China has eased restrictions on foreign investors seeking to put their money into the country's markets, Beijing's latest financial sector reforms as it seeks to boost a slowing economy. The securities regulator late Friday published new rules allowing qualified institutional investors to hold up to 30 percent of shares in any domestically listed company, up from 20 percent. The new rules will make it easier for foreign groups to obtain the status of qualified institutional investor, and thus enter the Chinese market, said the China Securities Regulatory Commission. Foreign investors will now also be able to put their money into China's interbank bond market and high-yield bond market, said the regulator. The steps should lead to "more long-term foreign investment on China's capital markets," according to a statement from the regulator. China has introduced a series of reforms to open up its financial markets in recent months in the hope of boosting its economy, which grew 7.6 percent in the second quarter, its slowest pace for more than three years. Authorities hope to modernise the economy in which a dominant role is still played by state-run banks and huge public companies. Fresh foreign capital could inject much-needed vigour into the country's markets. The benchmark Shanghai index ended Thursday at 2,126.00 points, its lowest close since March 9, 2009, according to Dow Jones Newswires. New applications for foreign investors have been sped up recently, with the securities regulator approving 37 new qualified investor licences for the first six months of this year compared with 29 for the whole of last year.
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: Rajoy
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor