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Xinyuan Real Estate Co., Ltd. Message Board

  • infn444 infn444 Jan 30, 2013 2:59 PM Flag

    More money coming into Chinese market

    The top securities regulator is ready to open the A-share market for Taiwan institutional investors holding offshore renminbi deposits, a senior official of the China Securities Regulatory Commission said on Tuesday.
    The investment quota for renminbi qualified institutional investors, or RQFIIs, is likely to be 100 billion yuan ($16 billion), according to the commission.
    Financial institutions from Taiwan will be able to hold as much as 51 percent, up from 49 percent, of the joint-venture brokerages' shares in Shanghai, Fujian and Shenzhen, said Tong Daochi, head of the international department of the commission, speaking in Taipei.

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