.jpg){kind=avatar}
.jpg){kind=avatar}
China is considering relaxing restrictions to allow its citizens to invest in securities outside its mainland in a bid to facilitate two-way capital flows as it opens its own capital markets to more foreign participation. The State Administration of Foreign Exchange (SAFE) will conduct a study to see if it can allow domestic investors to use their $50,000 annual forex quota for purchases of securities and insurance offshore.
The State Administration of Foreign Exchange will conduct a study to see if it can allow domestic investors to use their $50,000 annual forex quota for purchases of securities and insurance offshore, Ye Haisheng, director of its capital account management department, wrote in an article published in China Forex Magazine. It also plans to remove the quota limit for individuals who take part in stock incentive programs of offshore-listed firms. If implemented, the move would be a big leap in China’s push for a two-way opening of its financial markets.
unknownx500
