Latest News:  
Beijing   Sunny/Cloudy    16 / 6 ℃  City Forecast

English>>China Business

China likely to significantly expand RQFII quota: regulator


08:14, November 12, 2012

BEIJING, Nov. 10 (Xinhua) -- China's securities authorities announced Saturday that it has "agreed in principle" to expand its RMB Qualified Foreign Institutional Investors (RQFII) pilot program by increasing the investment quota by 200 billion yuan (31.74 billion U.S.dollars).

The RQFII program has faced strong demand from overseas investors since its launch late last year, and the current 70 billion yuan quota is running out due to the enthusiastic investors, said a spokesperson with the China Securities Regulatory Commission (CSRC).

The RQFII mechanism, which was launched in December 2011 to widen investment channels for overseas yuan funds on the Chinese mainland, allows qualified investors to invest yuan-based funds raised in Hong Kong in the mainland securities market within a permitted quota.

The government departments are also mulling over details of relevant rules of the RQFII program, such as loosening restrictions to allow more institutions to take part in the scheme, said the spokesperson.

Meanwhile, the CSRC is considering implementing differential taxation on personal profits from securities trading to encourage long-term investment, which has gained approval from relevant departments, the official said.

The CSRC has worked with the Ministry of Science and Technology to formulate policies that help evaluate scientific achievements or intellectual information in terms of share value or capital investment.

Scientific and technical personnel in enterprises are encouraged to enjoy profits from their achievements, and their shares at the enterprises should be confirmed according to laws and regulations, said the CSRC spokesperson.

Recommended Features:
[Special]'Made in China' Revisited From 'Made in China' to 'Created in China' A Journey to Cultural Renaissance
Gold collection issued to mark 'Year of Snake' China: A Fast-growing Force in IPR IPR in China: Local Roots Bearing Global Fruits
China Int'l Industry Fair opens in Shanghai Caofeidian coal wharf put into use Canton Fair wraps up on Sunday


Leave your comment0 comments

  1. Name


Selections for you

  1. Weekly review of military photos

  2. Chinese navy conducts joint exercise

  3. The world in photos (11.2-11.08)

  4. Shanxi's grain production to hit record high

  5. Heavy snowfall hits N China's Hohhot

  6. October export growth accelerates, imports steady

  7. Shanghai Int'l Puppet Festival opens

  8. Everyday health hazard

Most Popular


  1. Growth of for-profit hospitals should be limited
  2. Mahjong: to protect or to crack down?
  3. Commertary: Finding a dynamic balance
  4. Central bank to use more open-market operation
  5. Commentary: Have confidence in China
  6. Chicagoans await election with mixed feelings
  7. Confident beginning paves way for happy marriage
  8. How many 'Anna Kareninas' lost in marriage
  9. 'Summer Palace' not labeled as speculations
  10. Govt still needs hand in rare earths

What’s happening in China

Heavy snowfall hits N China's Hohhot

  1. More blizzards expected in NE China
  2. China Exclusive: Life under cold snap
  3. Property policy leads to divorce boom in SW China
  4. Shanxi's grain production to hit record high
  5. Mixed joy club