Investors: Hong Kong and Futures

investors: The Hong Kong Exchanges and Clearing will also launch MSCI China A Index Futures along with the China Financial Futures Exchange, Jiao said, according to Global Times China. He disclosed the information when delivering a speech in Hong Kong. The China Securities Regulatory Commission CSRC will allow Qualified Foreign Institutional Investors QFII and Renminbi Qualified Foreign Institutional Investors RQFII investors to participate in the Chinese mainland's futures market, along with domestic social security funds, commercial banks and insurance funds as well as state-owned enterprises, said Jiao Zengjun, director of the futures management division under the CSRC, according to a Wednesday report by the hkcd, the website for the Hong Kong Commercial Daily newspaper. However, Jiao didn't reveal the exact quota under which overseas investors will be allowed to invest in the mainland stock index futures. Li Qiang, director of the research center under Xinhua Futures, said that the opening-up of domestic stock index futures is not unexpected considering the fact that the internationalization level of the domestic financial derivatives market has been rising in recent years, and that the Chinese government wants to provide a complete set of financial investment tools for overseas investors instead of just tilting toward the opening-up of certain sectors. It's likely that such investment will be included in the quota limitations of the QFII and RQFII programs, Xi Junyang, a professor at the Shanghai University of Finance and Economics, told the Global Times Wednesday. (news.financializer.com). As reported in the news.