亚洲人成网站18禁止中文字幕,国产毛片视频在线看,韩国18禁无码免费网站,国产一级无码视频,偷拍精品视频一区二区三区,国产亚洲成年网址在线观看,国产一区av在线

--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service


Hot Links
China Development Gateway
Chinese Embassies

QFIIs Vie for More Investment Quotas

Qualified foreign institutional investors (QFIIs) are keen on investing in China's stock market despite its bearish performance.

Hong Kong and Shanghai Banking Corporation Ltd (HSBC), for example, secured approval from the State Administration of Foreign Exchange (SAFE) over the weekend for another US$50 million investment quota, raising the total to US$100 million.

"We have an optimistic view of China's A-share market," an HSBC spokeswoman said.

The additional quota is based on the actual investment demand of the company, which pursues diversity in its portfolio that combines stocks, bonds and mutual funds, she said.

UBS Limited, the securities investment arm of UBS Warburg, has almost used up its US$300 million quota and has applied for it to be raised to US$500 million, according to Nicole Yuen, head of China equities at UBS. It was the first foreign institution to get a QFII license in China and made its maiden investment in July.

Market sources said that the company had recently spent about US$50 million to buy A shares, such as Baosteel and Shandong Gold, both of which reported good third-quarter results.

Yuen said the company did use the temporary market slump as an opportunity to build up its position, especially since A-share prices had become much cheaper than before and good stocks were available.

She said the investment prerequisite was that the targeted listed companies have sound performance and good management. UBS will continue investment even if there is a downward trend in the stock market, she added.

China has approved nine foreign institutions as QFIIs, which means they can invest in A shares, bonds, mutual funds and other products approved by the Chinese authorities. They have to open special Renminbi accounts at designated custodian banks and cooperate with local securities companies to facilitate the investments.

And there are still five to six foreign companies waiting to get the QFII license, according to sources with SAFE, which has already granted more than US$1 billion of investment quota.

SAFE officials have pledged to further improve the QFII scheme by adjusting the investment quota and foreign exchange controls according to changes in the capital market.

For domestic banks, the entry of foreign institutional investors heralds good business opportunities as custodian banks, said Zhang Enzhao, president of China Construction Bank.

While the foreign banks have the advantage of their expertise and overseas customer resources, Chinese banks are more familiar with the local laws and regulations and have much bigger local networks.

(China Daily November 5, 2003)

 


 

China Pledges Further Securities Opening-up: Official
UBS Uses US$300 Million QFII Investment Quota
Dutch Bank ING Wins QFII Qualification
HSBC Authorized to Invest in China's Securities Market
Deutsche Bank Enters Domestic Securities Market as 6th QFII
Goldman Sachs Granted QFII Investment Line of US$50 Million
Stock: UBS Buying of A Shares Sends Indices Soaring
UBS Buys into Chinese Stock Market
QFIIs May Avoid Blue Chips
Two More Foreign Banks Gain Access to China's Stock Market
Overseas Institutional Investors Enthuse About China's A Share
Futures Market Too Small for QFII
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688
    1. <ul id="556nl"><kbd id="556nl"><form id="556nl"></form></kbd></ul>
      <thead id="556nl"></thead>

      1. <em id="556nl"><tt id="556nl"></tt></em>
        <ul id="556nl"><kbd id="556nl"><form id="556nl"></form></kbd></ul>

        <ul id="556nl"><small id="556nl"></small></ul>
        1. <thead id="556nl"></thead>

          亚洲人成网站18禁止中文字幕,国产毛片视频在线看,韩国18禁无码免费网站,国产一级无码视频,偷拍精品视频一区二区三区,国产亚洲成年网址在线观看,国产一区av在线 人妻无码久久影视 日韩久久久久久久久久久久 精品国产香蕉伊思人在线 无码国产手机在线a√片无灬 91在线视频无码