China considering relaxing rules for Taiwan investments in the mainland
SHANGHAI (Reuters) - China is considering expanding access to Taiwanese investors in mainland capital markets through an investment programme known as RQFII, a senior stock regulator was quoted as saying by the official China Securities Journal on Thursday.
The Renminbi Qualified Foreign Institutional Investor (RQFII) scheme gives overseas investors the right to invest in mainland's markets via a quota system.
Enabling Taiwanese investors to participate via the RQFII programme forms part of the efforts by the China Securities Regulatory Commission (CSRC) to promote mutual investments in mainland, Taiwan and Hong Kong financial markets, Jiang Yang, a CSRC deputy chairman, was quoted as saying.
Financial ties across the Taiwan Strait have gathered pace over recent years, with both sides signing a yuan clearing agreement and allowing banks to invest in each other's territories.
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