Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

China combines schemes to broaden scope for investment from abroad

share with twitter share with LinkedIn share with facebook
09/25/2020 | 10:35am EDT
Illustration photo of a China yuan note

China moved to further ease foreign access to its capital markets on Friday, officially combining two major inbound investment schemes and broadening the scope for foreign institutional investment.

The finalised rules, published by The China Securities Regulatory Commission (CSRC), the central bank and the foreign exchange regulator, combine the Qualified Foreign Institutional Investor (QFII) scheme and its yuan-denominated sibling, RQFII. The schemes channel foreign capital into Chinese stocks and bonds.

The new rules, which will take effect on Nov. 1, would also expand investment scope under the combined scheme.

China is accelerating reforms and the opening-up of its capital markets as part of efforts to promote global use of the yuan currency while trade and diplomatic ties with the United States remain strained.

The rules also lower the threshold for overseas applicants and simplify the vetting process.

Investors will be allowed to buy securities traded on Beijing's New Third Board and invest in private funds or conduct bond repurchase transactions.

In addition, foreign institutions will also have access to derivatives, including financial futures, commodity futures and options, according to the new rules.

The draft rules were published in January 2019.

(Reporting by Samuel Shen and Luoyan Liu; Editing by Alex Richardson)


Stocks mentioned in the article
ChangeLast1st jan.
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.06% 6.7215 Delayed Quote.-3.77%
US DOLLAR / CHINESE YUAN RENMINBI (USD/CNY) -0.10% 6.7054 Delayed Quote.-3.98%
share with twitter share with LinkedIn share with facebook
Latest news "Economy & Forex"
06:50pLeading Cybersecurity Expert Kate Fazzini Joins IMPACT! Podcast Guestlist
BU
06:35pWORLD BANK : Working Together for Resilience and Economic Growth in the Sava and Drina Corridors
PU
06:33pLouisiana hunkers down as storm Zeta takes aim at state
RE
06:33pU.S. telecoms regulator to vote to split key spectrum block between autos, Wi-Fi
RE
06:30pGALP ENERGIA SGPS S A : and BM-S-11 partners agree on a new Field Development Plan for Tupi and Iracema
PU
06:21pFormer New York City accountant who admitted aiding al Qaeda to be released from prison early
RE
05:55pBrexit talks at most difficult point, European Council President Michel says - Telegraph
RE
05:40pCENTRAL BANK OF TRINIDAD AND TOBAGO : Public Notice - Introduction of the New Polymer $5, $10 and $20 Notes
PU
05:37pLiberty Oilfield reports smaller-than-expected loss, sees frac fleet growth
RE
05:36pUtilities Shares Trade Nearly Flat, Beating Broader Market -- Utilities Roundup
DJ
Latest news "Economy & Forex"