日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

PBOC to regulate RQFII programs

Updated: 2012-01-05 10:17

(Xinhua)

  Comments() Print Mail Large Medium  Small

BEIJING - China's central bank on Wednesday issued guidelines to regulate foreign investors' yuan-denominated investment activities in China in preparation for a possible backflow of yuan into the mainland's equity markets.

New guidelines on the implementation of the Renminbi Qualified Foreign Institutional Investors (RQFII) program by the People's Bank of China (PBOC), the country's central bank, came just several days after the PBOC approved a 10.7-billion-yuan ($1.7 billion) investment quota for the first RQFII pilot program.

According to the new guidelines, overseas institutions under RQFII pilot programs should open their RQFII basic deposit accounts for settlement purposes, as well as RQFII special deposit accounts, in a Chinese commercial bank that is qualified to act as a QFII custodian, as well as a settlement agent, in the interbank bond market.

Pilot overseas institutions must create a separate special deposit account for each open-ended fund they launch, according to the guidelines.

They should not open a general deposit account for cash payments or a temporary deposit account for permanent institutions otherwise approved by the PBOC.

Pilot institutions can open three kinds of special deposit accounts in their custodian and settlement agent banks for their transactions in the interbank bond market, bourse and the stock markets. Capital can be transferred between the three special deposit accounts, the regulations said.

However, these institutions are not allowed to make capital transfers between special deposit accounts and basic deposit accounts. Cash withdrawals are also prohibited from special deposit accounts.

China announced the launch of the RQFII pilot program in December 2011 to widen the investment channel for overseas yuan funds in the Chinese mainland and facilitate the yuan's internationalization process.

Hong Kong subsidiaries of fund management companies and securities firms can use yuan funds raised in Hong Kong to invest in mainland securities within a permitted quota, according to the RQFII pilot program.

To control risks, the government set the total investment quota for RQFII pilot programs at approximately 20 billion yuan, ordering qualified investors to invest no less than 80 percent of yuan funds they raise in fixed-income securities, with investments in stocks and equity funds accounting for no more than 20 percent.

The Chinese currency is not fully convertible under capital accounts, although China has stepped up efforts in recent years to internationalize the yuan.

The Chinese government has encouraged the use of yuan in cross-border trade and investment settlement and approved foreign direct investment in overseas yuan funds obtained overseas.

It also allowed Hong Kong to establish an offshore yuan market and has expanded trade settlement agreements and currency swaps to create more channels for the yuan to circulate outside the mainland.

主站蜘蛛池模板: 欧美成人一区二区 | 黄视频免费看在线 | 亚洲在线天堂 | 国产精品一区二区三区在线播放 | 亚洲第一天堂 | 国产又黄又爽又无遮挡 | 性欧美一区 | 成年人在线免费看片 | 亚洲视频综合 | 91国产在线免费观看 | www国产91 | 天堂网av手机版 | 久久超碰av | 亚洲国产精品尤物yw在线观看 | 成人小视频在线观看 | 国产www视频 | 337p粉嫩大胆色噜噜噜 | 天天爽夜夜爽人人爽 | av观看免费 | 99热这里只有精品首页 | 欧美一级片在线免费观看 | 欧美日韩高清免费 | 婷久久 | 激情四射av| 欧美偷| 一区二区高清在线 | 国产一区二区三区视频在线 | 韩国一级淫一片免费放 | 在线不卡日本 | 国产成人精品自拍 | 欧美日韩午夜视频 | 日韩激情在线 | 国产又大又猛 | 国产一区二区三区视频 | 精品国产精品国产偷麻豆 | 日韩福利视频在线观看 | 国产最新精品视频 | 午夜h视频 | 亚洲一区二区三区在线免费观看 | 99re只有精品 | 爱爱久久|