China Tells

China government has approved more qualified institutional investors to invest in Chinese stock and property market for next year (See Article from China Daily). According to the latest estimate, China government will grant at least a quota of $5 Billion for 2010, which is a big jump from this year’s quota ($3.3 Bil). The latest investors that obtained approval are BNY Mellon and Manulife. So far QFII is the only legitimate channel for foreign investors to take a pie in the fast growing financial market of China. Based on the outstanding performance of Shanghai Index in 2009, it is estimated that the enthusiasm of foreign investors to throw money into China will only grow in the next year.

中国政府最近又批准了两家外资投资机构获得QFII资格。目前看来中国政府在10年会至少批准50亿美元的投资额度，高于09年的33亿美元的水平。由于沪深指数在全球股市中表现出色，不难想见明年将有更多的外资想进中国投资以分得一杯羹。