QFII participation in futures
(AFX)
Updated: 2006-07-13 09:56
China regulators are considering the extension of the qualified foreign
institutional investor (QFII) scheme to the futures market, the China Securities
News reported, citing sources familiar with the situation.
Regulators are studying the feasibility of QFII investment both in commodity
futures and financial futures, it said.
China is establishing an exchange dedicated to financial futures, and stock
index futures are expected to be launched first, it said.
Under the current QFII scheme, Chinese regulators have so far granted
approval to 42 overseas firms, including Deutsche Bank AG and HSBC Holdings, to
trade A- shares in more than 1,300 Shanghai- or Shenzhen-listed
firms.
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