The second batch of quotas for qualified foreign institutional investors (QFII), a scheme for foreign players to invest in the A-share market, is likely to be about $6 billion, an industry insider, who declined to be named, told China Daily on Friday.
The source said that the second batch of QFII quotas was being discussed, and pending approval by the Chinese government, was likely to be about $6 billion, not exceeding that of the last batch, which was $10 billion.
Hu Xiaolian, Deputy Governor of the central bank and Administrator of the State Administration of Foreign Exchange (SAFE), said earlier that related rules on the QFII scheme were being amended and the total QFII quota would certainly see an increase in 2007.
However, she declined to give a specific sum.
China has so far approved 52 overseas institutions as QFIIs to invest in the A-share market, of which 49 have got a combined investment quota of $9.995 billion from SAFE, near the upper limit of $10 billion as stipulated previously.
Industry insiders said the demand for QFII quotas was strong at present and more should be granted.
"Despite the excessive liquidity in the A share market, the Chinese government should grant more quotas to QFIIs. Otherwise, they will find other ways, making it more difficult to supervise," She Minhua, an analyst with CITIC China Securities said.
Meanwhile, the booming Chinese stock market is attracting more foreign financial firms to set up joint ventures in the investment sector.
The Financial Times on Thursday reported that Nikko Asset Management, a QFII approved in 2003, has become the first Japanese fund firm to acquire a 20 per cent stake in a local firm, the Shenzhen-based Rongtong Fund Management Company.
Nikko AM bought the stake from Shaanxi International Trust & Investment (SITI), for 3.8 yuan per share, valued at 475 million yuan, according to a statement by the Shenzhen-listed SITI.
闂侀潧妫欓崝妤呫€呴幘顔肩闁崇懓绨遍崑鎾诲箣閿濆拋浼嗛柣鐘叉祩閸樺ジ藝婵犳艾鏋佹繛鍡楁捣椤忛亶鎮楅悽绯曞亾濞戞凹浼囬梺鎸庣☉閼活垶宕㈤妶鍥ㄥ鐟滅増甯╅弳娆撴煕濞嗘瑦瀚�2闂佺厧鎼崐鎼佀囨繝姘瀬婵炲棙甯╅崵锟� | 闂侀潧妫欓崝妤冨垝娴兼潙绀夋繛鎴炵墤閸嬫捇骞嬮悙宸澒闂佸搫鐗忛崕銈嗙娴犲鍙婇柣鏃囨缁夊湱鈧鍠掗崑鎾绘⒑椤愶綀澹橀柡鍡嫹 |
閻犵尨鎷�闂佽鍘界敮妤€危閿曞倹鍤愰弶鍫亽閸ゆ棃鏌i姀銈嗘锭闁烩剝鐟╁鍫曞磼濮樿京顔� 閻犵尨鎷�婵犻潧鍊藉Λ鍕箚婢舵劕违濞达綀娅i惀鍛存煕韫囨挻鎲告繛鍫熷灴閹崇喐娼忛妸锔锯偓顔芥叏濠垫挻瀚� 閻犵尨鎷�闂佸搫鍊绘晶妤呫€呰缁犳稒鎷呴崘顭戜紗闁荤姴娴傞崢濂稿矗韫囨稑鐐婃繛鎴灻弬鈧琈P3婵炴垶鎸搁鍫澝归敓锟� |
![]() |