Mainland stock quotas for foreigners triple
10 December 2007
China's foreign exchange regulator has increased the amount of capital foreign companies can invest in domestic securities under the qualified foreign institutional investor (QFII) program from US$10 billion to US$30 billion, the Wall Street Journal reported. The announcement comes a few days before US Treasury Secretary Henry Paulson and others arrive for the third round of the US-China Strategic Economic Dialogue (SED). Beijing had promised the increase at the last SED meeting earlier this year. In a separate statement, the government also announced plans to increase the amount Chinese investors could invest in overseas securities markets under the related qualified domestic institutional investor (QDII) scheme, though a specific amount was not mentioned.
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