Comments 
Print 
Mail 
Large Medium SmallThe State Administration of Foreign Exchange approved a combined quota of 26.1 billion yuan ($4.25 billion) for applicant projects under programs of Qualified Foreign Institutional Investors (QFII) and Renminbi Qualified Foreign Institutional Investors (RQFII) on July 26, a circular on the regulator's official website said.
The circular dated July 31 said that by the end of July, total approved quota for QFII reached $44.95 billion, and quota for RQFII increased to 121.9 billion yuan.
Analysts said mounting quotas for QFII and RQFII shows foreign investors' increasing interest in China's A-share market, and the money injected will help the recovery of China's sluggish stock market.
SAFE announced on July 12 that the regulator will expand total quota of QFII to $150 billion, and also expand pilot areas of the program.
Expansion of quota for QFII and RQFII programs is part of China's capital market opening up, analysts said.
China's capital market may benefit from QFII and RQFII in terms of learning from their foreign counterparts’ investment strategies, analysts said.
Combating sunstroke in the capital
Fishermen cast off as summer fishing ban ends
Yi ethnic group celebrate Torch Festival
Typhoon Jebi barrels down on Hainan Island
Wolf man of the mountains with 80 wolves
Lightning illuminates the cities
Rare glimpse into life protecting East China Sea
Lushan builds hope from rubble of despair
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
