China relaxes QFII rules to attract overseas investment
(Xinhua)
Updated: 2006-08-26 11:37
China announced Friday its revised rules on qualified foreign institutional
investors (QFII) in a bid to attract more non-speculative overseas investment
for its stock markets.
Under the new rules, more overseas foreign
institutional investors will be eligible as qualified investors in the Chinese
A-share markets as the threshold for QFII was slashed significantly.
The
China Securities Regulatory Commission, which made public the rules in
cooperation with the country's foreign exchange watchdog and the central bank,
said it will also increase the quota of foreign investment in the Chinese stock
markets.
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