Multinational Central Bank &Nbsp; Allowed Into A Share Market
State Administration of Foreign Exchange
Statistics released yesterday showed that the multinational central bank recently approved the investment quota for qualified foreign institutional investors (QFII), including the Thailand bank and the Bank of Korea. The investment limits approved by the central banks of the two countries are 300 million US dollars.
This means that the central banks in these countries can invest in China's capital market, including the A share market and China's bond market.
32 QFII has been added this year.
The foreign exchange bureau data show that since March, the foreign exchange bureau has approved the QFII investment quota of 12 institutions, and approved the investment quota of 10 institutions on the same day only on the same day in March 9th.
Since the beginning of this year, the State Administration of foreign exchange has approved 23 QFII investment quotas totaling 2 billion 910 million US dollars.
As of March 9th, the State Administration of foreign exchange has approved 129 QFII institutions (excluding 2 institutions whose quota has been abolished) totaling 24 billion 550 million US dollars in investment quota.
Kuwait gets QFII quota
Yesterday afternoon, the latest news, the Chinese government has given Kuwait
Sovereign investment fund
The initial investment quota of $300 million from the Kuwait Investment Authority (KIA) allows it to purchase Renminbi stocks and bonds, thereby enabling the agency to diversify its investments further.
It is alleged that the Kuwait Investment Authority has applied for a total investment quota of US $1 billion, and the China foreign exchange administration may give Kuwait Investment Bureau a chance to increase its quota annually until the maximum limit is reached.
As one of the world's largest exporters of crude oil (106.85,0.51,0.48%), the scale of sovereign wealth funds owned by Kuwait has exceeded 290 billion US dollars.
Although the Gulf region fund has always had a soft spot in investing in the European market, many funds are now turning to other regions such as Asia as European economic growth slows down.
Japan is allowed to buy treasury bonds in China
According to Xinhua news agency,
Finance Minister
On the 13 day, Anju Chun said that with the permission of Chinese authorities, Japan was allowed to purchase up to 65 billion yuan (equivalent to 10 billion 300 million US dollars or 845 billion yen) of China's national debt.
This is the first time that the Japanese government has announced the specific quota for the purchase of China's national debt.
Azumi Jun said this is "the right scale of purchase".
Azumi Jun said that it will take several months to prepare for the purchase of some technical procedures of China's national debt. The Japanese side will then judge the timing of the purchase of Chinese government bonds according to market trends.
QFII heavy shares in China
QFII has always maintained a high interest in China's capital market. According to the data previously released by the foreign exchange bureau, although the domestic stock market overall showed a downward trend in 2011, QFII institutions still maintained a high proportion of stock investment.
By the end of 2011, the share of QFII's total assets was still as high as 70%.
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