Category Archive: China QFII

China Will Launch Renminbi Qualified Foreign Institutional Investors Scheme (RQFII) Soon

Posted on December 18, 2011 in: China QFII|Comments Off

China will launch a trial scheme to allow yuan (Renminbi) funds raised offshore to be invested in its domestic capital market, in a widely expected move to help internationalize its currency, the official Xinhua News Agency reported Friday.

China’s securities regulator, the country’s central bank and its foreign exchange regulator jointly released guidelines Friday on the so-called Yuan (Renminbi) Qualified Foreign Institution Investor (QFII) trial scheme, Xinhua said.

According to the guidelines, the pilot project, which has an initial investment quota of CNY20 billion ($3.1 billion), will begin with Hong Kong-based subsidiaries of Chinese asset management companies and securities firms, according to Xinhua. The guidelines also stipulate that at least 80% of the yuan QFII funds must be invested in fixed-income products, while no more than 20% of such funds can be used for equities investments. 

That compares with Shanghai and Shenzhen’s combined market capitalization of 24 trillion yuan. “It’s part of the blueprint to internationalize its bond and stock markets,” said Ronald Wan, managing director of China Merchants Securities Hong Kong. “The quota will eventually be raised, albeit slowly.”

The Xinhua report did not give a timetable for the launch of the trial scheme. Earlier Friday, Caixin magazine reported, without citing sources, that China will launch the trial scheme from April 1.

Meanwhile, hopes were raised that more foreign investments could flow into mainland stock and bond markets under the conventional QFII scheme. Caixin website reported that the number of QFII licenses in the next two months will exceed the number of permits in the past two years. As of November, mainland authorities had granted 115 QFII licenses with a combined investment quota of US$21.14 billion

Related article:

Hong Kong Approves First Batch Of Four RQFIIs To Sell

China QFII Member List, August 2011

Posted on August 25, 2011 in: China QFII|Comments Off

By the end of July, there were 115 QFII investors:

