男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

China to launch RQFII trials

Updated: 2011-12-17 06:21

(Xinhua)

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

BEIJING - China issued rules for pilot programs of renminbi Qualified Foreign Institutional Investors (RQFII) on Friday, formally giving a green light to investment of overseas renminbi funds in mainland securities markets.

The move is expected to widen the investment channel of overseas renminbi funds and add new momentum to the country's bid to make the renminbi an international currency.

Hong Kong subsidiaries of fund management companies and securities firms can use renminbi funds raised in Hong Kong to invest in mainland securities within a permitted quota, according to the rules jointly released by the China Securities Regulatory Commission (CSRC), the People's Bank of China and the State Administration of Foreign Exchange.

The total investment quota of RQFII pilot programs is set at around 20 billion yuan ($3.15 billion), according to the rules.

To control risks, qualified investors should invest no less than 80 percent of the renminbi funds they raised in fixed-income securities, while investment in stocks and equity funds should account for no more than 20 percent.

The CSRC will join other related departments to study the possibility of further expanding the trial program after its launch, said a CSRC official who declined to be identified.

The launch of the RQFII will open another significant channel for overseas renminbi funds to flow back into the country, said the CSRC official.

It will also help diversify investment products for overseas renminbi funds and facilitate off-shore renminbi business, the official said.

The renminbi is not fully convertible under the capital account but China has stepped up efforts to make the currency more international over the past few years.

The government has encouraged the use of the renminbi in cross-border trade and investment settlement and approved foreign direct investment in overseas renminbi funds obtained overseas.

It also allowed Hong Kong to establish an offshore yuan market and has expanded trade settlement agreements and currency swaps to create more channels for the yuan to circulate outside the mainland.

主站蜘蛛池模板: 合阳县| 石林| 绥宁县| 海城市| 政和县| 滁州市| 光泽县| 桓台县| 海阳市| 旌德县| 大丰市| 秦皇岛市| 绥中县| 依安县| 五大连池市| 奎屯市| 乡宁县| 新津县| 鱼台县| 武城县| 绥滨县| 澄江县| 鹤峰县| 姜堰市| 云龙县| 临邑县| 威宁| 卓尼县| 绥江县| 珲春市| 宁城县| 阿勒泰市| 伊吾县| 龙山县| 文安县| 盐源县| 绩溪县| 桂阳县| 客服| 嵩明县| 准格尔旗|