China QFII quota at 99.46 bln USD

          Source: Xinhua| 2018-06-02 14:30:36|Editor: Chengcheng
          Video PlayerClose

          BEIJING, June 2 (Xinhua) -- A total of 287 overseas institutions have received quotas amounting to 99.46 billion U.S. dollars under China's Qualified Foreign Institutional Investors (QFII) program to move money into the country's capital account, according to data from the State Administration of Foreign Exchange.

          As of May 30, the quota in the RMB Qualified Foreign Institutional Investors (RQFII) program came in at 616 billion yuan (96 billion U.S. dollars).

          China's currency, the yuan, is convertible for trade purposes under the current account, while the capital account, which covers portfolio investment and borrowing, is largely run by the state in an effort to control capital flows in and out of the country.

          To gradually open the capital account, the government introduced the QFII and RQFII programs in 2003 and 2011 respectively. They give foreign investors the right to move money into the account to encourage controlled flows.

          The RQFII program is currently open to countries and regions including the Hong Kong Special Administrative Region, Britain, Singapore, France, the Republic of Korea, Germany, Qatar, Canada, Australia and Luxembourg.

          The data also showed the quota under the Qualified Domestic Institutional Investor program, a scheme that allows domestic investors to access foreign assets, totalled 101.5 billion U.S. dollars.

          TOP STORIES
          EDITOR’S CHOICE
          MOST VIEWED
          EXPLORE XINHUANET
          010020070750000000000000011100001372251991
          无码人妻一区二区三区四区av_亚洲精品911在线永久观看_精品一区二区国产在线观看_日韩不卡一区二区视频在线

                  亚洲国产日韩欧美高清不卡 | 亚洲午夜久久久久久久久久 | 亚洲综合五月天国产AV | 亚洲色中文字幕制服丝袜 | 日韩国产精品有吗在线 | 亚洲AV综合AⅤ国产AV综合 |