Home About Kuna Advertise Contact Us Kuna's Bureaus Services Term Of Use
Register Login
facebook Twitter Youtube rss
EP calls for creation of safe heavens for humanitarian aid in Syria      US releases USD 450 million frozen funds to Iran      Kerry stresses need to implement agreed plan for Ukraine crisis end      Ban strongly condemns attacks on civilians, UN peacekeepers in South Sudan      EU Parliament calls for sanctions against Russian energy firms      Kuwait's 6th waste conf. concludes      Kuwaiti crude price up 75 cents to USD 104.11 pb
  Economics
China to expand foreign investor program
07/11/2012   |   06:11 PM | World News
تصغير الخطالشكل الأساسيتكبير الخط
TOKYO, Nov 7 (KUNA) -- China's securities regulators are considering speeding up Qualified Foreign Institutional Investor (QFII) approvals and facilitating the operation of the QFII program to attract more long-term overseas investment, Chinese state-owned Xinhua News Agency reported on Wednesday.
Authorities have hastened QFII approvals and lowered the QFII threshold since the beginning of the year to support the development of the domestic capital market, an official from the China Securities Regulatory Commission was quoted as saying on Wednesday.
The QFII program allows overseas brokerage companies, fund houses and trust firms to invest in Chinese capital markets.
Kuwait Investment Authority (KIA) received China's QFII status in December last year, becoming the second qualified Middle Eastern fund after Abu Dhabi Investment Authority.
China has granted QFII licenses to 192 foreign firms since the program started in 2002, with approval to 57 new foreign investors this year, the report said. 82 percent of the 192 QFIIs are long-term investors, including asset management companies, insurers and pension funds, according to official data.
China has taken steps to attract more long-term funds. In April, the commission raised the investment ceiling for QFIIs to USD 80 billion from USD 30 billion.
In July, China eased its investment controls on QFIIs, allowing them to enter the interbank bond market. (end) mk.mb KUNA 071811 Nov 12NNNN
 Print
  Email
 Save
Share
Share


Most Read Most Emailed  
1.   Mobile Learning should be utilized to enhance educational experience - Educator
2.   S. Sudan rebels seize oil-rich Bentiu
3.   Economic outlook For Kuwait GDP 2014 -- KFH
4.   US to enhance Philippines military defensive capabilities
5.   Spanish king arrives in Kuwait
6.   Kuwait's EPA, Hyundai Engineering mull environmental co-op
    Photo Gallery

UN Secretary General Ban Ki-moon

Director of the Meteorological Department Mohammad Karam

His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah

The Minister of Oil and State Minister of Parliament Affairs Ali Al-Omair

UN Secretary General Ban Ki-moon

Minister of Justice and Minister of Endowments and Islamic Affairs Dr. Nayef Al-Ajmi

HH the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah receives Chairman of the International Islamic Charitable Organization (IICO) and UN Secretary-General's Humanitarian Envoy for Kuwait Dr. Abdullah Al-Matouq
Publications

WEATHER
PRAYER
CURRENCIES
KUWAIT AIRPORT
    Calendar
About KUNA KUNA SERVICES USEFUL LINKS KUNA ARCHIVE KUNA PUBLICATIONS
Home
About Kuna
Advertise
Contact Us
Kuna's Bureaus
Services
Term Of Use
Read The Whole Newscast
Pictures (during the week)
FTP Service
KUNA training center
KUNA Reader
SMS Services
الكويت فى ذاكرة الأيام
Job Application
Careers
Arab News Agencies
International News Agencies
Governmental Institutes
Banks in Kuwait
News Paper
Local Companies
other useful links
Prayer Times
News Archive
Other News Services
Today In Kuwait's History
Events
Training Sessions
Videos
All KUNA right are reserved © 2012. This site is designed and published by IDS