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New QFII policy may attract more global capital

06-28-2010 11:02 BJT

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A new Qualified Foreign Institutional Investor policy is being considered by China's securities authority.

The new policy will allow for overseas Renminbi holders to invest in China's A share market, through Hong Kong-based securities funds. The policy gives overseas Chinese currency holders a new investment method in China, with a new quota.

Analysts say it's a trend attracting global capital to invest in the A share market. Many securities companies and funds based in the Chinese mainland who also have franchises in Hong Kong are applying for new quotas. Chinese authorities are also considering the feasibility of issuing Renminbi funds in Hong Kong.

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Editor:Xiong Qu |Source:

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