Latest News:  
Beijing   Sunny/Cloudy    13 / 1 ℃  City Forecast

English>>Business

China urged to open its capital market wider

(Shanghai Daily)

11:16, December 08, 2012

CHINA should further open up its capital market to foreign institutional investors in order to invigorate the country's equity market, a senior economist said yesterday.

"Investment by overseas institutional investors will add impetus to the development of China's equity market that has stuck in the doldrums despite a robust economy," Chen Xingdong, chief economist with BNP Paribas Corporate & Investment Banking, told a financial forum held by Hexun.com in Shanghai yesterday.

"Long-term investment by foreign institutions will help stabilize the nation's equity market," said Chen, noting that the quota granted under the Qualified Foreign Institutional Investors (QFII) scheme, a main gateway to China's capital market, is still far from enough although the government accelerated QFII approvals.

China issued QFII licenses to seven foreign institutions in November, bring the total number to 199, data from the China Securities Regulatory Commission showed.

Total QFII investment reached US$33.6 billion, accounting for less than 2 percent of the A-share market, compared with 22 percent in the Malaysian market and 36 percent in the Korean market.

We recommend:

'Boeing Dreamliner riddled with errors

HK tops China City Competitiveness Ranking

China's electric rail mileage ranked world's first

10th China Int'l Automobile Exhibition concludes

Harbin-Dalian high-speed railway starts operation

New wave of communication tools

Alibaba's 2012 transaction volume hits 1 trln yuan

China's savings rate world's highest

iPhone 5 launch event held in Seoul, S. Korea

Email|Print|Comments(Editor:朱蕤、梁军)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. China, Belarus hold joint anti-terrorism drill

  2. Joint search and rescue exercise held

  3. Cities with highest life quality in the world

  4. Photos: China in 1942, a real history

  5. 'Devil' foreign instructors

  6. iPhone 5 launch event held in Seoul

  7. Who is the richest Chinese writer in 2012?

  8. Selected photos: Mongolia today

Most Popular

Opinions

  1. BRICS economies are not fading
  2. Debate over gaokao policy heats up
  3. A survey on lunch in Beijing's primary schools
  4. China on course for stable growth: JP Morgan
  5. School needs be responsible for teachers' behaviors
  6. Big burden seen in 'irrational' property tax
  7. Confidence rises for China-Africa co-operation
  8. What has 'Taobao Culture' brought us?
  9. Telecommuters challenge workplace norms
  10. Old school ties, business opportunities?

What’s happening in China

'Devil' foreign instructors at Chinese bodyguard training camp

  1. Blizzard to hit coastal Shandong
  2. Web China: "Top 10 concerns" survey
  3. Natural disasters impact 1.76 mln Chinese in Nov.
  4. 8 officials suspended over mine accident
  5. Police to minimize traffic controls for officials' trips