16 November 2018

SAFE awards 20.8 bln yuan in QFII, RQFII quotas, paper says

The State Administration of Foreign Exchange has so far approved quotas worth US$1.72 billion and 10.3 billion yuan (US$1.70 billion) for institutions under the qualified foreign institutional investor (QFII) and renminbi qualified foreign institutional investor (RQFII) schemes in January, much higher than the US$450 million QFII and 1.3 billion yuan RQFII quotas seen in December, Securities Daily reported Tuesday, citing data from the regulator. Stocks in the A-share market are currently at their low levels, providing an opportunity for foreign investors to engage in bottom-fishing, an unnamed analyst was quoted as saying. As of Monday, SAFE has approved investments of US$51.42 billion for QFII and 167.8 billion yuan for RQFII, the report said.

– Contact HKEJ at [email protected]




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