China's foreign exchange regulator announced late on Friday new draft rules governing investment quotas for the Qualified Foreign Institutional Investors (QFII), raising the upward limit for individual institutions to $1 billion from the existing $800 million.
Qualified Foreign Institutional Investors ("QFII's") The QFII system permits certain types of qualified foreign investors to invest in local currency and use specific accounts to invest in local Chinese securities markets.
Advantages over prior QFII regime Prior to the Measures, the only investors that were permitted to purchase A-shares listed on the PRC stock exchanges were qualified foreign institutional investors ("QFII") pursuant to the Interim Measures for the Administration of Securities Investments by Qualified Foreign Institutional Investors in China promulgated by the CSRC and the People's Bank of China on November 5, 2002 (the "QFII Measures").
PAMC), the company's investment management business in Seoul, South Korea, was granted a Qualified Foreign Institutional Investors (QFII) license from the China Securities Regulatory Commission (CSRC) on April 11.
China still limits foreigners' purchases of the yuan-denominated stocks that make up the biggest share of the markets, though that is gradually changing as regulators allow increasing participation by so-called qualified foreign institutional investors.
A recent joint circular issued by the China Securities Regulatory Commission ("CSRC"), the Ministry of Finance and the State Economic and Trade Commission ("SETC") announced China's Qualified Foreign Institutional Investors ("QFII") program, which lifts the ban on foreign investment in the A-Share market, including listed A-shares as well as listed treasury, convertible and corporate bonds (collectively, "A-Shares").
Contents inside Report are: Foreword Types of Stock Stock Market Overview Perspective: Cleaning up China's markets Q&A: Qualified Foreign Institutional Investors (QFII) Brokerages Blue Chips Mutual Funds Q&A: Mutual Funds Stock Focus User Guide Definitions and Methodologies Company Data Companies listed alphabetically by name Stock Market Timeline Useful Websites Abbreviations Regulatory Bodies Alphabetical Company Index Stock Code Company Index For more information visit http://www.
