Tuesday February 26 2013
News Source: Global Disclosures
Focus: Foreign Investment
Type: General
Country: China
China`s securities watchdog has reportedly completed arrangements to further liberalize the country`s stock markets by raising or removing the limits on investment by foreign institutional investors.
The China Securities Regulatory Commission has reportedly announced on Sunday that it will soon release details of the new rules under which China will allow more institutions to enter the scheme.
Currently, the China Renminbi Qualified Foreign Institutional Investor (RQFII) scheme is only open to fund management and securities firms.
Under the revised rules, China Renminbi Qualified Foreign Institutional Investors (RQFII) will no longer be required to put at least 80 percent of their funds into the domestic fixed income market.
This information will be updated as further details become available.