 50 billion U.S. dollars to the current level of investment quota, which will make the total China QFII investment quota stand at 80 billion dollars.

It has also been reported that in the future, as required by the Central Financial Work Conference to further open up the financial market, more measures will be adopted to facilitate the QFII investment scheme, so that more overseas long term capital will be attracted to China’s capital market.

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