    Name of QFII  and  Country of Registration Date of Approval
1   UBS AG (Switzerland)   5/23/2003
2   Nomura Securities Co.,Ltd. (Japan)   5/23/2003
3   Morgan Stanley & Co. International Limited (UK)   6/5/2003
4   Citigroup Global Markets Limited (UK)   6/5/2003
5   Goldman, Sachs & Co. (US)   7/4/2003
6   Deutsche Bank Aktiengesellschaft (Germany)   7/30/2003
7   The Hongkong and Shanghai Banking Corporation Ltd (H.K.)   8/4/2003
8   ING Bank N.V. (Holland)   9/10/2003
9   JP Morgan Chase Bank, National Association (US)   9/30/2003
10   Credit Suisse (HongKong) Limited   10/24/2003
11   Standard Chartered Bank (HongKong) Limited   12/11/2003
12   Nikko Asset Management Co.,Ltd. (Japan)   12/11/2003
13   Merrill Lynch International (UK)   4/30/2004
14   Hang Seng Bank Limited (Hong Kong)   5/10/2004
15   Daiwa Securities SMBC Co.,Ltd. (Japan)   5/10/2004
16   Lehman Brothers International (Europe) (UK)   7/6/2004
17   Bill & Melinda Gates Foundation (US)   7/19/2004
18   INVESCO Asset Management Limited (UK)   8/4/2004
19   ABN AMRO Bank N.V. (Holland)   9/2/2004
20   Société Générale (France)   9/2/2004
21   Barclays Bank PLC (UK)   9/15/2004
22   Commerzbank AG  (Germany)   9/27/2004
23   Fortis Bank SA/NV (Belgium)   9/29/2004
24   BNP Paribas (France)   9/29/2004
25   Power Corporation of Canada (Canada)   10/15/2004
26   Credit Agrigole Corporate and Investment Bank (France)   10/15/2004
27   Goldman Sachs Asset Management International (UK)   5/9/2005
28   Martin Currie Investment Management Ltd (UK)   10/25/2005
29   Government of Singapore Investment Corp Pte Ltd (Singapore)   10/25/2005
30   PineBridge Investment LLC   (US)   11/14/2005
31   Temasek Fullerton Alpha Investments Pte Ltd (Singapore)   11/15/2005
32   JF Asset Management Limited (Hong Kong)   12/28/2005
33   The Dai-ichi Mutual Life Insurance Company (Japan)   12/28/2005
34   DBS Bank Ltd. (Singapore)   2/13/2006
35   AMP Capital Investors Ltd. (Australia)   4/10/2006
36   The Bank of Nova Scotia (Canada)   4/10/2006
37   KBC Financial Products UK Limited (UK)   4/10/2006
38   La Compagnie Financierr Edmond de Rothschild Banque(France) 4/10/2006
39   Yale University (US)   4/14/2006
40   Morgan Stanley Investment Management Inc. (US)   7/7/2006
41   Prudential Asset Management (Hongkong) Limited   7/7/2006
42   Stanford University (US)   8/5/2006
43   GE Asset Management Incorporated (US)   8/5/2006
44   United Overseas Bank Limited (Singapore)   8/5/2006
45   Schroder Investment Mangement Limited (UK)   8/29/2006
46   HSBC Global Asset Management (Hong Kong) Limited   9/5/2006
47   Mizuho Securities (Shinko Securities Co.Ltd) (Japan)   9/5/2006
48   UBS Global Asset Management (Singapore) Ltd (Singapore)   9/25/2006
49   Sumitomo Mitsui Asset Management Company, Limited   9/25/2006
50   Norges Bank (Norway)   10/24/2006
51   Pictet Asset Management Limited (UK)   10/25/2006
52   The Trustees of Columbia University in the City of New York   3/12/2008
53   Prudential Asset Management Co.,Ltd. (Korea)   4/7/2008
54   Robeco Institutional Asset management B.V. (Holland)   5/5/2008
55   State Street Global Advisors Asia Limited (Hong Kong)   5/16/2008
56   Platinum Investment Company Limited (Australia)   6/2/2008
57   KBC Asset Management N.V. (Belgium)   6/2/2008
58   Mirae Asset Global Investments Co., Ltd. (Korea)   7/25/2008
59   ACE INA International Holdings, Ltd. (US)   8/5/2008
60   Caisse de dép?t et placement du Québec (Canada)   8/22/2008
61   President and Fellows of Harvard College (US)   8/22/2008
62   Samsung Investment Trust Management Co., Ltd. (Korea)   8/25/2008
63   AllianceBernstein Limited (UK)   8/28/2008
64   Oversea-Chinese Banking Corporation Limited (Singapore)   8/28/2008
65   First State Investment Management (UK) Limited (UK)   9/11/2008
66   DAIWA Asset Management Co. (Japan)   9/11/2008
67   Shell Asset Management Company B.V. (Holland)   9/12/2008
68   T. Rowe Price International, Inc. (US)   9/12/2008
69   Credit Suisse (Switzerland)   10/14/2008
70   UOB Asset Management Ltd (Singapore)   11/28/2008
71   ABU Dhabi Investment Authority (United Arab Emirates)   12/3/2008
72   Allianz Global Investors Luxembourg S.A. (Luxembourg)   12/16/2008
73   Capital International, Inc. (US)   12/18/2008
74   Mitsubishi UFJ Securities Co., Ltd. (Japan)   12/29/2008
75   Hanwha Investment Trust Management Co., Ltd. (Korea)   2/5/2009
76   Emerging Markets Management, L.L.C. (US)   2/10/2009
77   DWS Investment S.A. (Luxembourg)   2/24/2009
78   The Korea Development Bank (Korea)   4/23/2009
79   Woori Bank Co., Ltd (Korea)   5/4/2009
80   Bank Negara Malaysia  (Malaysia)   5/19/2009
81   Lloyd George Management (Hong Kong) Limited   5/27/2009
82   Templeton Investment Counsel, LLC (US)   6/5/2009
83   BEA Union Investment Management Limited (Hong Kong)   6/18/2009
84   The Sumitomo Trust & Banking Co., Ltd. (Japan)   6/26/2009
85   Korea Investment Trust Management Co., Ltd   7/21/2009
86   Baring Asset Management Limited (UK)   8/6/2009
87   Ashmore Investment Management Limited (UK)   9/14/2009
88   BNY Mellon Asset Management International Ltd. (UK)   11/6/2009
89   Manulife Asset Management (Hong Kong) Limited   11/20/2009
90   Nomura Asset Management CO., LTD (Japan)   11/23/2009
91   Tongyang Investment Trust Management Co., Ltd (Korea)   12/11/2009
92   Royal Bank of Canada   12/23/2009
93   Aviva Investors Global Services Limited (UK)   12/28/2009
94   Ivy Investment management Company (US)   2/8/2010
95   DIAM Co. Ltd (Japan)   5/12/2010
96   OFI Asset Management (France)   6/10/2010
97   Aberdeen Asset Management Asia Ltd (Singapore)   7/6/2010
98   KB Asset Management Co., Ltd (Korea)   8/9/2010
99    Fidelity Investments Management (Hong Kong) Limited    9/1/2010
100   Legg Mason Investements (Europe) Ltd (UK)   10/8/2010
101   Hong Kong Monetary Authority    10/27/2010
102   Fubon Securities Investment Trust Co. Ltd (Taiwan)   10/29/2010
103   Capital Securities Investment Trust Co. Ltd (Taiwan)   10/29/2010
104   BMO Investments Inc. (Canada)   12/6/2010
105   Bank Julius Bear & Co.,Ltd. (Switzerland)   12/14/2010
106    KTB Asset Management Co.,Ltd. (Korea)   12/28/2010
107   Lyxor Asset Management (France)   2/16/2011
108   Polaris International Securities Investment Co. Ltd. (Taiwan)   3/4/2011
109   Assicurazioni Generali S.P.A. (Italy)   3/18/2011
110   Banco Bilbao Vizcaya Argentaria, S.A. (Spain)   5/6/2011
111   Cathay Securities Investment Trust Co., Ltd. (Taiwan)   6/9/2011
112   Fuh Hwa Securities Investment Trust Co. Ltd. (Taiwan)   6/9/2011
113   Comgest S.A. (France)   6/24/2011
114   Amundi Hong Kong Limited (Hong Kong)   7/14/2011
115   BlackRock Institutional Trust Company, N.A. (US)   7/14/2011

