Latest News:  


Faster nod for QFII to tap capital market

By Ye Zhen (Shanghai Daily)

08:24, June 18, 2013

China has accelerated approval for foreign investors to tap the domestic capital market as the country tries to attract more long-term overseas investment.

Five Qualified Foreign Institutional Investors got the green light in May to invest in yuan-denominated stocks, data from the China Securities Regulatory Commission showed yesterday. That was an increase from three in April and brought the total number of QFIIs to 225.

Earlier this month, the State Administration of Foreign Exchange said China granted US$1.3 billion worth of investment quotas to QFIIs in May, up from US$137 million in April.

Overseas appetite for China's A shares has also recovered as equity markets improved.

In May, participants in the QFII program opened 22 accounts to trade A shares, second only to 26 accounts - the most so far this year - opened in March, the China Securities Depository and Clearing Corp said.

The average return of funds under the QFII scheme rose 5.34 percent in May while the Shanghai Composite Index gained 5.63 percent, said research firm Lipper & Co, a subsidiary of Thomson Reuters.

In the past decade, the QFII scheme has witnessed a more than 10-fold increase in the number of participants and the size of approved investment quotas.

We Recommend:

Fortune Global Forum's guests visits panda

China calls for dialogue after EU solar panel duties

China-South Asia Expo opens in SW China

Huawei launches flagship smartphone Ascend Mate

3D printing gallery opens in Chongqing, SW China

White collars setting up stalls become popular

B787 Dreamliner misses maiden voyage in China

Computex Taipei 2013 exhibition kicks off

12 Asian business women: Intelligent and beautiful

Email|Print|Comments(Editor:WangLili、Gao Yinan)

Leave your comment0 comments

  1. Name


Selections for you

  1. People welcome Chinese destroyer

  2. Soldiers in joint military training

  3. Protesters stage anti-gov't rally in Bangkok

  4. Double life: Editor with a rock heart

  5. Photos: The ordinary love

  6. Triplet red pandas' life in Fuzhou

  7. China wins mixed doubles title

  8. Amazing scenery of Yamzhog Yumco Lake

  9. Daring new collections hit fashion shops

  10. Calling for new type of industry

Most Popular


  1. Keeping a watchful eye on Japan’s 'new cold war'
  2. In praise of graffiti and holiday photos
  3. The thinking behind U.S. surveillance programs
  4. China's space program less costly
  5. SCO chief lauds Harbin fair's co-op contribution
  6. Calling for new type of industry
  7. China is the largest buyer of high-end cameras
  8. Bright future for white spirits
  9. Guangming Daily: Never abandon the mass line
  10. What has historical materialism told us?

What’s happening in China

The Bund turns into beach as the temperature reaches high

  1. Majority of top students not prominent in careers
  2. HIV/AIDS spreading to younger people in Taiwan
  3. Food safety official in pesticides warning
  4. Cops crack down on fake medicine at adult stores
  5. SCO states conclude disaster relief drill