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1 March, 2016Euromoney, March 2016
China took a big step towards opening its domestic markets to international capital in February in a move that might win the A-share Chinese stock market membership of key MSCI benchmark indices.
The State Administration of Foreign Exchange (safe) made changes to the QFII programme, through which qualified foreign institutional investors can gain exposure to China’s domestic capital markets in dollars. The moves largely bring that programme into line with RQFII, which allows foreign investors access to offshore renminbi markets.
To anyone not involved in the minutiae of asset management in China, the moves may seem arcane: the introduction of a base quota registration system, for example, meaning the quota that asset managers receive will be based on their assets under management. But the impact will be considerable.
Full article: http://www.euromoney.com/Article/3535348/BackIssue/95707/China-A-shares-set-for-MSCI-index-breakthrough