China Adds 2 QFII Members

Posted on August 25, 2011 in: China QFII|Comments Off

The China Securities Regulatory Commission (CSRC) said in a statement on its website on August 23 that BlackRock Institutional Trust Company and Amundi Hong Kong Ltd. have been granted Qualified Foreign Institutional Investor (QFII) licences, bringing the total number of QFII investors to 115.

Related articles:

What is QFII

QFII Member List, August 2011

China Publishes Draft Rules Allowing QFII to Trade Stock Index Futures

Posted on May 8, 2011 in: China QFII, May|Comments Off

China Securities Regulatory Commission (CSRC) announced on Friday that it has published draft rules that will allow approved foreign investors to trade stock index futures, the first step in opening up its local securities market. But the Qualified Foreign Institutional Investors (QFII) will only be allowed to trade stock index futures for hedging purposes, and it will be counted as part of their existing investment quotas. China launched the QFII in 2003, and had granted investment quotas worth $19.7 billion in total to 97 foreign institutions by the end of 2010, a tiny proportion of China’s 20 trillion yuan stock market.

Futures, or agreements to buy or sell the CSI 300 Index at a preset value, began trading on the China Financial Futures Exchange in Shanghai on April 16, 2010 and in July that year China announced it would allow QFII to trade China Stock Index Futures. For detail, please refer to the following article: QFII is Allowd to Trade China Stock Index Futures .

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What is QFII

China QFII Member List, March 2011

QFII is Allowd to Trade China Stock Index Futures

What are “A Share”, “B Share”, “H Share” & “Red Chip”

