A Chinese investor before an electronic display of stock data at a brokerage house in Beijing on 15 February 2016. Contrary to global conventions, China represents gains and advances in red, using the colour green to denote losses and declines. Photo: EPA

China scraps QFII and RQFII investments quota to allow unrestricted access to world’s second-largest capital market

  • China’s currency regulator has announced that it would scrap the investment quotas under the QFII and RQFII programmes
  • The Qualified Foreign Institutional Investor (QFII) programme, introduced in 2002, lets investors buy China’s yuan-denominated A shares. The RQFII programme, introduced in 2011, is denominated in yuan
Topic |   China stock market

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A Chinese investor before an electronic display of stock data at a brokerage house in Beijing on 15 February 2016. Contrary to global conventions, China represents gains and advances in red, using the colour green to denote losses and declines. Photo: EPA
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Fireworks during the Shanghai International Music and Fireworks Festival on October 3, 2015. Photo: Imaginechina

Upside in the world’s top-performing stock index puts it on path to break this year’s high as China turns on the liquidity taps

  • The Shanghai Composite Index will probably rise to this year’s high of 3,270.80, implying an 8 per cent gain from Monday’s close, Citic Securities said
  • Further loosening of monetary policies and continuing foreign inflows will buoy up stocks, China’s biggest listed brokerage said
Topic |   A-shares

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Fireworks during the Shanghai International Music and Fireworks Festival on October 3, 2015. Photo: Imaginechina
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