Latest News:  


A-share market opens to Taiwan investors

By Chen Jia  (China Daily)

08:20, January 30, 2013

Guo Shuqing (left), chairman of the China Securities Regulatory Commission, shakes hands with Chen Yuh-chang, chairman of the Financial Supervisory Commission, in Taipei on Tuesday. The mainland will open its securities and futures markets to Taiwan investors through the Renminbi Qualified Foreign Institutional Investor program. Chen Zhentang / For China Daily

Mainland securities chief unveils proposal during landmark visit

The top securities regulator is ready to open the A-share market for Taiwan institutional investors holding offshore renminbi deposits, a senior official of the China Securities Regulatory Commission said on Tuesday.

The investment quota for renminbi qualified institutional investors, or RQFIIs, is likely to be 100 billion yuan ($16 billion), according to the commission.

Financial institutions from Taiwan will be able to hold as much as 51 percent, up from 49 percent, of the joint-venture brokerages' shares in Shanghai, Fujian and Shenzhen, said Tong Daochi, head of the international department of the commission, speaking in Taipei.

The commission is also considering allowing individual investors from the island to trade A shares on the Shanghai and Shenzhen stock exchanges.

The proposal was part of a policy package unveiled by commission Chairman Guo Shuqing during his first official visit to Taiwan which started on Monday.

The Shanghai Composite Index climbed 12.47 or 0.53 percent to 2358.98 at Tuesday's close, the highest since June 1, on news of the proposal.

Securities companies saw the largest increase compared with other sectors. China Merchants Securities Co Ltd hit the 10 percent ceiling, for the second day, on Tuesday.

Analysts said the internationalization of China's currency needs more offshore markets for support.

So far, the RQFII program only operates in Hong Kong. By the end of December, 24 financial institutions under the program had been approved, with a 67 billion yuan investment quota, according to the State Administration of Foreign Exchange.

Individual investors in Taiwan can directly invest in the mainland's dollar-denominated B-share market, and they can also buy yuan-denominated A shares through the qualified foreign institutional investor (QFII) program.

【1】 【2】

We recommend:

Wind power now No.3 energy resource

Software maker shows its dexterity

China caps first 3G nuclear plant

New Zealand moves to restore trust

Mobile apps chip away at SMS

Digital publishing sees solid growth in 2012


Leave your comment0 comments

  1. Name


Selections for you

  1. Submarine flotilla in torpedo rapid-support

  2. Soldiers in emergency military drill

  3. The world in photos (2013.1.21-1.27)

  4. Panda 'Yaya' trained in China's Shaanxi

  5. Buildings collapse after subsidence

  6. Dense fog stages a choking comeback

  7. Hangzhou Song and Dance Troupe

  8. Glamor actresses in 'Legend of Zhen Huan'

  9. China to build its first third-generation nuclear plant

  10. Nation's wind farms heading offshore

Most Popular


  1. Cities should keep memories of yesterday
  2. Single children 'little emperors'
  3. Domestic lenders need global outlook
  4. Flu awareness still lacking in China
  5. 'China's demographic dividend disappearing'
  6. Purpose of Japanese politicians' China tour
  7. Why world focus on China's anti-corruption
  8. Japan PM: Door open for talks with China
  9. Y-20 marks transformation of PLA air force
  10. Is UK's withdrawal from EU a show?

What’s happening in China

Buildings collapse after subsidence in S China

  1. Kids more vulnerable to environment
  2. Flu awareness comes in from the cold
  3. S China official expelled from CPC for bribery
  4. 91% of Shanghai's job-related crime is corruption
  5. China launches fire risk campaign