The mainland might launch a program to allow Taiwan investors to use offshore yuan deposits to invest in the mainland's capital markets, Guo Shuqing, chairman of the China Securities Regulatory Commission, said on Sunday.
A similar program, known as the RMB Qualified Foreign Institutional Investor, or RQFII, was launched in Hong Kong at the end of last year with a quota of 20 billion yuan ($3.17 billion).
At present, individual investors in Taiwan can directly invest in the mainland's dollar-denominated B-share market. They can also buy yuan-denominated A shares through the QFII program.
"We are likely to launch the RQFII program in Taiwan in the future, as well as allowing individual investors in the region to invest directly in the A-share market," Guo said on the sidelines of the two sessions. But he added that study of the issue hadn't yet started.
The program offers more investment channels for the growing amount of yuan deposits in Hong Kong, which reached 576 billion yuan at the end of January.
Under the program, Hong Kong institutional investors can invest in the A-share market using yuan parked overseas.
Taiwan said last year it also wanted to be a trading center for offshore yuan, aiming to take advantage of the yuan's internationalization.
In August 2011, Taiwan's "central bank" listed "being an offshore yuan center" as one of its long-term targets.
A month later, the Taiwan Financial Supervisory Commission, the region's financial regulator, awarded its first license for the region's banks to conduct yuan-related business, including currency conversion, trade finance and remittances.
The license was given to HSBC Holdings' Taiwan subsidiary. The Bank of East Asia got the same kind of license a month later.
Some financial institutions in Taiwan have already been granted quotas under the QFII program, which allows investors outside the mainland to invest in the mainland's capital markets using US dollars.
In August, regulators in Taiwan gave the go-ahead for local QFII candidates to invest in the mainland's A-share market, opening that market to Taiwan institutional investors for the first time.
Individual investors in Taiwan now only have direct access to the mainland's dollar-enominated B-share market.
With no direct link to the Ashare market, many individual investors in Taiwan use the accounts of mainland friends and relatives to make investments, which lead to disputes.
2017届高考英语一轮复习精品课件:高频语法复习7
2017届湖北高考英语一轮复习基础知识课件:Unit3《Under the sea》(新人教版选修7)
2017届湖北高考英语一轮复习基础知识课件:Unit4《Sharing》(新人教版选修7)
2017届高考英语一轮复习高频语法专讲专练课件:非谓语动词
高三英语一轮单元复习精品教案:Module 5《A Lesson in a Lab》(外研版必修1)
2017年高考英语一轮复习试题周周练:周二 Unit2《English around the world》(新人教版必修1)
2017年高考英语一轮复习试题周周练:周五 Unit5《Music》(新人教版必修2)
高三英语一轮单元复习精品教案:Module 6《Unexplained Mysteries of the Natural World》(外研版必修4)
高三英语一轮单元复习精品教案:Module 2《No Drugs》(外研版必修2)
2017届高考英语一轮复习精品课件:高频语法复习6
高三英语一轮单元复习精品教案:Module 6《Animals in Danger》(外研版必修5)
2017届高考英语一轮复习精品课件:高频语法复习5
2017年高考英语一轮复习试题周周练:周一 Unit1《Cultural relics》(新人教版必修2)
2017届高考英语一轮复习精品课件:同步测试卷6
高三英语一轮单元复习精品教案:Module 1《British and American English》(外研版必修5)
2017高考英语复习素材:担心考试听力素材(Mp3)
2017届高考英语一轮复习高频语法专讲专练课件:时态与语态
2017届高考英语一轮复习精品课件:高频语法复习8
2017届高考英语一轮复习精品课件:Unit4《Pulic transport》(牛津译林版选修7)
2017年高考英语一轮复习试题周周练:周三 Unit3《Travel Journal》(新人教版必修1)
2017届高考英语一轮复习精品课件:Unit2《The environment》(牛津译林版必修5)
2017届高考英语一轮复习精品课件:Unit3《Understanding each other》(牛津译林版选修6)
高三英语人教版总复习之语法专项突破课件:语法专项十 定语从句
高考英语总复习导学案:Unit5《Nelson Mandela-a modern hero》 名师点津(新人教版必修一)
2017届高考英语一轮复习精品课件:Unit4《Films and film events》(牛津译林版选修8)
2017届高考英语一轮复习高频语法专讲专练课件:介词与介词短语
2017届高考英语一轮复习高频语法专讲专练课件:形容词与副词
高三英语一轮单元复习精品教案:Module 1《My First Day at Senior High》(外研版必修1)
高三英语人教版总复习之语法专项突破课件:语法专项十六 构词法
2017年高考英语一轮复习试题周周练:周四 Unit4《Wildlife Protection》(新人教版必修2)
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |