Global financial institutions will be allowed to play a more active role in China’s equity markets if the new reformist head of the country’s securities regulator gets his way.
Guo Shuqing, who became chairman of the China Securities Regulatory Commission in October, signalled his intent this week by more than doubling the amount of money that foreign institutions can invest in China’s capital markets.
The CSRC announced on Tuesday that international fund managers would be allowed to invest a combined total of $80bn in China’s capital markets, up from the previous limit of $30bn, in an expansion of the so-called qualified foreign institutional investor (QFII) scheme.
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