Qualified Foreign Institutional Investors training course held in Sanya
CapitalVue, providers of Greater China financial market data and industry intelligence solutions, participated in a comprehensive training session for China’s Qualified Foreign Institutional Investors (“QFII”) in Sanya, Hainan province, from April 13-15. China’s QFII program allows approved foreign institutions to invest in domestically listed Chinese securities – stocks, bonds, funds, and soon index futures.
As China continues to reform and open its financial markets, regulators have begun to accelerate approval of foreign investors applying for access to local equity and fixed income markets. China granted 23 new QFII licenses in the first quarter of 2012, almost as many as were licensed for all of 2011. As of April 2012, 158 global institutions have been given QFII status from China Securities Regulatory Commission (CSRC), with total quota recently increased to US$80 billion.
The nearly 200 conference attendees included representatives from QFIIs, the People’s Bank of China (PBOC), China Securities Regulatory Commission (CSRC), State Administration of Foreign Exchange (SAFE), China Financial Futures Exchange (CFFEX), and QFII service providers such as brokers and custodian banks.
CapitalVue hosted a welcome dinner for the event, where CEO Joseph Cho and sales director Frank Wang spoke with attendees and displayed the CapitalVue Financial Terminal. According to Frank Wang, Director of Institutional Sales at CapitalVue, “the success of the QFII scheme has prompted China’s regulators to continue to open the domestic market to foreign investment, and CapitalVue will continue to expand its product offerings to ensure our clients have access to best-in-class data, information and analytics on the Chinese market”.
The training event featured speakers from PBOC, SAFE, CSRC and CFFEX, and topics discussed included plans to accelerate QFII approvals and quota allotments, lower the QFII qualification threshold, and allow QFII to invest in stock index futures.
Rooted in the understanding that investing in China requires on-the-ground data and analysis, CapitalVue differentiates its services by providing broader, deeper and more-timely data and information on Chinese companies and markets.
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