CN basically agrees to boost RQFII quota to RMB270B - Guo Shuqing
Guo Shuqing, chairman of China Securities Regulatory Commission, told the media that Chinese authorities had basically agreed to boost the RQFII quota to RMB270 billion from RMB710 billion after receiving request from Hong Kong officials. Meanwhile, the authorities also agreed to lower the threshold for Mainland corporations to list in Hong Kong.
Although there is a rapid development in the Chinese equity and bond market, many a problem exist, said Guo, who pointed out however the problems would be solved in the end, and a mature and transparent market would be formed eventually.
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