- CNTV English - CCTV News

China unveils detailed RQFII rules

01-05-2012 14:15 BJT

Watch Video

Play Video

China's central bank has unveiled detailed rules on yuan-denominated investment activities in China, to pave the way for offshore yuan to flow back to its stock and bond markets.

The new guidelines on the implementation of the RQFII scheme comes after the first batch of investment quotas were granted in Hong Kong.

According to the new guidelines, foreign firms should open RQFII basic deposit accounts for settlement purposes, as well as RQFII special deposit accounts. These should be opened in a Chinese commercial bank qualified to act as a QFII custodian and settlement agent in the interbank bond market.

The firms can open three types of special accounts for transactions in the onshore stock and bond markets, and funds can be transferred between the accounts.


Editor:Zhang Rui |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program