Foreign investors get $50 billion boost

| BY

clpstaff &clp articles

The CSRC has raised the amount available to qualified foreign institutional investors to $80 billion. The $50 billion increase is the largest since the launch of the pilot programme in 2002.

The qualified foreign institutional investor (QFII) programme allows investors to buy Chinese securities, stocks and bonds. It targets long-term investors such as insurance companies, pension funds, asset managers, securities firms and banks.

When China joined the World Trade Organization (WTO) back in 2001, the government pledged that it would award $30 billion in QFII quotas by 2013, which it has now surpassed. The decision to more than double the amount is a strong sign that the government and CSRC are committed to further opening up the country's capital markets.

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