For­eign­ers can get big­ger stakes in com­pa­nies

China Daily (Canada) - - NEWSCAPSULE -

For­eign in­vestors can own more of a listed Chi­nese com­pany af­ter rules were re­laxed to at­tract long-term over­seas cap­i­tal.

Qual­i­fied For­eign In­sti­tu­tional In­vestors (QFII) and Ren­minbi Qual­i­fied For­eign In­sti­tu­tional In­vestors (RQFII) can hold up to 30 per­cent of a com­pany, un­der a guide­line is­sued by the Shang­hai Stock Ex­change. That is an in­crease from an ear­lier cap of 20 per­cent of to­tal out­stand­ing shares in a com­pany.

For­eign in­vestors will soon be able to in­vest in more fi­nan­cial prod­ucts, in­clud­ing as­set-backed se­cu­ri­ties and pre­ferred shares, ac­cord­ing to the author­ity.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.