CHINA has opened its financial and commodity markets further to foreign investors, allowing qualified overseas institutions to trade domestic futures, reports Reuters.
The move is part of the Beijing's plan to liberalise its vast capital market, the world's second-largest, and to deepen China's pricing power in commodities such as crude oil and iron ore.
The china Financial Futures Exchange said in a statement it allowed foreign access to stock index options. Targeted investors are those under the Qualified Foreign Institutional Investor (QFII) scheme and its yuan-denominated sibling, RQFII.
SeaNews Turkey
The move is part of the Beijing's plan to liberalise its vast capital market, the world's second-largest, and to deepen China's pricing power in commodities such as crude oil and iron ore.
The china Financial Futures Exchange said in a statement it allowed foreign access to stock index options. Targeted investors are those under the Qualified Foreign Institutional Investor (QFII) scheme and its yuan-denominated sibling, RQFII.
SeaNews Turkey