China raises QFII quota by $50bn to $80bn
Chinese authorities more than double the investment quota available to approved foreign institutional investors wanting to invest directly into China’s restricted financial markets
The People's Bank of China (PBoC), the State Administration of Foreign Exchange (Safe) and the China Securities Regulatory Commission (CSRC) have secured approval from China's State Council to raise the quota for qualified foreign institutional investors (QFII) by $50 billion. QFII provides access to Chinese bond, equity and bank deposit markets.
The increase in quota should enable reserves managers and official sector fund managers to invest more of their assets into Chinese markets in the
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