In­vest­ment quota rules re­laxed

China Daily (USA) - - BUSINESS -

China re­laxed quo­tas for qual­i­fied for­eign in­sti­tu­tions to in­vest in its stock mar­ket on Mon­day, in the coun­try’s lat­est ef­forts to open up its fi­nan­cial sec­tor. For­eign in­vestors in the coun­try’s Ren­minbi Qual­i­fied For­eign In­sti­tu­tional In­vestor pro­gram will be granted quota lim­its based on their ag­gre­gate as­sets, said a doc­u­ment is­sued by the Peo­ple’s Bank of China and the State Ad­min­is­tra­tion of For­eign Ex­change. Pre­vi­ously, the RQFII quota was sub­ject to ap­proval from fi­nan­cial reg­u­la­tors. In­sti­tu­tions will still have to ap­ply for ex­tra in­vest­ment quo­tas, said the doc­u­ment.

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