Three China exchanges embark on global roadshow
11 September 2012
News, Asia, China, Japan, Korea, USA, Europe
Three Mainland stock and futures exchanges have initiated roadshows in Europe, the US, Japan and Korea to promote the qualified foreign institutional investor (QFII) programme to overseas investors, according to a report from First Financial Daily on Monday (September 11).
Shanghai Stock Exchange Vice President Huang Yuan-hong, Shenzhen Stock Exchange General Manager Song Li-Ping, and China Financial Futures Exchange Deputy General Manager Li Zheng-qiang will introduce the latest, more relaxed version of the QFII programme to overseas institutional investors during the visit.
This comes after the China Securities Regulatory Commission lowered the QFII threshold in June, including reducing QFII asset requirements to US$500 million from $5 billion. The market watchdog has also granted an additional $50 billion in quotas for the scheme.
Up to August 13, the State Administration of Foreign Exchange has granted a total of $29.9 billion in QFII quotas to 152 foreign institutions.
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