皇冠体育app

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皇冠体育app to further expand QFII quota

(Xinhua) Updated: 2012-11-11 16:37

BEIJING -- 皇冠体育app will further expand the investment quota for qualified foreign institutional investors (QFIIs) if the current amount can not meet?investors' demand, 皇冠体育app's top securities regulator said on Sunday.

The government is also considering offering tax breaks for QFIIs in line with international conventions, said Guo Shuqing, chairman of the 皇冠体育app Securities Regulatory Commission (CSRC), at a group interview on the sidelines of the 18th National Congress of the Communist Party of 皇冠体育app.

Launched in 2002, the QFII program allows overseas brokerage companies, fund houses and trust firms to invest in Chinese capital markets.

In April this year, 皇冠体育app increased the total QFII investment quota to $80 billion from the previous $30 billion.

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