-
(单词翻译:双击或拖选)
BEIJING, Dec. 16 (Xinhua) -- China issued rules for pilot programs of RMB Qualified1 Foreign Institutional Investors2 (RQFII) on Friday, formally giving a green light to investment of overseas RMB funds in mainland securities markets.
The move is expected to widen the investment channel of overseas RMB funds and add new momentum3 to the country's bid to make the RMB an international currency.
Hong Kong subsidiaries of fund management companies and securities firms can use RMB funds raised in Hong Kong to invest in mainland securities within a permitted quota4, according to the rules jointly5 released by the China Securities Regulatory Commission (CSRC), the People's Bank of China and the State Administration of Foreign Exchange.
The total investment quota of RQFII pilot programs is set at around 20 billion yuan (3.15 billion U.S. dollars), according to the rules.
To control risks, qualified investors should invest no less than 80 percent of the RMB funds they raised in fixed-income securities, while investment in stocks and equity6 funds should account for no more than 20 percent.
The CSRC will join other related departments to study the possibility of further expanding the trial program after its launch, said a CSRC official who declined to be identified.
The launch of the RQFII will open another significant channel for overseas RMB funds to flow back into the country, said the CSRC official.
It will also help diversify7 investment products for overseas RMB funds and facilitate off-shore RMB business, the official said.
The RMB is not fully8 convertible9 under the capital account but China has stepped up efforts to make the currency more international over the past few years.
The government has encouraged the use of the RMB in cross-border trade and investment settlement and approved foreign direct investment in overseas RMB funds obtained overseas.
点击
收听单词发音
![收听单词发音](/images/play.gif)
1
qualified
![]() |
|
adj.合格的,有资格的,胜任的,有限制的 | |
参考例句: |
|
|
2
investors
![]() |
|
n.投资者,出资者( investor的名词复数 ) | |
参考例句: |
|
|
3
momentum
![]() |
|
n.动力,冲力,势头;动量 | |
参考例句: |
|
|
4
quota
![]() |
|
n.(生产、进出口等的)配额,(移民的)限额 | |
参考例句: |
|
|
5
jointly
![]() |
|
ad.联合地,共同地 | |
参考例句: |
|
|
6
equity
![]() |
|
n.公正,公平,(无固定利息的)股票 | |
参考例句: |
|
|
7
diversify
![]() |
|
v.(使)不同,(使)变得多样化 | |
参考例句: |
|
|
8
fully
![]() |
|
adv.完全地,全部地,彻底地;充分地 | |
参考例句: |
|
|
9
convertible
![]() |
|
adj.可改变的,可交换,同意义的;n.有活动摺篷的汽车 | |
参考例句: |
|
|
10
offshore
![]() |
|
adj.海面的,吹向海面的;adv.向海面 | |
参考例句: |
|
|
11
swaps
![]() |
|
交换( swap的名词复数 ); 交换物,被掉换者 | |
参考例句: |
|
|