China Stocks B-Share in Details

Hong Kong Stock Through Train Program

China Approves QFII License For OFI Asset Management

What is QDII in China

List of China QDII Funds, April, 2011

QDII Member List, August 2010

China QFII Member List, March 2011

Posted on April 26, 2011 in: April, China QFII|Comments Off
Name of QFII  and  Country of Registration Date of Approval
1 UBS AG (Switzerland) 23/05/2003
2 Nomura Securities Co.,Ltd. (Japan) 23/05/2003
3 Morgan Stanley & Co. International Limited (UK) 05/06/2003
4 Citigroup Global Markets Limited (UK) 05/06/2003
5 Goldman, Sachs & Co. (US) 04/07/2003
6 Deutsche Bank Aktiengesellschaft (Germany) 30/07/2003
7 The Hongkong and Shanghai Banking Corporation Ltd (H.K.) 04/08/2003
8 ING Bank N.V. (Holland) 10/09/2003
9 JP Morgan Chase Bank, National Association (US) 30/09/2003
10 Credit Suisse (HongKong) Limited 24/10/2003
11 Standard Chartered Bank (HongKong) Limited 11/12/2003
12 Nikko Asset Management Co.,Ltd. (Japan) 11/12/2003
13 Merrill Lynch International (UK) 30/04/2004
14 Hang Seng Bank Limited (Hong Kong) 10/05/2004
15 Daiwa Securities SMBC Co.,Ltd. (Japan) 10/05/2004
16 Lehman Brothers International (Europe) (UK) 06/07/2004
17 Bill & Melinda Gates Foundation (US) 19/07/2004
18 INVESCO Asset Management Limited (UK) 04/08/2004
19 ABN AMRO Bank N.V. (Holland) 02/09/2004
20 Société Générale (France) 02/09/2004
21 Barclays Bank PLC (UK) 15/09/2004
22 Commerzbank AG  (Germany) 27/09/2004
23 Fortis Bank SA/NV (Belgium) 29/09/2004
24 BNP Paribas (France) 29/09/2004
25 Power Corporation of Canada (Canada) 15/10/2004
26 Credit Agrigole Corporate and Investment Bank (France) 15/10/2004
27 Goldman Sachs Asset Management International (UK) 09/05/2005
28 Martin Currie Investment Management Ltd (UK) 25/10/2005
29 Government of Singapore Investment Corp Pte Ltd (Singapore) 25/10/2005
30 PineBridge Investment LLC   (US) 14/11/2005
31 Temasek Fullerton Alpha Investments Pte Ltd (Singapore) 15/11/2005
32 JF Asset Management Limited (Hong Kong) 28/12/2005
33 The Dai-ichi Mutual Life Insurance Company (Japan) 28/12/2005
34 DBS Bank Ltd. (Singapore) 13/02/2006
35 AMP Capital Investors Ltd. (Australia) 10/04/2006
36 The Bank of Nova Scotia (Canada) 10/04/2006
37 KBC Financial Products UK Limited (UK) 10/04/2006
38 La Compagnie Financierr Edmond de Rothschild Banque(France) 10/04/2006
39 Yale University (US) 14/04/2006
40 Morgan Stanley Investment Management Inc. (US) 07/07/2006
41 Prudential Asset Management (Hongkong) Limited 07/07/2006
42 Stanford University (US) 05/08/2006
43 GE Asset Management Incorporated (US) 05/08/2006
44 United Overseas Bank Limited (Singapore) 05/08/2006
45 Schroder Investment Mangement Limited (UK) 29/08/2006
46 HSBC Global Asset Management (Hong Kong) Limited 05/09/2006
47 Mizuho Securities (Shinko Securities Co.Ltd) (Japan) 05/09/2006
48 UBS Global Asset Management (Singapore) Ltd (Singapore) 25/09/2006
49 Sumitomo Mitsui Asset Management Company, Limited 25/09/2006
50 Norges Bank (Norway) 24/10/2006
51 Pictet Asset Management Limited (UK) 25/10/2006
52 The Trustees of Columbia University in the City of New York 12/03/2008
53 Prudential Asset Management Co.,Ltd. (Korea) 07/04/2008
54 Robeco Institutional Asset management B.V. (Holland) 05/05/2008
55 State Street Global Advisors Asia Limited (Hong Kong) 16/05/2008
56 Platinum Investment Company Limited (Australia) 02/06/2008
57 KBC Asset Management N.V. (Belgium) 02/06/2008
58 Mirae Asset Global Investments Co., Ltd. (Korea) 25/07/2008
59 ACE INA International Holdings, Ltd. (US) 05/08/2008
60 Caisse de dép?t et placement du Québec (Canada) 22/08/2008
61 President and Fellows of Harvard College (US) 22/08/2008
62 Samsung Investment Trust Management Co., Ltd. (Korea) 25/08/2008
63 AllianceBernstein Limited (UK) 28/08/2008
64 Oversea-Chinese Banking Corporation Limited (Singapore) 28/08/2008
65 First State Investment Management (UK) Limited (UK) 11/09/2008
66 DAIWA Asset Management Co. (Japan) 11/09/2008
67 Shell Asset Management Company B.V. (Holland) 12/09/2008
68 T. Rowe Price International, Inc. (US) 12/09/2008
69 Credit Suisse (Switzerland) 14/10/2008
70 UOB Asset Management Ltd (Singapore) 28/11/2008
71 ABU Dhabi Investment Authority (United Arab Emirates) 03/12/2008
72 Allianz Global Investors Luxembourg S.A. (Luxembourg) 16/12/2008
73 Capital International, Inc. (US) 18/12/2008
74 Mitsubishi UFJ Securities Co., Ltd. (Japan) 29/12/2008
75 Hanwha Investment Trust Management Co., Ltd. (Korea) 05/02/2009
76 Emerging Markets Management, L.L.C. (US) 10/02/2009
77 DWS Investment S.A. (Luxembourg) 24/02/2009
78 The Korea Development Bank (Korea) 23/04/2009
79 Woori Bank Co., Ltd (Korea) 04/05/2009
80 Bank Negara Malaysia  (Malaysia) 19/05/2009
81 Lloyd George Management (Hong Kong) Limited 27/05/2009
82 Templeton Investment Counsel, LLC (US) 05/06/2009
83 BEA Union Investment Management Limited (Hong Kong) 18/06/2009
84 The Sumitomo Trust & Banking Co., Ltd. (Japan) 26/06/2009
85 Korea Investment Trust Management Co., Ltd 21/07/2009
86 Baring Asset Management Limited (UK) 06/08/2009
87 Ashmore Investment Management Limited (UK) 14/09/2009
88 BNY Mellon Asset Management International Ltd. (UK) 06/11/2009
89 Manulife Asset Management (Hong Kong) Limited 20/11/2009
90 Nomura Asset Management CO., LTD (Japan) 23/11/2009
91 Tongyang Investment Trust Management Co., Ltd (Korea) 11/12/2009
92 Royal Bank of Canada 23/12/2009
93 Aviva Investors Global Services Limited (UK) 28/12/2009
94 Ivy Investment management Company (US) 08/02/2010
95 DIAM Co. Ltd (Japan) 12/05/2010
96 OFI Asset Management (France) 10/06/2010
97 Aberdeen Asset Management Asia Ltd (Singapore) 06/07/2010
98 KB Asset Management Co., Ltd (Korea) 09/08/2010
99 Fidelity Investments Management (Hong Kong) Limited 01/09/2010
100 Legg Mason Investements (Europe) Ltd (UK) 08/10/2010
101 Hong Kong Monetary Authority 27/10/2010
102 Fubon Securities Investment Trust Co. Ltd (Taiwan) 29/10/2010
103 Capital Securities Investment Trust Co. Ltd (Taiwan) 29/10/2010
104 BMO Investments Inc. (Canada) 06/12/2010
105 Bank Julius Bear & Co.,Ltd. (Switzerland) 14/12/2010
106 KTB Asset Management Co.,Ltd. (Korea) 28/12/2010
107 Lyxor Asset Management (France) 16/02/2011
108 Polaris International Securities Investment Co. Ltd. (Taiwan) 04/03/2011
109 Assicurazioni Generali S.P.A. (Italy) 18/03/2011

