According to a statement by the Chinese Securities Regulatory Commission
- To revise QFII and RQFII rules in order to broaden access for foreign funds
- To also allow more types of investments by foreign funds
- Will support A shares' inclusion in FTSE Russell indexes
That's good news for investors looking to enter into Chinese markets but it's no doubt another attempt to help prop up the economy and ultimately, the stock market. No details are given on what changes will be made though.
China will also be releasing its FDI data some time between today and next week, just a bit of a heads up on related data. With credit being further tightened to eliminate financial risks, they have to offer more to attract investments with growth already being affected as a result.
