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Thread: Chinese to allowed to invest in London and New York
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[quote=DREAMLIFE,260800]Recently, China has reached an agreement with UK financial regulator that Chinese commercial banks can invest in London shares and funds. Meanwhile, Chinese individual investors can buy QDII funds through these commercial banks to do investment in London. But it did not say when QDII funds can start investing in the UK. On the other hand, CBRC (China Banking Regulatory Commission) is soon to sign a similar agreement with US authorities. For Chinese individual investors, it is really good since they can invest in UK and US in the near future. Before, mainland investors can do their investment in Hong Kong stock market through legal channel. But Hong Kong stocks fluctuated in recent days. Perhaps, this encourages China to expand its QDII programme. The news said that the purpose is to "counter inflows from a record trade surplus that have driven up local stock and property prices".[/quote]
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