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Related articles on this website:

What is QFII

QFII is Allowed to Trade China Stock Index Futures

List of China QDII Funds, April, 2011

Posted on April 26, 2011 in: April, China QFII|Comments Off

On April 26, 2011, there are 36 QDII funds in China:

Bank of Communications Schroder Global Select Value Securities Investment Fund
Bo Greater China during the Asia-Pacific Select Equity Securities Investment Fund
Cathay Securities Investment Fund NASDAQ 100 Index
CCB Principal Global Opportunities Equity
Changsheng Global Select Equity Broader Market Boom Industry Investment Fund Securities
China Global Select Equity Securities Investment Fund
China Merchants Global Resources Equity Securities Investment Fund
China Universal Preferred Stocks of Asian-Australian Mature
E Fonda Best of Asian Equity Securities Investment Fund
Fortune SGAM Industry Growth Equity Securities of Overseas Chinese Investment Fund
Fortune SGAM Selection Mature Market Momentum
GF Asia Pacific (excluding Japan) Equity Securities Investment Funds Selected
Global Resources Equity Investment
Great Equal weight S & P 500 Index
Harvest Hang Seng China Enterprises
Harvest Overseas Chinese Stocks
Harvest the overseas Chinese stock equity securities investment fund
Hua An International Balanced Fund
ICBC Credit Suisse China Opportunities global configuration equity securities
ICBC Credit Suisse Global Select Equity Securities Investment Fund
ICBC Global Select Equity
Lion Global Gold
Long Letter To The U.S. S & P 100 Equal Weighted Index
Morgan Asia Equity Securities Investment Fund
Pacific Select Equity GF Fund Management
Peng Wah International Found
Sea Fortis China Overseas Equity Securities Investment Fund Selection
Southern Global Select Configuration
Southern Global Selected Securities Investment Fund allocation
State Investment UBS Global Emerging Markets Select Equity Securities Investment Fund
The JP Morgan Global Emerging Markets Equity
Tianfu Asia Australia mature markets (excluding Japan) equity securities selected dominant
UBS SDIC Emerging Market Equities
Wells Fargo Global Bond
When Bo Selected Asia-Pacific Stocks
Yinhua Global Core Securities Investment Fund Selection

Related articles:

What is QDII in China

QDII Member List, August 2010

Hong Kong Stock Through Train

What is QFII

QFII is Allowd to Trade China Stock Index Futures
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